Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 09/10/2026
Case Overview
This proceeding concerns an Interlocutory Application (IA/1653(AHM)2026) filed by the Liquidator of Sunshine Hi-Tech Infracon Limited under Regulation 44 of the IBBI (Liquidation Process) Regulations, 2016, read with Rule 11 of the NCLT Rules, 2016. The application sought two primary reliefs: extension of the liquidation period by 90 days (from 01/10/2026 to 29/12/2026) and exclusion of 286 days from the liquidation timeline (specifically from 10/12/2025 to 22/09/2026).
The corporate debtor, Sunshine Hi-Tech Infracon Ltd, was originally admitted into Corporate Insolvency Resolution Process (CIRP) on 05/10/2021. The NCLT subsequently passed a liquidation order on 30/08/2023 in IA/746(AHM)2022. The liquidation period had been extended multiple times previously, with the last extension granted until 30/09/2026 via order dated 10/10/2025 in IA/987(AHM)2025.
The grounds for the current application stem from significant delays in recovering possession of the corporate debtor's only remaining asset - land bearing Khasra No. 391/1 at Village Balodgahan, District Balod, Chhattisgarh. Possession of this critical asset was finally handed over to the Liquidator only on 22/09/2026, following contempt proceedings initiated for non-compliance with the Tribunal's earlier order dated 15/04/2025. The Committee of Creditors, in its meeting held on 24/09/2026, unanimously resolved to support both the 90-day extension request and the exclusion of a broader period of 533 days (from 16/04/2025 to 22/09/2026) from the liquidation timeline.
Final Outcome
The NCLT bench comprising Mr. Shammi Khan (Member Judicial) and Mr. Sanjeev Sharma (Member Technical) allowed the application and granted the 90-day extension of the liquidation period. The liquidation process for Sunshine Hi-Tech Infracon Limited is now extended until 29/12/2026. The tribunal did not explicitly rule on the request for exclusion of the 286-day period (or the 533-day period mentioned in the CoC resolution) in the final order disposition.
- Topics: Insolvency Proceedings, NCLT Order, Liquidation Extension