# GP Petroleums Ltd vs. Tirumala Hills Asphalat Pvt Ltd

> NCLT judgment dated 2026-09-01. Citation: TCN-2026-NCLT-00928. The Liquidator filed an application (IA (IBC) 1184/2026) seeking a fourth extension of the…

- **Court:** NCLT
- **Order date:** 1 Sept 2026
- **Citation:** TCN-2026-NCLT-00928
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-hyderabad/gp-petroleums-ltd-vs-tirumala-hills-asphalat-pvt-ltd-k5q6l

## Summary

### Background

The Liquidator filed an application (IA (IBC) 1184/2026) seeking a fourth extension of the liquidation period for six months, citing non-cooperation from the Suspended Directors in handing over assets and contributing funds. An earlier application (IA (IBC)/64/2026 in IA (IBC)/1820/2023) was withdrawn by the applicant.

## Facts

IA (IBC)/64/2026 in IA (IBC)/1820/2023 was disposed of as withdrawn by the applicant.

The present application (IA (IBC) 1184/2026) was filed by the Liquidator seeking a fourth extension of the liquidation period for six months with effect from 06.09.2026.

The Liquidator's justification for the extension is non-cooperation from the Suspended Directors in handing over documents, records, and assets of the Corporate Debtor.

Suspended Directors have not complied with orders passed in IA No. 1820 of 2023 dated 09.04.2025, regarding the handover of assets, including plant and machinery.

The Liquidator informed Suspended Directors by email dated 10.04.2025 and 24.05.2025, followed by a notice dated 11.12.2025, regarding asset handover.

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## Issues and analysis

### Issue 1: Whether the Liquidator's justification for extending the liquidation period, based on …

**Ratio:** The Liquidator cannot seek successive extensions based on non-cooperation if they have

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**Reasoning:** The NCLT observed that the Liquidator's efforts were confined to issuing emails and

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**Interpretation:** Mere communication (emails/notices) is insufficient; active legal steps are

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**Application:** The Liquidator's request for extension based on non-cooperation was rejected

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## Parties

- **Judges:** SHRI. RAJEEV…; SHRI. SANJAY…
- **Appellants:** GP Petroleu…; Srid…; +1 more
- **Respondents:** Tirumala Hills…
- **Other parties:** Stakeholders…; Suspended…; +2 more
- **Advocates:** Srid…

## Timeline

- **2025-02-05 — Intimation to Suspended…**: Suspended Directors were intimated by email regarding the requirement to contribute…
- **2025-04-04 — Order in IA No. 1819 of…**: IA No. 1819 of 2023 was disposed of by order, requiring Suspended Directors to contribute…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 9 — Application for initiation of corporate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-9)

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