The case involves an application seeking exclusion of time from the CIRP process. The resolution plan was received in relation to the corporate debtor. The CoC unanimously approved the moving of the application for exclusion of thirty days. The revised resolution plan was received on 11.06.2019.
IDBI Bank Ltd. filed an application under Section 7 of the Insolvency & Bankruptcy Code, 2016 (CIRP) against ACIL Ltd. The resolution professional (RP) sought exclusion of thirty days from the CIRP process, citing compelling circumstances. The CoC unanimously approved moving the application for exclusion of time in a meeting held on 03.06.2019. The RP stated that date-wise breakup commencing from 03.05.2019 to 11.06.2019 have been furnished. A revised resolution plan was received on 11.06.2019. The Tribunal considered the application and granted the exclusion of thirty days.
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Tribunal vide order…
Date wise breakup…
The case involves an application seeking exclusion of time from the CIRP process. The resolution plan was received in relation to the corporate debtor. The CoC unanimously approved the moving of the application for exclusion of thirty days. The revised resolution plan was received on 11.06.2019.
IDBI Bank Ltd. filed an application under Section 7 of the Insolvency & Bankruptcy Code, 2016 (CIRP) against ACIL Ltd. The resolution professional (RP) sought exclusion of thirty days from the CIRP process, citing compelling circumstances. The CoC unanimously approved moving the application for exclusion of time in a meeting held on 03.06.2019. The RP stated that date-wise breakup commencing from 03.05.2019 to 11.06.2019 have been furnished. A revised resolution plan was received on 11.06.2019. The Tribunal considered the application and granted the exclusion of thirty days.
Tribunal vide order…
Date wise breakup…