The case involves a CA 1119/2019 filed under Section 60(5) by the Resolution Applicant seeking directions to the Resolution Professional (RP) to provide the information memorandum and to entertain the resolution plan. The Resolution Applicant states that the 270-day period, after excluding certain periods granted by the Bench, will expire on September 20, 2019.
CA 1119/2019 was filed by the Resolution Applicant under Section 60(5) seeking directions to the RP to provide the information memorandum and entertain the resolution plan. The 270-day period for the resolution process was set to expire on September 20, 2019. The Resolution Applicant requested that their proposal be considered before the next COC meeting. The court noted that no plan had been approved yet and granted permission for the resolution process to consider the best deal. The COC date was to be communicated to the Resolution Applicant. The additional 90-day period commenced on August 16, 2019, and the 330 days expire around November 15, 2019.
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The additional 90-day…
Hearing before the New…
The case involves a CA 1119/2019 filed under Section 60(5) by the Resolution Applicant seeking directions to the Resolution Professional (RP) to provide the information memorandum and to entertain the resolution plan. The Resolution Applicant states that the 270-day period, after excluding certain periods granted by the Bench, will expire on September 20, 2019.
CA 1119/2019 was filed by the Resolution Applicant under Section 60(5) seeking directions to the RP to provide the information memorandum and entertain the resolution plan. The 270-day period for the resolution process was set to expire on September 20, 2019. The Resolution Applicant requested that their proposal be considered before the next COC meeting. The court noted that no plan had been approved yet and granted permission for the resolution process to consider the best deal. The COC date was to be communicated to the Resolution Applicant. The additional 90-day period commenced on August 16, 2019, and the 330 days expire around November 15, 2019.
The additional 90-day…
Hearing before the New…