NCLT Grants Central Bank Extension in Praneet Softech Case

Authority: National Company Law Tribunal, New Delhi Court-VI

Order Date: 08 June 2026

Case Overview

This is an interlocutory application (IA(Liq.)/16/2026) within the main insolvency petition (IB-518/ND/2024) filed by Central Bank of India (Petitioner) against M/s. Praneet Softech Pvt. Ltd (Respondent) under Section 7 of the Insolvency and Bankruptcy Code, 2016. The matter was heard in a hybrid mode (physical and video conference). The learned counsel for the liquidator, Adv Shivam Gautam, was present. The bench, comprising Hon'ble Member (Judicial) Justice Jyotsna Sharma and Hon'ble Member (Technical) Ms. Anu Jagmohan Singh, was dealing with a request from the liquidator for an extension of time.

Final Outcome

The NCLT granted the liquidator a further two weeks to file an additional affidavit in compliance with the tribunal's previous order dated 19 May 2026. The matter has been listed for the next hearing on 14 August 2026.

Topics: Insolvency Proceeding, NCLT Order, Banking