The case involves an appeal where M.A. No. 227/2018 and M.A. No. 350 of 2018 in CP. No. (IB) 1058(MB)/2017 were heard and reserved for orders on 4th March, 2019. The constitution of the Bench changed, and the matter was released and placed before the reconstituted Bench. There was no progress in the matter, and the application of the Resolution Professional, M.A. No. 350 of 2018, praying for liquidation of the Corporate Debtor, was being adjourned from time to time.
Unity Infraprojects Ltd. filed an appeal related to insolvency proceedings. M.A. No. 227/2018 and M.A. No. 350 of 2018 in CP. No. (IB) 1058(MB)/2017 were previously heard and reserved for orders on March 4, 2019. The bench was reconstituted, and the matter was placed before the new bench. The Resolution Professional's application, M.A. No. 350 of 2018, sought liquidation of the Corporate Debtor but was repeatedly adjourned. A previous order on February 12, 2020, directed listing the matter on March 26, 2020, but it was not considered. The court considered the I&B Code provisions, timelines, and Covid-19 lockdown hardships.
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M.A. No. 227/2018 and M.A. No. 350 of 2018 in…
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The case involves an appeal where M.A. No. 227/2018 and M.A. No. 350 of 2018 in CP. No. (IB) 1058(MB)/2017 were heard and reserved for orders on 4th March, 2019. The constitution of the Bench changed, and the matter was released and placed before the reconstituted Bench. There was no progress in the matter, and the application of the Resolution Professional, M.A. No. 350 of 2018, praying for liquidation of the Corporate Debtor, was being adjourned from time to time.
Unity Infraprojects Ltd. filed an appeal related to insolvency proceedings. M.A. No. 227/2018 and M.A. No. 350 of 2018 in CP. No. (IB) 1058(MB)/2017 were previously heard and reserved for orders on March 4, 2019. The bench was reconstituted, and the matter was placed before the new bench. The Resolution Professional's application, M.A. No. 350 of 2018, sought liquidation of the Corporate Debtor but was repeatedly adjourned. A previous order on February 12, 2020, directed listing the matter on March 26, 2020, but it was not considered. The court considered the I&B Code provisions, timelines, and Covid-19 lockdown hardships.
M.A. No. 227/2018 and M.A. No. 350 of 2018 in…
Previous order passed…
Sign in to view related legal provisions.