Authority: National Company Law Tribunal (NCLT), Indore Bench, Court No. 1
Order Date: 08/06/2026
Case Overview
This proceeding concerns an Interlocutory Application (IA/324(MP)2026) filed by Mayuri Daga, the Resolution Professional (RP) for Srasthi Buildcon Private Limited. The application was filed under Sections 12(2), 12(3), and 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the NCLT Rules, 2016. The RP sought an extension of the Corporate Insolvency Resolution Process (CIRP) for the corporate debtor, Srasthi Buildcon Pvt Ltd. The initial 180-day CIRP period was set to conclude, necessitating this application for a further extension.
Final Outcome
The bench, comprising Member (Judicial) Shri Brajendra Mani Tripathi and Member (Technical) Shri Man Mohan Gupta, allowed the application. The NCLT granted an extension of the CIRP by a period of 90 days, effective from 06.05.2026. The Resolution Professional is directed to complete the entire CIRP process within this newly granted extended period. With this order, the application IA/324(MP)2026 stands allowed and disposed of.
Topics: Insolvency, NCLT, Corporate Debtor