The Resolution Professional (RP) filed IA-2753/2021 seeking an extension of time for the Corporate Insolvency Resolution Process (CIRP) from 25.11.2021 to 25.12.2021. The CIRP of the Corporate Debtor was initiated on 30.08.2018. On 26.02.2020, the Bench allowed the consolidation of wholly-owned subsidiary companies of the Corporate Debtor and granted an initial period of 60 days for the completion of the CIRP of the Consolidated Corporate Debtor. On 13.05.2021, a second consolidation of the Corporate Debtor Company was allowed, with an initial period of 90 days for completion of the CIRP of the Consolidated Corporate Debtor. The applicant had previously filed IA-1852/2021 seeking an extension of the CIRP, and the Bench allowed a further extension of 60 days on
…The Corporate Insolvency Resolution Process (CIRP) of the Corporate Debtor was initiated on 30.08.2018. The NCLT allowed the consolidation of wholly-owned subsidiary companies of the Corporate Debtor on 26.02.2020, granting an initial period of 60 days for the completion of the CIRP of the Consolidated Corporate Debtor. A second consolidation of the Corporate Debtor Company was allowed on 13.05.2021, with an initial period of 90 days for completion of the CIRP of the Consolidated Corporate Debtor. The Resolution Professional (RP) filed IA-2753/2021 seeking a further extension of time for the CIRP from 25.11.2021 to 25.12.2021. The Committee of Creditors (CoC) informed the RP on 18.11.2021 that they needed additional time to consider the resolution plans received. The
…Sign in to view the parties.
CIRP of the Co…
Bench allowed the Consolidation on wholly…
The Resolution Professional (RP) filed IA-2753/2021 seeking an extension of time for the Corporate Insolvency Resolution Process (CIRP) from 25.11.2021 to 25.12.2021. The CIRP of the Corporate Debtor was initiated on 30.08.2018. On 26.02.2020, the Bench allowed the consolidation of wholly-owned subsidiary companies of the Corporate Debtor and granted an initial period of 60 days for the completion of the CIRP of the Consolidated Corporate Debtor. On 13.05.2021, a second consolidation of the Corporate Debtor Company was allowed, with an initial period of 90 days for completion of the CIRP of the Consolidated Corporate Debtor. The applicant had previously filed IA-1852/2021 seeking an extension of the CIRP, and the Bench allowed a further extension of 60 days on
…The Corporate Insolvency Resolution Process (CIRP) of the Corporate Debtor was initiated on 30.08.2018. The NCLT allowed the consolidation of wholly-owned subsidiary companies of the Corporate Debtor on 26.02.2020, granting an initial period of 60 days for the completion of the CIRP of the Consolidated Corporate Debtor. A second consolidation of the Corporate Debtor Company was allowed on 13.05.2021, with an initial period of 90 days for completion of the CIRP of the Consolidated Corporate Debtor. The Resolution Professional (RP) filed IA-2753/2021 seeking a further extension of time for the CIRP from 25.11.2021 to 25.12.2021. The Committee of Creditors (CoC) informed the RP on 18.11.2021 that they needed additional time to consider the resolution plans received. The
…CIRP of the Co…
Bench allowed the Consolidation on wholly…