# In the matter of Supreme Infrastructure Bot Pvt. Ltd.

> NCLT judgment dated 2025-02-19. Citation: TCN-2025-NCLT-00462. The case involves an application (IA 876/2025) filed in a Corporate Insolvency Resolution…

- **Court:** NCLT
- **Order date:** 19 Feb 2025
- **Citation:** TCN-2025-NCLT-00462
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/supreme-infrastructure-bot-pvt-ltd-19889d6b

## Summary

### Background

The case involves an application (IA 876/2025) filed in a Corporate Insolvency Resolution Process (CIRP) seeking a 90-day extension beyond the initial 180-day period, which expired on November 18, 2024. The Committee of Creditors (CoC) resolved to liquidate the Corporate Debtor, and a separate application for liquidation has been filed but is under scrutiny. The Resolution Professional received four Expressions of Interest, but only two were eligible. No resolution plan was received by the deadline of February 12, 2025, and no proposal was submitted by the Suspended Board of Directors.

## Facts

The Corporate Insolvency Resolution Process (CIRP) for Supreme Infrastructure Bot Pvt Ltd was initiated. An Interlocutory Application (IA 876/2025) was filed seeking a 90-day extension of the CIRP period, which had already expired on November 18, 2024. The Resolution Professional received four Expressions of Interest, but only two were found eligible. The last date for submitting a resolution plan was February 12, 2025, but no plan was received. The Committee of Creditors (CoC) approved the liquidation of the Corporate Debtor with 100% of the votes in their 11th meeting. The CoC resolved to liquidate the Corporate Debtor on February 14, 2025. The applicant also filed a separate application seeking liquidation. The court noted that even if the extension was granted, the

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## Issues and analysis

### Issue 1: Whether the extension of the Corporate Insolvency Resolution Process (CIRP) period should be …

**Ratio:** The court has the discretion to extend the CIRP period, but such extension must serve a

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**Reasoning:** The court reasoned that even if the extension was granted, the extended period had

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**Interpretation:** The interpretation is that an extension of the CIRP period should only be

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**Application:** In this case, the court partly allowed the extension, but only until the date

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## Parties

- **Judges:** Prabhat…; V.G. B…
- **Respondents:** Supreme Infrastruc…

## Timeline

- **2024-11-18 — Expiry of Initial CIRP…**: The initial 180-day Corporate Insolvency…
- **2025-02-12 — Deadline for Resolution…**: The last date for submitting a resolution plan…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 60(5) — Adjudicating Authority for corporate persons](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-60)

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