The Resolution Professional filed an application seeking an extension of 90 days for the Corporate Insolvency Resolution Process (CIRP) for M/s. Forward Shoes (India) Private Limited. An initial 30-day extension had already been granted and expired. The Operational Creditor objected to this further extension.
The Resolution Professional (RP) filed an application, CA/41/IB/2017, in TCP/205/IB/CB/2017, seeking a further extension of 90 days for the Corporate Insolvency Resolution Process ( CIRP ) of M/s. Forward Shoes (India) Private Limited. This application was filed under Rule 11 of NCLT Rules, 2016, read with Sections 12, 14, 31, and 60 of the Insolvency and Bankruptcy Code, 2016. An initial extension of 30 days had already been granted by the Adjudicating Authority, effective from December 15, 2017, which had since expired. The RP submitted that a tentative Resolution Plan was in place, proposed by M/s. Acestar Properties Private Limited, a wholly-owned subsidiary of M/s. XS Real Properties Private Limited, interested in real estate development. This tentative plan was
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The Committee of Creditors (CoC) held its…
The Adjudicating Authority granted an initial…
The Resolution Professional filed an application seeking an extension of 90 days for the Corporate Insolvency Resolution Process (CIRP) for M/s. Forward Shoes (India) Private Limited. An initial 30-day extension had already been granted and expired. The Operational Creditor objected to this further extension.
The Resolution Professional (RP) filed an application, CA/41/IB/2017, in TCP/205/IB/CB/2017, seeking a further extension of 90 days for the Corporate Insolvency Resolution Process ( CIRP ) of M/s. Forward Shoes (India) Private Limited. This application was filed under Rule 11 of NCLT Rules, 2016, read with Sections 12, 14, 31, and 60 of the Insolvency and Bankruptcy Code, 2016. An initial extension of 30 days had already been granted by the Adjudicating Authority, effective from December 15, 2017, which had since expired. The RP submitted that a tentative Resolution Plan was in place, proposed by M/s. Acestar Properties Private Limited, a wholly-owned subsidiary of M/s. XS Real Properties Private Limited, interested in real estate development. This tentative plan was
…The Committee of Creditors (CoC) held its…
The Adjudicating Authority granted an initial…