It is hereby informed that the Hon''ble NCLT, Hyderabad bench vide its order dated 9-1-2026 in IA no. IA(IBC)/2025/2025 CP(IB) No.164/7/HDB/2023 has modified and replaced its earlier order ....
Awaiting price reaction for this filing.
The NCLT Hyderabad bench has modified its earlier order dated 06.01.2026 in the insolvency case filed by Aventine Software Pvt Ltd against Baron Infotech Ltd under Section 7 of the Insolvency and Bankruptcy Code. The tribunal excluded the period from 26.01.2025 to 06.01.2026 from the CIRP timeline, citing this period was inadvertently omitted in the earlier order. The CIRP period for Baron Infotech has been extended by an additional 120 days from the date of disposal of the pending exclusion application. This indicates the insolvency resolution process against the company is still ongoing and has been prolonged.
Negative for shareholders — the company remains under insolvency proceedings with the resolution timeline further extended, delaying any potential recovery or revival. This prolongs uncertainty around equity value, which is typically eroded significantly during extended CIRP.