The case pertains to I.A.No.43/2019 in C.P.(IB).04/GB/2018, initiated under Section 7 of the Insolvency & Bankruptcy Code, 2016, read with Rule 4 of the Insolvency & Bankruptcy (Application to Adjudicating) Authority Rules, 2016. Bank of India is the financial creditor, and M/s Maxim Infrastructure & Real Estate Ltd. is the corporate debtor. H.M. Cements Pvt. Ltd. is the resolution applicant, with Mr. Kamalesh Kumar Singhania as the RP of Maxim Infrastructure and Real Estate Pvt. Ltd. The learned counsel for the applicant appeared, and the proxy counsel for the RP requested time for submissions.
Bank of India initiated insolvency proceedings against M/s Maxim Infrastructure & Real Estate Ltd. under Section 7 of the Insolvency & Bankruptcy Code, 2016. H.M. Cements Pvt. Ltd. is the resolution applicant. The Resolution Professional (RP), Mr. Kamalesh Kumar Singhania, requested additional time to submit the learned RP. The applicant was required to submit a revised resolution plan, and the current day was the deadline for submission. The court considered the request for time and the deadline for the resolution plan submission.
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The case pertains to I.A.No.43/2019 in C.P.(IB).04/GB/2018, initiated under Section 7 of the Insolvency & Bankruptcy Code, 2016, read with Rule 4 of the Insolvency & Bankruptcy (Application to Adjudicating) Authority Rules, 2016. Bank of India is the financial creditor, and M/s Maxim Infrastructure & Real Estate Ltd. is the corporate debtor. H.M. Cements Pvt. Ltd. is the resolution applicant, with Mr. Kamalesh Kumar Singhania as the RP of Maxim Infrastructure and Real Estate Pvt. Ltd. The learned counsel for the applicant appeared, and the proxy counsel for the RP requested time for submissions.
Bank of India initiated insolvency proceedings against M/s Maxim Infrastructure & Real Estate Ltd. under Section 7 of the Insolvency & Bankruptcy Code, 2016. H.M. Cements Pvt. Ltd. is the resolution applicant. The Resolution Professional (RP), Mr. Kamalesh Kumar Singhania, requested additional time to submit the learned RP. The applicant was required to submit a revised resolution plan, and the current day was the deadline for submission. The court considered the request for time and the deadline for the resolution plan submission.
C.P.(IB).04/GB/…
The order was i…
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