The 'Resolution Professional’ of ‘Dighi Port Limited' filed a Miscellaneous Application before the Adjudicating Authority (National Company Law Tribunal), Mumbai Bench seeking excluding the period from the date of pronouncement of the order and communication of the order to the Interim Resolution Professional' (IRP) i.e. from 25th March, 2018 to 6th April, 2018 for calculating the total period of 270 days of ‘corporate insolvency resolution process'. The Adjudicating Authority noticed that the petition under Section 9 preferred by the ‘DBM Geotechnics & Constructions Ltd.' (Operational Creditor) was admitted on 25th March, 2018 and certified copy of the order was issued on 6th April, 2018. The appellant challenged the impugned order dated 26th October, 2018 insofar
…The Resolution Professional of Dighi Port Limited filed an application to exclude a period from the corporate insolvency resolution process timeline. The Adjudicating Authority had admitted a Section 9 petition by DBM Geotechnics & Constructions Ltd. (Operational Creditor) on March 25, 2018. The appellant, Shailen Shah, was appointed as Resolution Professional on June 15, 2018, replacing Purnima Dhiraj Shetty. The appellant challenged the order dated October 26, 2018, regarding the exclusion of a period from June 15, 2018, to August 16, 2018. The Committee of Creditors had recommended the appointment of the appellant due to the previous Resolution Professional's inaction. The Adjudicating Authority approved the appointment on August 6, 2018, and the appellant took
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The 'Resolution Professional’ of ‘Dighi Port…
The Adjudicating Authority noticed that the…
The 'Resolution Professional’ of ‘Dighi Port Limited' filed a Miscellaneous Application before the Adjudicating Authority (National Company Law Tribunal), Mumbai Bench seeking excluding the period from the date of pronouncement of the order and communication of the order to the Interim Resolution Professional' (IRP) i.e. from 25th March, 2018 to 6th April, 2018 for calculating the total period of 270 days of ‘corporate insolvency resolution process'. The Adjudicating Authority noticed that the petition under Section 9 preferred by the ‘DBM Geotechnics & Constructions Ltd.' (Operational Creditor) was admitted on 25th March, 2018 and certified copy of the order was issued on 6th April, 2018. The appellant challenged the impugned order dated 26th October, 2018 insofar
…The Resolution Professional of Dighi Port Limited filed an application to exclude a period from the corporate insolvency resolution process timeline. The Adjudicating Authority had admitted a Section 9 petition by DBM Geotechnics & Constructions Ltd. (Operational Creditor) on March 25, 2018. The appellant, Shailen Shah, was appointed as Resolution Professional on June 15, 2018, replacing Purnima Dhiraj Shetty. The appellant challenged the order dated October 26, 2018, regarding the exclusion of a period from June 15, 2018, to August 16, 2018. The Committee of Creditors had recommended the appointment of the appellant due to the previous Resolution Professional's inaction. The Adjudicating Authority approved the appointment on August 6, 2018, and the appellant took
…The 'Resolution Professional’ of ‘Dighi Port…
The Adjudicating Authority noticed that the…