NCLT Extends Shri Paramsukh Edible CIRP by 60 Days

Authority: National Company Law Tribunal (NCLT), Indore Bench, Court No. 1

Order Date: 22/06/2026

Case Overview

The application (IA/367(MP)2026) was filed by Chirag Rajendrakumar Shah, the Resolution Professional (RP) of Ms Shri Paramsukh Edible Foods Pvt Ltd, under Section 12(2) of the Insolvency and Bankruptcy Code, 2016 read with Regulation 40 of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The RP sought an extension of the Corporate Insolvency Resolution Process (CIRP) for the Corporate Debtor beyond the statutory period of 270 days. The application was heard by a bench comprising Hon'ble Shri Brajendra Mani Tripathi (Member Judicial) and Hon'ble Shri Man Mohan Gupta (Member Technical).

Final Outcome

The NCLT allowed the application and granted an extension of 60 days for the CIRP, effective from 14 June 2026. The RP was directed to complete the entire CIRP process within this newly granted extended period. The application IA/367(MP)2026 was disposed of as allowed.

Topics: Insolvency Proceeding, CIRP Extension