Corporate LawsLaw Report
NCLT rejects CIRP extension as liquidation was unanimously approved by CoC, with no resolution plan approved for the corporate debtor.
The National Company Law Tribunal (NCLT) Amaravati has issued an order for the liquidation of Sri Krishna Stockist & Traders Private Limited, after the CoC had resolved unanimously to liquidate the company and dismissed a request for the grant of 227 days’ extension of the CIRP process.
The CIRP of the corporate debtor started on August 20, 2025, after Canara Bank had instituted a petition under…