The Resolution Professional filed an application seeking an extension of the Corporate Insolvency Resolution Process (CIRP) period for the Corporate Debtor. The application was filed after the Committee of Creditors (CoC) approved a 90-day extension, but the Tribunal had not granted any extension beyond the initial 180 days.
The Corporate Insolvency Resolution Process ( CIRP ) was initiated against M/s. Core Indo Ispat Private Limited by an order dated October 4, 2019. Mr. Ramachandran Subramaniam was initially appointed as the Interim Resolution Professional and subsequently confirmed as the Resolution Professional in the first Committee of Creditors (CoC) meeting held on November 2, 2019. The CIRP was set to expire on March 31, 2020, after 180 days. At the 4th CoC meeting on March 9, 2020, the members unanimously voted to extend the CIRP for an additional 90 days from March 31, 2020. Following this approval, the Resolution Professional filed an application on March 11, 2020, seeking the Tribunal's approval for this extension. The application was filed before the initial CIRP period
…Sign in to view the parties.
Corporate Insolvency Resolution Process (CIRP)…
Applicant appointed as…
The Resolution Professional filed an application seeking an extension of the Corporate Insolvency Resolution Process (CIRP) period for the Corporate Debtor. The application was filed after the Committee of Creditors (CoC) approved a 90-day extension, but the Tribunal had not granted any extension beyond the initial 180 days.
The Corporate Insolvency Resolution Process ( CIRP ) was initiated against M/s. Core Indo Ispat Private Limited by an order dated October 4, 2019. Mr. Ramachandran Subramaniam was initially appointed as the Interim Resolution Professional and subsequently confirmed as the Resolution Professional in the first Committee of Creditors (CoC) meeting held on November 2, 2019. The CIRP was set to expire on March 31, 2020, after 180 days. At the 4th CoC meeting on March 9, 2020, the members unanimously voted to extend the CIRP for an additional 90 days from March 31, 2020. Following this approval, the Resolution Professional filed an application on March 11, 2020, seeking the Tribunal's approval for this extension. The application was filed before the initial CIRP period
…Corporate Insolvency Resolution Process (CIRP)…
Applicant appointed as…