NATIONAL COMPANY LAW TRIBUNAL
Mr. Purusottam Behera VS
ORDER
Order delivered on: 28.01.2026
1. As the issues, facts and prayers in all the 6 Interlocutory Applications above are similar in nature hence they are all dealt with and being disposed of by this common order.
I.A.(IB)/136/MB/2026 in CP 400/MB/2024
2. The present I.A. has been filed by Mr. Purusottam Behera, (“Applicant”) as a Resolution Professional of Mr. Shivkumar Patil (“Personal Guarantor”), under Section 60(2) of the Insolvency and Bankruptcy Code, 2016 (“the Code”) r/w Regulation 19 of Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Personal Guarantors to Corporate Debtors)Regulations, 2019 (“IBBI Regulations 2019”) a/w Rule 11 of NCLT Rules, 2016, seeking extension of Personal Insolvency Resolution Process Period for additional 201 (two hundred and one) days i.e., from 29.06.2025 to 15.01.2026 and condonation of the delay of 193 days in filing the present extension application from 29.06.2025 to 07.01.2026.
Facts & Submissions of the Applicant
3. The present company petition was filed by State Bank of India ("Financial Creditor") under section 95 of the Code, on 04 July 2023 against the Personal Guarantor of MSM Steels Private Limited ("Corporate
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