NCLT Extends CIRP Period for Baron Infotech Limited; Resolution Professional Directed to Consider Applicant Contentions
Mumbai/Chennai, May 6, 2026: 63 Moons Technologies Ltd, parent company of Ticker Limited, has provided updates regarding the ongoing insolvency proceedings involving its non-material subsidiary, Baron Infotech Limited. The company noted several critical developments stemming from an order issued by the National Company Law Tribunal (NCLT), Hyderabad Bench, on May 5, 2026.The communication details the status of the resolution process for Baron Infotech Limited (which operates under Corporate Insolvency Resolution Process, CIRP).
NCLT Orders Issued May 5, 2026
The NCLT Hyderabad Bench issued specific orders concerning the ongoing matters. The key directives and proceedings recorded on May 5, 2026, relate to the following applications:| Application | Matter | Outcome/Directive |
|---|---|---|
| IA (IBC)/731/2026 | Avantine Software Pvt Ltd. vs. Baron Infotech Limited | The CIRP period was extended by an additional 30 days, effective from May 6, 2026. |
| IA (IBC)/733/2026 | Applicant vs. RP | The Resolution Professional was directed to take into account the contentions raised by the applicant and proceed according to law. |
The resolution process for Baron Infotech Limited cannot be finalized until the contentions raised by the prospective Resolution Applicant (RA) are considered by the Resolution Professional (RP) and appropriately disposed of by the NCLT.
Resolution Plan and Contentions
A prospective Resolution Applicant, Vivek Kumar Ratakonda, communicated that the matter of Baron Infotech Limited cannot be finalized until all contentions raised by him are addressed by the RP and subsequently by the NCLT.While the RP informed BSE of filing the Resolution Plan with the NCLT, Hyderabad Bench, the applicant noted that the RP had not fully disclosed the NCLT's Order regarding the contentions raised by him.
Separately, the source material also included an intimation regarding the filing of a Resolution Plan for Innopark (india) Private Limited. This plan, which was approved by the Committee of Creditors (CoC) at its meeting on April 25, 2026, was filed with the NCLT, Hyderabad Bench, on May 5, 2026.
63MOONS Stock Price Movement
Shares of 63 MOONS TECHNOLOGIES LIMITED are edging higher to ₹739.6 as of 9:08 AM, gaining 0.80% in the pre-open session. The equity currently sits up ₹5.85 in early trading, suggesting positive momentum heading into the market open.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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