The Resolution Professional filed an application to extend the time period for the Corporate Insolvency Resolution Process (CIRP) by 90 days beyond the initial 180 days. The CIRP was initiated after CP No. (IB)-473(PB)/2018 was admitted on 11.12.2018. The CoC, in its meeting on 04.06.2019, authorized the resolution professional to file the application for extension of time, aiming to encourage the prospective resolution applicant to comply with provisions like Section 25(2)(h) and 29A of the Insolvency and Bankruptcy Code, 2016.
The Oriental Bank of Commerce initiated Corporate Insolvency Resolution Process (CIRP) against M/s. Case Cold Roll Forming Ltd. The CIRP commenced after the admission of CP No. (IB)-473(PB)/2018 on 11.12.2018. The Resolution Professional filed an application seeking a 90-day extension beyond the initial 180-day period. The Committee of Creditors (CoC) supported the extension to allow the prospective resolution applicant to comply with Section 25(2)(h) and 29A of the Insolvency and Bankruptcy Code, 2016. The CoC meeting on 04.06.2019 authorized the resolution professional to file the extension application. The court considered the application, referencing an earlier order from the Appellate Tribunal. The resolution at agenda item no. 7 has been carried out by 100%
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CP No. (IB)-473(PB)/2018 was admitted, and the…
The Committee of Creditors (CoC) held a…
The Resolution Professional filed an application to extend the time period for the Corporate Insolvency Resolution Process (CIRP) by 90 days beyond the initial 180 days. The CIRP was initiated after CP No. (IB)-473(PB)/2018 was admitted on 11.12.2018. The CoC, in its meeting on 04.06.2019, authorized the resolution professional to file the application for extension of time, aiming to encourage the prospective resolution applicant to comply with provisions like Section 25(2)(h) and 29A of the Insolvency and Bankruptcy Code, 2016.
The Oriental Bank of Commerce initiated Corporate Insolvency Resolution Process (CIRP) against M/s. Case Cold Roll Forming Ltd. The CIRP commenced after the admission of CP No. (IB)-473(PB)/2018 on 11.12.2018. The Resolution Professional filed an application seeking a 90-day extension beyond the initial 180-day period. The Committee of Creditors (CoC) supported the extension to allow the prospective resolution applicant to comply with Section 25(2)(h) and 29A of the Insolvency and Bankruptcy Code, 2016. The CoC meeting on 04.06.2019 authorized the resolution professional to file the extension application. The court considered the application, referencing an earlier order from the Appellate Tribunal. The resolution at agenda item no. 7 has been carried out by 100%
…CP No. (IB)-473(PB)/2018 was admitted, and the…
The Committee of Creditors (CoC) held a…