The case involves an application for exclusion of time period, extension of CIRP, and re-run of the process under Section 60(5) read with Section 12 of the IBC and Regulation 40 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (CIRP Regulations).
CIRP against Wind World (India) Limited was initiated on 20.02.2018 by IDBI Bank under Section 7 of the IBC.
The initial statutory period of 180 days for CIRP completion commenced on 20.02.2018 and expired on 19.08.2018.
The resolution plan submitted by Suraksha Consortium was approved by 69.87% of the CoC members on 16.11.2018.
The Adjudicating Authority directed the CoC to revisit the Resolution Plan on 03.12.2019.
The Suraksha Consortium filed IA No. 439 of 2020 for withdrawal of the Resolution Plan, which was initially allowed but later set aside by NCLAT.
The Adjudicating Authority rejected the Resolution Plans on 24.08.2022.
The CoC resolved to withdraw Company Appeal (AT)(Insolvency) No. 1191 of 2022 on 30.08.2025.
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CIRP initiated against…
Initial statutory…
The case involves an application for exclusion of time period, extension of CIRP, and re-run of the process under Section 60(5) read with Section 12 of the IBC and Regulation 40 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (CIRP Regulations).
CIRP against Wind World (India) Limited was initiated on 20.02.2018 by IDBI Bank under Section 7 of the IBC.
The initial statutory period of 180 days for CIRP completion commenced on 20.02.2018 and expired on 19.08.2018.
The resolution plan submitted by Suraksha Consortium was approved by 69.87% of the CoC members on 16.11.2018.
The Adjudicating Authority directed the CoC to revisit the Resolution Plan on 03.12.2019.
The Suraksha Consortium filed IA No. 439 of 2020 for withdrawal of the Resolution Plan, which was initially allowed but later set aside by NCLAT.
The Adjudicating Authority rejected the Resolution Plans on 24.08.2022.
The CoC resolved to withdraw Company Appeal (AT)(Insolvency) No. 1191 of 2022 on 30.08.2025.
…CIRP initiated against…
Initial statutory…