The case involves an application (IA 737/2020) filed in C.P.(IB) 1587/(MB)/2019 before the National Company Law Tribunal (NCLT), Mumbai Bench. The application was filed by the Resolution Professional (RP) seeking an extension of the Corporate Insolvency Resolution Process (CIRP) period under Section 12 of the Insolvency and Bankruptcy Code (IBC), 2016.
The Resolution Professional (RP) filed an application (IA 737/2020) in C.P.(IB) 1587/(MB)/2019 seeking an extension of the Corporate Insolvency Resolution Process (CIRP) period. The application was filed under Section 12 of the Insolvency and Bankruptcy Code (IBC), 2016. The request for extension was supported by a resolution passed by the Committee of Creditors (CoC) with a 100% vote share in a meeting held on February 15, 2020. The initial CIRP period was set to end on March 21, 2020, and the RP requested a 90-day extension. The NCLT considered the application and the submissions made by the applicant's counsel.
Sign in to view the parties.
The Committee of Creditors (CoC) held a meeting…
Order sheet of the…
The case involves an application (IA 737/2020) filed in C.P.(IB) 1587/(MB)/2019 before the National Company Law Tribunal (NCLT), Mumbai Bench. The application was filed by the Resolution Professional (RP) seeking an extension of the Corporate Insolvency Resolution Process (CIRP) period under Section 12 of the Insolvency and Bankruptcy Code (IBC), 2016.
The Resolution Professional (RP) filed an application (IA 737/2020) in C.P.(IB) 1587/(MB)/2019 seeking an extension of the Corporate Insolvency Resolution Process (CIRP) period. The application was filed under Section 12 of the Insolvency and Bankruptcy Code (IBC), 2016. The request for extension was supported by a resolution passed by the Committee of Creditors (CoC) with a 100% vote share in a meeting held on February 15, 2020. The initial CIRP period was set to end on March 21, 2020, and the RP requested a 90-day extension. The NCLT considered the application and the submissions made by the applicant's counsel.
The Committee of Creditors (CoC) held a meeting…
Order sheet of the…