Alchemist Asset Reconstruction Co. Pvt. Ltd. filed an application seeking an extension of the CIRP period by 90 days. The CIRP period was set to expire on 2019-06-17. The resolution professional (RP) stated that the date for receiving the resolution plan was up to 2019-06-13, and additional time was needed to consider the resolution plan. The CoC, comprising Alchemist Asset Reconstruction Co. Pvt. Ltd. as the sole member, considered the extension in its 6th meeting. The agenda for the extension was approved by 100% voting.
Alchemist Asset Reconstruction Co. Pvt. Ltd. initiated CIRP against Monet Exports Pvt. Ltd. The CIRP period was expiring on 2019-06-17. The RP filed an application (CA-1006(PB)/2019) seeking a 90-day extension of the CIRP period. The date for receiving the resolution plan was 2019-06-13. The CoC, comprising Alchemist Asset Reconstruction Co. Pvt. Ltd. as the sole member, approved the extension with 100% voting in its 6th meeting. The minutes of the 6th CoC meeting held on 2019-05-13 were also annexed. The court considered the documents and submissions made by the counsel.
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The 6th CoC meeting was…
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Alchemist Asset Reconstruction Co. Pvt. Ltd. filed an application seeking an extension of the CIRP period by 90 days. The CIRP period was set to expire on 2019-06-17. The resolution professional (RP) stated that the date for receiving the resolution plan was up to 2019-06-13, and additional time was needed to consider the resolution plan. The CoC, comprising Alchemist Asset Reconstruction Co. Pvt. Ltd. as the sole member, considered the extension in its 6th meeting. The agenda for the extension was approved by 100% voting.
Alchemist Asset Reconstruction Co. Pvt. Ltd. initiated CIRP against Monet Exports Pvt. Ltd. The CIRP period was expiring on 2019-06-17. The RP filed an application (CA-1006(PB)/2019) seeking a 90-day extension of the CIRP period. The date for receiving the resolution plan was 2019-06-13. The CoC, comprising Alchemist Asset Reconstruction Co. Pvt. Ltd. as the sole member, approved the extension with 100% voting in its 6th meeting. The minutes of the 6th CoC meeting held on 2019-05-13 were also annexed. The court considered the documents and submissions made by the counsel.
The 6th CoC meeting was…
The order was…