NCLT Extends Oswal Spinning Liquidation Period

NCLT Chandigarh allows a six-month extension to the liquidation process of Oswal Spinning & Weaving Mills Ltd.
The extension was sought by the liquidator under IBBI Regulation 44(2) as the process period expired in December 2025.
The tribunal directed the liquidator to utilize the extended period effectively to complete the process.
The application was filed by the liquidator with UCO Bank being the original petitioner in the insolvency case.