The appeal was filed seeking directions for the NCLT to expeditiously dispose of IA No. 2301/2023, related to liquidation application under Section 33(1)(a) of IBC, which has been pending for over two years.
The Corporate Insolvency Resolution Process (CIRP) commenced on the application filed by the operational creditor/R-1.
No resolution plan was approved even after the expiry of 180 days, leading to the filing of a liquidation application under Section 33(1)(a) of the IBC.
I.A. No. 2301/2023, the liquidation application, has been pending for more than two years.
I.A. No. 3311/2023, filed for dismissal of the IBC proceedings by a member of the Suspended Management, was heard on 07.07.2025.
The CIRP was admitted in 2022 based on an application filed in 2020, and the proceedings are still pending.
The appellant had previously filed Comp. App. (AT) (Ins.) No. 1521/2024, which was disposed of with a direction to the adjudicating authority to expedite the matter.
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Application f…
CIRP was admi…
The appeal was filed seeking directions for the NCLT to expeditiously dispose of IA No. 2301/2023, related to liquidation application under Section 33(1)(a) of IBC, which has been pending for over two years.
The Corporate Insolvency Resolution Process (CIRP) commenced on the application filed by the operational creditor/R-1.
No resolution plan was approved even after the expiry of 180 days, leading to the filing of a liquidation application under Section 33(1)(a) of the IBC.
I.A. No. 2301/2023, the liquidation application, has been pending for more than two years.
I.A. No. 3311/2023, filed for dismissal of the IBC proceedings by a member of the Suspended Management, was heard on 07.07.2025.
The CIRP was admitted in 2022 based on an application filed in 2020, and the proceedings are still pending.
The appellant had previously filed Comp. App. (AT) (Ins.) No. 1521/2024, which was disposed of with a direction to the adjudicating authority to expedite the matter.
…Application f…
CIRP was admi…