Authority: National Company Law Tribunal, Division Bench – II, Chennai
Order Date: 16.06.2026
Case Overview
An application (IA(I.B.C)/927(CHE)2026) was filed by the Resolution Professional, Renuka Devi Rangaswamy, for the Corporate Debtor, M/s. Regen Infrastructure and Services Pvt Ltd. The application was made under Section 12(2) of the Insolvency and Bankruptcy Code (IBC), 2016. It sought to exclude a period of 125 days from the Corporate Insolvency Resolution Process (CIRP) timeline, specifically from 01.01.2026 to 05.05.2026. The reason for this exclusion was cited as judicial intervention due to proceedings pending before the National Company Law Appellate Tribunal (NCLAT). Concurrently, the applicant sought a corresponding extension of the CIRP period by 150 days, from 06.05.2026 to 02.10.2026. This request for extension was based on a resolution passed in the 8th Consolidated Committee of Creditors (CoC) Meeting of RPPL and RISPL, held on 26.05.2026.
Final Outcome
The NCLT bench, comprising Member (Judicial) Shri. Jyoti Kumar Tripathi and Member (Technical) Shri. Ravichandran Ramasamy, allowed the application. The tribunal approved the exclusion of the 125-day period from the CIRP timeline. It also granted the 150-day extension of the CIRP period, thereby setting a new end date for the process as 02.10.2026. The application was disposed of as allowed.
Topics: Insolvency Proceeding, Timeline Extension, Judicial Intervention