The National Company Law Tribunal (NCLT) at Ahmedabad has rejected a plea filed by Dysetuff Industries Ltd seeking directions to convene a special meeting of the Committee of Creditors (CoC) to reopen the Expression of Interest (EOI) process in the insolvency of Sebacic India Ltd, holding that Corporate Insolvency Resolution Process (CIRP) timelines cannot be relaxed once they have expired.
Dysetuff Industries, which described itself as a prospective resolution applicant, had approached the tribunal after the EOI process had closed.
In an order dated November 6, 2025, a bench of Judicial Member Shammi Khan and Technical Member Sanjeev Sharma refused the plea observing that a late entry would disrupt the time-bound Corporate Insolvency…