Authority: National Company Law Tribunal, Hyderabad Bench-II
Order Date: 06 July 2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench-II heard an application IA (IBC)/959/2026 filed in the matter of CP (IB) No.242/7/HDB/2021 under Section 7 of the Insolvency and Bankruptcy Code (IBC). The application was presented by Mr. Mayur Mundra, learned counsel for the applicant. The specific request was for an extension of the liquidation period of Talwar Cars Pvt Ltd by 10 days, effective from 22 June 2026 to 01 July 2026. The application was part of ongoing insolvency proceedings initiated by R K Mining Pvt Ltd against Talwar Cars Pvt Ltd.
Final Outcome
The Bench, comprising Hon'ble Member (Judicial) Shri Rajeev Bhardwaj and Hon'ble Member (Technical) Shri Sanjay Puri, allowed the application. The liquidation period for Talwar Cars Pvt Ltd was officially extended by 10 days, from 22 June 2026 to 01 July 2026. The application was disposed of accordingly following the order.
Topics: Insolvency Proceeding, NCLT Order, Liquidation Extension