Extension of Timeline for submission of Resolution Plan from 28.02.2026 to 07.03.2026
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Tasty Dairy Specialities Ltd, which is currently under the Corporate Insolvency Resolution Process (CIRP) since an NCLT order dated October 7, 2025, has received approval from the Committee of Creditors to extend the deadline for submission of Resolution Plans from February 28, 2026 to March 7, 2026. The 7-day extension was granted in response to requests from Prospective Resolution Applicants (PRAs). The company's affairs continue to be managed by Resolution Professional Mr. Anish Agarwal. This indicates that interested buyers have asked for more time to finalize their bids.
The extension suggests PRAs are still evaluating the company but need more time to prepare bids. For shareholders, this means a longer wait for clarity on resolution outcomes, and the stock remains under uncertainty until a resolution plan is approved by the CoC.