# In the matter of Pioneer Gas Power Limited

> NCLT judgment dated 2025-03-17. Citation: TCN-2025-NCLT-00359. The document pertains to an order regarding IA (IBC)/529/2025 filed in Company Petition…

- **Court:** NCLT
- **Order date:** 17 Mar 2025
- **Citation:** TCN-2025-NCLT-00359
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/pioneer-gas-power-limited-1351ebb9

## Summary

### Background

The document pertains to an order regarding IA (IBC)/529/2025 filed in Company Petition IB/164/2021 before the National Company Law Tribunal (NCLT), Hyderabad Bench. The application was moved for the extension of the Corporate Insolvency Resolution Process (CIRP) period.

## Facts

The key facts are that an application, IA (IBC)/529/2025, was filed in connection with Company Petition IB/164/2021. The application sought an extension of the CIRP period by 60 days, specifically from March 14, 2025, to May 12, 2025. The application was filed under Section 7 of the IBC. The Resolution Professional, Mr. Ramanjaneyulu Gandluri, was present. The NCLT, Hyderabad Bench, considered the submissions made in the application and decided to extend the CIRP period by 60 days. The relevance of these facts lies in the procedural aspect of the CIRP and the court's decision to grant an extension based on the submissions made.

## Issues and analysis

### Issue 1: Whether the CIRP period should be extended by …

**Ratio:** The legal principle applied is the court's discretion to extend the CIRP period based on

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**Reasoning:** The court reasoned that, based on the submissions made in the application, it was

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**Interpretation:** The interpretation involves understanding the scope and purpose of CIRP

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**Application:** The ratio and reasoning were applied to the specific facts of the case, where

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## Parties

- **Judges:** SHRI. RAJEEV…; SHRI. SANJA…
- **Appellants:** IFCI…
- **Respondents:** Pioneer Gas Power…

## Timeline

- **2025-03-17 — Hearing…**: Hearing held at 10:30 AM…
- **2025-03-14 — Effective Date of…**: CIRP period extended…

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