This case involves an appeal against the order dated 06.04.2022 passed by the National Company Law Tribunal (NCLT), Kolkata Bench, which allowed I.A. 356/KB/2021 filed by the Resolution Professional, praying for an order of liquidation of the Corporate Debtor, Manthan Broadband Services Pvt. Ltd., and rejected I.A.379/KB/2021 and I.A. 193/KB/2022, which sought permission for the Applicants to submit a Resolution Plan. The CIRP was initiated following an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by Alliance Broadband Services Pvt. Ltd. against the Corporate Debtor. The Adjudicating Authority initiated the CIRP on 18.09.2019. Several events occurred during the CIRP, including extensions of the CIRP period, publication of Form-G
…Alliance Broadband Services Pvt. Ltd. filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Manthan Broadband Services Pvt. Ltd., leading to the initiation of the Corporate Insolvency Resolution Process (CIRP) on 18.09.2019. Mr. Kuldeep Verma was appointed as the Resolution Professional. The Adjudicating Authority extended the CIRP period by 90 days beyond the initial 180 days, effective from 01.11.2020. Form-G was published on 15.12.2019, seeking EOIs from prospective Resolution Applicants. The Adjudicating Authority excluded 50 days from the 270-day CIRP period on 09.02.2021. Indian Cable Net Company Ltd. filed an application (I.A. No. 221 of 2021) seeking time to submit a Resolution Plan, which was granted until 22.02.2021.
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Adjudicating Authority initiated Corporate…
Form-G was published seeking Expression of…
This case involves an appeal against the order dated 06.04.2022 passed by the National Company Law Tribunal (NCLT), Kolkata Bench, which allowed I.A. 356/KB/2021 filed by the Resolution Professional, praying for an order of liquidation of the Corporate Debtor, Manthan Broadband Services Pvt. Ltd., and rejected I.A.379/KB/2021 and I.A. 193/KB/2022, which sought permission for the Applicants to submit a Resolution Plan. The CIRP was initiated following an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by Alliance Broadband Services Pvt. Ltd. against the Corporate Debtor. The Adjudicating Authority initiated the CIRP on 18.09.2019. Several events occurred during the CIRP, including extensions of the CIRP period, publication of Form-G
…Alliance Broadband Services Pvt. Ltd. filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Manthan Broadband Services Pvt. Ltd., leading to the initiation of the Corporate Insolvency Resolution Process (CIRP) on 18.09.2019. Mr. Kuldeep Verma was appointed as the Resolution Professional. The Adjudicating Authority extended the CIRP period by 90 days beyond the initial 180 days, effective from 01.11.2020. Form-G was published on 15.12.2019, seeking EOIs from prospective Resolution Applicants. The Adjudicating Authority excluded 50 days from the 270-day CIRP period on 09.02.2021. Indian Cable Net Company Ltd. filed an application (I.A. No. 221 of 2021) seeking time to submit a Resolution Plan, which was granted until 22.02.2021.
…Adjudicating Authority initiated Corporate…
Form-G was published seeking Expression of…