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NATIONAL COMPANY LAW TRIBUNAL
Mohan Prasad Tiwari, Judicial Member, Charanjeet Singh Gulati, Technical Member
Purusottam Behera – Appellant
Versus
State Bank of India – Respondent
| Table of Content |
|---|
| 1. common order for similar i.as. seeking pirp extension. (Para 1 , 2) |
| 2. rp details process delays and seeks condonation, creditor approvals. (Para 3 , 4 , 5 , 6 , 7 , 8 , 9 , 10 , 11 , 12) |
| 3. analysis of s.60(2), s.101(1) timelines and no extension power. (Para 13 , 14 , 15 , 16) |
| 4. reliance on nclat confirming moratorium ends at 180 days. (Para 17 , 18) |
| 5. no extension granted; all i.as. disposed of. (Para 19 , 20 , 21 , 22) |
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 Peri
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