Baron Infotech CIRP: CoC Plan Awaits NCLT Nod 2026

Why the NCLT stage matters now

Baron Infotech Limited has reported progress in its Corporate Insolvency Resolution Process (CIRP) after the Committee of Creditors (CoC) approved a resolution plan. The company has also repeatedly clarified that creditor approval does not conclude the CIRP. Implementation depends on approval by the National Company Law Tribunal (NCLT), Hyderabad Bench. As a result, the company remains in a waiting phase even after the CoC vote.

Separately, NCLT Hyderabad Bench-II reserved orders on September 2, 2026, on multiple petitions concerning Baron Infotech Limited. The approval of the resolution plan and other related matters remain pending before the tribunal, according to the disclosures referenced in the update.

CoC approval at the 23rd adjourned meeting

Baron Infotech disclosed to stock exchanges that the CoC, in its 23rd adjourned meeting, approved all proposed resolutions, including the resolution plan. The company described the approval as a key milestone within the CIRP framework under the Insolvency and Bankruptcy Code, 2016 (IBC). The meeting is stated to have concluded at 10.12 PM IST, with CS Dr Ahalada Rao Vummenthala serving as the Resolution Professional.

At the same time, the company underlined the key limitation of this stage. The CoC vote does not make the plan effective. The resolution plan must still receive the nod from the NCLT before it can be put into action. Until that approval is received, the company cannot implement the plan.

Innopark (India) Pvt Ltd plan filed with NCLT

A subsequent filing stated that Baron Infotech Limited, under CIRP, filed the resolution plan of Innopark (India) Private Limited with the NCLT Hyderabad Bench on May 5, 2026. This filing followed CoC approval at the 23rd meeting (adjourned) held on April 25, 2026. The Resolution Professional, CS Dr Ahalada Rao Vumenthala, disclosed that the plan was formally filed with the tribunal on May 5, 2026.

This filing is an important procedural step because it moves the process from creditor decision to judicial scrutiny. But the company’s own language makes the position clear: filing does not equal approval. The plan remains subject to NCLT approval before it can be implemented.

NCLT’s May 5, 2026 direction on contentions raised

A regulatory update from 63 moons technologies referred to communications by its non-material subsidiary Ticker Limited. The update flagged an NCLT Hyderabad Bench order dated May 5, 2026 in Baron Infotech’s insolvency proceedings. The tribunal directed the Resolution Professional to consider contentions raised by a prospective resolution applicant, Vivek Kumar Ratakonda.

The NCLT stated that the matter regarding Baron Infotech Limited cannot be finalized until these contentions are considered by the Resolution Professional and appropriately disposed of by the NCLT. Ticker Limited also emphasized that the CoC-approved resolution plan is not final until it receives tribunal approval, and that, as of the date of the communication, the plan had not been approved.

CIRP extension effective May 6, 2026

The same set of disclosures noted that the CIRP period was extended by another 30 days with effect from May 6, 2026, via a related application. This extension sits alongside the ongoing adjudication of issues around the resolution process. The extension also reflects that, even after filing, the matter may require additional steps before the NCLT reaches a decision.

For investors and other stakeholders, the extension and the tribunal’s direction indicate that the process timeline is dependent on procedural compliance and the handling of pending applications. Baron Infotech itself has framed this as a pending stage awaiting NCLT approval.

Hearings and adjournments at NCLT Hyderabad Bench-II

The company’s ongoing CIRP hearings at the NCLT, Hyderabad Bench-II were adjourned, with the next session scheduled for August 13, 2026, as stated in the provided update. Later, the NCLT Hyderabad Bench-II reserved orders on September 2, 2026, on multiple petitions concerning Baron Infotech Limited.

Together, these updates show the sequence of hearings and pending adjudication around the company’s CIRP. The approval of the resolution plan and other related matters remain pending before the Hon’ble NCLT Hyderabad Bench, according to the same information.

Earlier NCLT remand and procedural issues highlighted

The disclosures also referenced an earlier development in the case timeline. As per an update linked to 63 moons technologies, the NCLT Hyderabad Bench issued an order dated December 9, 2025, directing the CIRP of Baron Infotech Limited to be re-run through a new Resolution Professional due to procedural issues identified during the earlier process.

According to that communication, the tribunal found no issues with the resolution plan itself and noted 100 percent creditor payment compliance with IBC principles. Vivek Kumar Ratakonda, described as the Successful Resolution Applicant, communicated the tribunal’s decision to Ticker Limited on December 11, 2025, and said he was exploring legal options while expressing confidence in completion.

What is known about Ratakonda’s earlier resolution plan approvals

Separate disclosures in the provided information stated that a resolution plan submitted by Mr. Vivek Kumar Ratakonda was approved by the CoC at its Eleventh meeting held on January 21, 2025. The Letter of Intent was accepted and signed unconditionally by the resolution applicant on January 22, 2025.

These older milestones are relevant because the tribunal’s later directions in 2025 and 2026 refer to contentions raised and procedural steps to be addressed. The updates do not quantify the commercial terms in the plans, but they show that the insolvency process has involved multiple plan-related events over time.

Key facts table: timeline of reported events

Market impact: what the pending approval changes

The disclosures frame the core market-relevant point clearly: CoC approval and filing with the tribunal do not allow Baron Infotech to implement the plan. As long as NCLT approval is pending, the company remains under CIRP, and the outcome is subject to tribunal directions and procedural compliances.

The NCLT’s direction to consider contentions raised by a prospective resolution applicant adds an additional procedural layer before finalisation. The extension of the CIRP period by 30 days with effect from May 6, 2026 further highlights that timelines can shift while applications and petitions are adjudicated. For shareholders and creditors tracking the process, the key signal from the company’s communication is that the plan remains unimplemented until the NCLT passes an approval order.

Analysis: why this stage is a turning point in CIRP

Within IBC-driven resolutions, the CoC vote is a critical milestone, but it is not the final step. Baron Infotech’s disclosures repeatedly highlight this distinction, likely to ensure investors do not interpret CoC approval as completion. In this case, the tribunal’s intervention around contentions and the need for disposal before finalisation show how process integrity and procedural compliance influence timelines.

The reference to the December 9, 2025 order, which remanded the process due to procedural issues, provides context on why NCLT scrutiny is central. The disclosed observation that there was “no issue with the resolution plan itself” in that earlier order, alongside a remark on 100 percent creditor payment compliance, indicates that the tribunal’s focus can extend beyond the commercial terms into the conduct and structure of the process.

Company contact details disclosed

The provided update included the following contact details:

• Phone: (+91) (40) 6360062
• Email: Info@baroninfotech.com
• Website: www.baroninfotech.com

Conclusion

Baron Infotech’s CIRP has advanced to the stage where a CoC-approved resolution plan has been filed with the NCLT, Hyderabad Bench. But the company has been explicit that the process is not complete without tribunal approval, and it cannot implement the plan until the NCLT passes an order. With NCLT Hyderabad Bench-II reserving orders on September 2, 2026, the next meaningful milestone remains the tribunal’s decision on the pending petitions and approval of the resolution plan.