The case involves an application (IA No.224/2020) filed by ANG Lifesciences (India) Limited, the Successful Resolution Applicant for M/s Mansa Print & Publishers Limited (Corporate Debtor), seeking to revise the payment schedule of the resolution plan approved by the Adjudicating Authority on 18.03.2020. The revision is sought due to the nationwide lockdown imposed by the Government of India because of the COVID-19 pandemic.
ANG Lifesciences (India) Limited, the Successful Resolution Applicant for M/s Mansa Print & Publishers Limited (Corporate Debtor), filed IA No.224/2020 seeking to revise the payment schedule of the resolution plan. The resolution plan was previously approved by the Adjudicating Authority on 18.03.2020. The reason for seeking revision was the nationwide lockdown imposed by the Government of India due to the COVID-19 pandemic, which disrupted the applicant's financial plans. The applicant sought exclusion of the lockdown period (25.03.2020 to 31.05.2020) from the payment schedule. The counsel for the respondent, Jalesh Kumar Grover, did not dispute the imposition of the lockdown. The applicant's counsel submitted that they have not filed any appeal against the orders
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The Adjudicating Authority approved the…
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The case involves an application (IA No.224/2020) filed by ANG Lifesciences (India) Limited, the Successful Resolution Applicant for M/s Mansa Print & Publishers Limited (Corporate Debtor), seeking to revise the payment schedule of the resolution plan approved by the Adjudicating Authority on 18.03.2020. The revision is sought due to the nationwide lockdown imposed by the Government of India because of the COVID-19 pandemic.
ANG Lifesciences (India) Limited, the Successful Resolution Applicant for M/s Mansa Print & Publishers Limited (Corporate Debtor), filed IA No.224/2020 seeking to revise the payment schedule of the resolution plan. The resolution plan was previously approved by the Adjudicating Authority on 18.03.2020. The reason for seeking revision was the nationwide lockdown imposed by the Government of India due to the COVID-19 pandemic, which disrupted the applicant's financial plans. The applicant sought exclusion of the lockdown period (25.03.2020 to 31.05.2020) from the payment schedule. The counsel for the respondent, Jalesh Kumar Grover, did not dispute the imposition of the lockdown. The applicant's counsel submitted that they have not filed any appeal against the orders
…The Adjudicating Authority approved the…
The Supreme Court of India issued an order…