NATIONAL COMPANY LAW TRIBUNAL COURT-V, MUMBAI BENCH

203. IA(PLAN)/39/2025 IA/3560/2025 C.P. (IB)/4346(MB)2019 IN THE MATTER OF Ammu Enterprises VS KCG Engineers Private Limited U/s 9 of the Insolvency and Bankruptcy Code, 2016 Order Delivered on 23.02.2026 CORAM:

SH. MOHAN PRASAD TIWARI SH. CHARANJEET SINGH GULATI MEMBER (J) MEMBER (T)

Appearance through VC/Physical/Hybrid Mode:

For the Petitioner: - Adv. Viraj Parekh a/w. Adv. Yahya Batatawala (PH)

RP In Person: - RP Neehal Pathan (PH)

For the Respondent: -

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ORDER IA/3560/2025: - This IA has been filed by the RP seeking following prayers: -

“a. To grant extension of time 1295 days i.e. from 01/08/2021 to 16/02/2025 to complete Corporate Insolvency Resolution Process of the Corporate Debtor as required under Section 12 of the Insolvency and Bankruptcy Code, 2016 b. To condone the delay of 156 days i.e. from 17/02/2025 to

23/07/2025 in filing the present application.”

In this case, the CIRP was initiated on 28.01.2020, and 180 days period of the CIRP were completed on 26.07.2020. The RP had filed an Application bearing no. 465/2021 on 01.01.2021 seeking extension of 90 days a