The Bank of India initiated a Corporate Insolvency Resolution Process (CIRP) against M P Agro BRK Energy Foods Ltd. An application, IA 249/2019, was filed for an early hearing. The petitioner's lawyer stated that no settlement had been finalized by the BOI. The Corporate Debtor's lawyer claimed that the Corporate Debtor was making sincere efforts for settlement. The court observed that indefinite adjournments on the pretext of settlement could not be granted. The Corporate Debtor was given a final opportunity to file its objection within two weeks, irrespective of settlement.

The Bank of India initiated a Corporate Insolvency Resolution Process (CIRP) against M P Agro BRK Energy Foods Ltd. An application, IA 249/2019, was filed for an early hearing. The petitioner's lawyer stated that no settlement had been finalized by the BOI. The Corporate Debtor's lawyer claimed that the Corporate Debtor was making sincere efforts for settlement. The court observed that indefinite adjournments on the pretext of settlement could not be granted. The Corporate Debtor was given a final opportunity to file its objection within two weeks, irrespective of settlement.