NewsStocksNCLT Extends Corporate Insolvency Resolution Process for Baron Infotech Limited by 120 DaysNCLT Extends Corporate Insolvency Resolution Process for Baron Infotech Limited by 120 Days
The National Company Law Tribunal Hyderabad has extended the Corporate Insolvency Resolution Process for Baron Infotech Limited by 120 days following an application by the Resolution Professional. The order was passed on January 6, 2026, in proceedings initiated by Avantine Software Pvt Ltd under Section 7 of the IBC. The extension provides additional time for stakeholders to work toward a viable resolution plan in the ongoing insolvency case.
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The National Company Law Tribunal (NCLT) Hyderabad Bench has granted a 120-day extension to the Corporate Insolvency Resolution Process (CIRP) for Baron Infotech Limited. The order was issued on January 6, 2026, during a hybrid hearing that allowed both virtual and physical attendance.
Case Details and Proceedings
The extension was granted in case IA(IBC)/2025/2025 in CP(IB) No. 164/7/HDB/2023, which involves insolvency proceedings under Section 7 of the Insolvency and Bankruptcy Code (IBC). The original petition was filed by Avantine Software Pvt Ltd against Baron Infotech Limited.
| Case Parameter: | Details |
|---|---|
| Case Number: | IA(IBC)/2025/2025 in CP(IB) No. 164/7/HDB/2023 |
| Petitioner: | Avantine Software Pvt Ltd |
| Respondent: | Baron Infotech Limited |
| Hearing Date: | January 6, 2026 |
| Extension Period: | 120 days |
Tribunal Composition and Representation
The hearing was presided over by a two-member bench comprising Hon'ble Member (Judicial) Shri. Rajeev Bhardwaj and Hon'ble Member (Technical) Shri. Sanjay Puri. The proceedings saw representation from Mr. Naresh Kumar Sangam, learned counsel for the applicant, and CS Dr. Ahalada Rao Vummenthala, who serves as the Resolution Professional for Baron Infotech Limited.
Order and Disposal
The tribunal's order was brief and direct, stating that in view of the prayer made in the application by the applicant, the CIRP period would be extended by another 120 days. Following this decision, the application was disposed of, indicating the completion of this particular procedural request within the broader insolvency proceedings.
The extension provides additional time for the resolution process to continue, allowing stakeholders to work toward a viable resolution plan for Baron Infotech Limited. The CIRP extension reflects the tribunal's consideration of the complexities involved in corporate insolvency resolution processes and the need for adequate time to achieve meaningful outcomes for all parties involved.
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