NCLT approves a six-month extension to the liquidation process for Noida Software Technology Park Ltd. effective from May 9, 2026.
The extension is sought due to four pending litigations and an unresolved legal issue concerning the treatment of secured creditors.
A key pending issue involves the equal treatment of all secured creditors when security interest is relinquished, currently before the Supreme Court.
The liquidator is directed to endeavor to complete the pending matters within the extended period and record the steps taken.