Authority: National Company Law Tribunal (NCLT), Ahmedabad Bench - Court 2
Order Date: 06/07/2026
Case Overview
This matter concerns an application (IA/962(AHM)2026) filed within the main insolvency petition CP(IB)/55(AHM)2021. The application was heard by a bench comprising Hon'ble Member (Judicial) Mrs. Chitra Hankare and Hon'ble Member (Technical) Dr. Velamur G Venkata Chalapathy. The proceedings were initiated under Section 9 of the Insolvency and Bankruptcy Code (IBC), with SABIC Asia Pacific Pte Ltd. as the applicant and JBF Industries Limited as the respondent. The specific application sought an extension of the Corporate Insolvency Resolution Process (CIRP) for JBF Industries Limited. During the hearing, the counsel for the respondent stated they had no objection to the grant of the extension.
Final Outcome
The NCLT bench granted the application, approving an extension of the Corporate Insolvency Resolution Process (CIRP) for a further period of 90 days. This extension is effective from 19 June 2026. With this ruling, the application IA/962(AHM)2026 was disposed of.
Topics: Insolvency, NCLT, Corporate Resolution