The Corporate Insolvency Resolution Process (CIRP) for M/s Indus Container Lines Pvt. Ltd. had expired on July 24, 2019. An application, IA No. 227/JPR/2019, was filed seeking an extension of the CIRP period. The next meeting of the Committee of Creditors (CoC) was scheduled for July 29, 2019. The CoC had approved the resolution for extension of the CIRP period at proposed resolution 10 with 88.61 per cent voting rights. The voting sheet and summary report of e-voting were annexed with the application. The list of CoC Members with their corresponding claim and e-voting sheet was on record. The Resolution Professional's counsel sought the court's indulgence, highlighting the urgency of the matter.

The Corporate Insolvency Resolution Process (CIRP) for M/s Indus Container Lines Pvt. Ltd. had expired on July 24, 2019. An application, IA No. 227/JPR/2019, was filed seeking an extension of the CIRP period. The next meeting of the Committee of Creditors (CoC) was scheduled for July 29, 2019. The CoC had approved the resolution for extension of the CIRP period at proposed resolution 10 with 88.61 per cent voting rights. The voting sheet and summary report of e-voting were annexed with the application. The list of CoC Members with their corresponding claim and e-voting sheet was on record. The Resolution Professional's counsel sought the court's indulgence, highlighting the urgency of the matter.