The case involves an application for the initiation of Corporate Insolvency Resolution Process (CIRP) under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016. The application was filed against Bharat NRE Coke Limited, the Corporate Debtor, by Jindal Steel and Power Limited, the Financial Creditor. The Resolution Professional (RP), Mr. Samir Kumar Bhattacharyya, filed an application under Section 12(2) of the IBC seeking exclusion of 60 days from the CIRP period, arguing that these days were wasted due to pending legal proceedings. The Corporate Debtor was admitted into CIRP on 2019-03-11. The CIRP period of 180 days was completed on 2019-09-06. The CIRP
…Jindal Steel and Power Limited initiated Corporate Insolvency Resolution Process (CIRP) against Bharat NRE Coke Limited under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The Corporate Debtor was admitted into CIRP on 2019-03-11. The Resolution Professional (RP), Mr. Samir Kumar Bhattacharyya, filed an application seeking exclusion of 60 days from the CIRP period, citing delays due to pending legal proceedings. The CIRP period of 180 days completed on 2019-09-06. The CIRP period was extended for 90 days and CIRP of 270 days completed on 2019-12-05. The RP and the CoC did not receive any resolution plan for the Corporate Debtor till date. An appeal against the admission of the Corporate Debtor in CIRP was pending before the NCLAT. The Appellate Tribunal
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The Corporate Debtor…
CIRP period of…
The case involves an application for the initiation of Corporate Insolvency Resolution Process (CIRP) under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016. The application was filed against Bharat NRE Coke Limited, the Corporate Debtor, by Jindal Steel and Power Limited, the Financial Creditor. The Resolution Professional (RP), Mr. Samir Kumar Bhattacharyya, filed an application under Section 12(2) of the IBC seeking exclusion of 60 days from the CIRP period, arguing that these days were wasted due to pending legal proceedings. The Corporate Debtor was admitted into CIRP on 2019-03-11. The CIRP period of 180 days was completed on 2019-09-06. The CIRP
…Jindal Steel and Power Limited initiated Corporate Insolvency Resolution Process (CIRP) against Bharat NRE Coke Limited under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The Corporate Debtor was admitted into CIRP on 2019-03-11. The Resolution Professional (RP), Mr. Samir Kumar Bhattacharyya, filed an application seeking exclusion of 60 days from the CIRP period, citing delays due to pending legal proceedings. The CIRP period of 180 days completed on 2019-09-06. The CIRP period was extended for 90 days and CIRP of 270 days completed on 2019-12-05. The RP and the CoC did not receive any resolution plan for the Corporate Debtor till date. An appeal against the admission of the Corporate Debtor in CIRP was pending before the NCLAT. The Appellate Tribunal
…The Corporate Debtor…
CIRP period of…