Authority: National Company Law Tribunal (NCLT), Indore Bench, Court No. 1
Order Date: 14/07/2026
Case Overview
The application, numbered IA/419(MP)2026, was filed by Touchstone Services Pvt Ltd (the Applicant and Liquidator) against Power Televentures Pvt Ltd (the Corporate Debtor and Respondent) in the main matter TP 222 of 2019 CP(IB) 325 of 2019. The application was filed under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Regulation 44(2) of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016, and Rule 11 of the NCLT Rules, 2016. The Applicant sought an extension of six months, or any other period deemed appropriate by the tribunal, for the completion of the corporate debtor's liquidation process.
The bench, comprising Hon'ble Shri Brajendra Mani Tripathi (Member Judicial) and Hon'ble Shri Man Mohan Gupta (Member Technical), heard the matter. Legal counsel for the applicant, Mr. Shubham Jaiswal, appeared online. There was no representation for the respondent. After hearing the submissions and perusing the record, the tribunal considered the facts and circumstances of the case.
Final Outcome
The tribunal allowed the application but granted an extension of three months only, instead of the six months requested. The extension is effective from the order date, 14th July 2026. The applicant/liquidator was directed to complete the entire liquidation process within this newly granted three-month period. With this directive, the application IA/419(MP)2026 was allowed and disposed of.
Topics: Insolvency, Liquidation Process, NCLT