The National Company Law Tribunal (NCLT) Hyderabad Bench has issued a modified order extending the Corporate Insolvency Resolution Process (CIRP) for Baron Infotech Limited by 120 days while excluding a specific period from the CIRP timeline. The order, dated January 9, 2026, addresses an omission in the tribunal's previous ruling from January 6, 2026.

Case Background and Proceedings

The insolvency proceedings involve Aventine Software Private Limited as the petitioner and Baron Infotech Limited as the respondent, filed under Section 7 of the Insolvency and Bankruptcy Code. The case is registered as CP(IB) No. 164/7/HDB/2023 before the NCLT Hyderabad Bench.

The tribunal's coram consisted of Shri Rajeev Bhardwaj, Honourable Member (Judicial), and Shri Sanjay Puri, Honourable Member (Technical). The hearing was conducted in hybrid mode with both virtual and physical attendance.

Order Modification Details

The Resolution Professional, represented by Mr. Naresh Kumar Sangam and CS Dr. Ahalada Rao Vummenthala, filed a memorandum seeking rectification of the January 6, 2026 order. The tribunal acknowledged that while the previous order extended the CIRP by 120 days, it inadvertently omitted the period exclusion component.

Tribunal's Ruling

The NCLT modified and replaced its earlier order, stating that the period from January 26, 2025, to January 6, 2026, is excluded from the CIRP timeline. Additionally, the tribunal extended the CIRP period by a further 120 days from the date of disposal of the present application.

The tribunal noted that the omission in the previous order was due to inadvertence and proceeded to rectify the matter comprehensively. The modified order addresses both components of the Resolution Professional's application - the period exclusion and the CIRP extension.

Resolution Process Impact

With this order, Baron Infotech Limited's insolvency resolution process receives additional time for completion while accounting for the excluded period. The 120-day extension provides the Resolution Professional with adequate time to pursue resolution strategies and engage with potential investors or buyers.

The case demonstrates the tribunal's procedural flexibility in addressing inadvertent omissions while ensuring that insolvency proceedings continue within the appropriate legal framework. The application filed by the Resolution Professional has been disposed of following the tribunal's comprehensive ruling on both the period exclusion and CIRP extension requests.

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.

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.