The document contains orders from the National Company Law Tribunal (NCLT), Mumbai Bench, regarding two Interlocutory Applications (IAs) filed in connection with a Corporate Insolvency Resolution Process (CIRP). Both IAs relate to the case between M/S. Augusta Consultants and Advisors Pvt. Ltd. and Maitreyi Capital Advisors P. Ltd. IA 2570/2021 sought an extension of 90 days to complete the CIRP, while IA 2569/2021 requested exclusion of time from 25.03.2020 to 02.10.2021 due to the Covid-19 pandemic's impact on the CIRP.
M/S. Augusta Consultants and Advisors Pvt. Ltd. initiated a Corporate Insolvency Resolution Process (CIRP) against Maitreyi Capital Advisors P. Ltd. Two Interlocutory Applications (IAs) were filed in connection with this CIRP. IA 2570/2021 was filed by the Resolution Professional seeking a 90-day extension to complete the CIRP. IA 2569/2021 was filed by the Resolution Professional seeking exclusion of time from 25.03.2020 to 02.10.2021 due to the impact of the Covid-19 pandemic on the CIRP. The Resolution Professional argued that the pandemic disrupted the CIRP, necessitating the exclusion of time to ensure fair completion. The NCLT considered the submissions of the Counsel appearing for the Resolution Professional and the records presented.
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The document contains orders from the National Company Law Tribunal (NCLT), Mumbai Bench, regarding two Interlocutory Applications (IAs) filed in connection with a Corporate Insolvency Resolution Process (CIRP). Both IAs relate to the case between M/S. Augusta Consultants and Advisors Pvt. Ltd. and Maitreyi Capital Advisors P. Ltd. IA 2570/2021 sought an extension of 90 days to complete the CIRP, while IA 2569/2021 requested exclusion of time from 25.03.2020 to 02.10.2021 due to the Covid-19 pandemic's impact on the CIRP.
M/S. Augusta Consultants and Advisors Pvt. Ltd. initiated a Corporate Insolvency Resolution Process (CIRP) against Maitreyi Capital Advisors P. Ltd. Two Interlocutory Applications (IAs) were filed in connection with this CIRP. IA 2570/2021 was filed by the Resolution Professional seeking a 90-day extension to complete the CIRP. IA 2569/2021 was filed by the Resolution Professional seeking exclusion of time from 25.03.2020 to 02.10.2021 due to the impact of the Covid-19 pandemic on the CIRP. The Resolution Professional argued that the pandemic disrupted the CIRP, necessitating the exclusion of time to ensure fair completion. The NCLT considered the submissions of the Counsel appearing for the Resolution Professional and the records presented.
Start date for the exclusion of time sought due…
End date for the exclusion of time sought due…