# In the matter of Diversification Agriculture Producer Company Limited

> NCLT judgment dated 2025-06-10. Citation: TCN-2025-NCLT-00920. The case involves applications (IA No. 458/2024 and IA No. 123/2025) filed by the Resolution…

- **Court:** NCLT
- **Order date:** 10 Jun 2025
- **Citation:** TCN-2025-NCLT-00920
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-allahabad/diversification-agriculture-producer-company-limited-59310545

## Summary

### Background

The case involves applications (IA No. 458/2024 and IA No. 123/2025) filed by the Resolution Professional (RP) of Diversification Agriculture Producers Company Limited, seeking an extension of the Corporate Insolvency Resolution Process (CIRP) period and exclusion of certain periods from the CIRP due to non-cooperation by the Committee of Creditors (CoC).

## Facts

The Corporate Debtor, Diversification Agriculture Producers Company Limited, was admitted into CIRP vide order dated 06.10.2023.

The CIRP was initiated based on an application filed under Section 9 of the Code by the Operational Creditor, Global New Energies & Technologies.

The RP filed IA No. 458/2024 seeking a 90-day extension of the CIRP period beyond the initial 180 days.

The RP filed IA No. 123/2025 seeking exclusion of certain periods from the CIRP period due to non-cooperation by the CoC.

The initial 180-day CIRP period expired on 03.04.2024.

The CoC approved resolutions for issuing Form-G and appointing valuers during the 6th CoC meeting, but these actions could not be implemented due to the lack of an extension beyond the 180-day timeframe.

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## Issues and analysis

### Issue 1: Whether the Resolution Professional's application for extension of the CIRP period should be …

**Ratio:** The Tribunal held that the extension of the CIRP period should not be granted as the RP

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**Reasoning:** The Tribunal noted that the RP had not taken requisite action for carrying on the CIRP as

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**Interpretation:** The Tribunal interpreted Section 12 of the IBC to mean that extensions of the

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**Application:** The Tribunal applied the principles of Section 12 of the IBC and the precedents

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## Parties

- **Judges:** Praveen…; Ashish…
- **Appellants:** Pawan Kumar…
- **Respondents:** Diversification…; Samunnati…
- **Other parties:** Dev Vrat…; Global New…
- **Advocates:** Rohit D…

## Timeline

- **06.10.2023 — Initiation…**: CIRP initiated against Diversification…
- **12.10.2023 — Form-A Public…**: Public announcement made…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 14 — Moratorium](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-14)

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