The document pertains to an application (MA/880/2019) filed in CP/628/IB/2017, seeking an extension of 90 days for the Corporate Insolvency Resolution Process (CIRP) period. The application is based on the 3rd proviso to Section 12(3) of the Insolvency & Bankruptcy Code. The resolution plan has not been approved yet, but the Resolution Professional has identified two prospective Resolution Applicants.
An application (MA/880/2019) was filed in CP/628/IB/2017 seeking a 90-day extension of the CIRP period, based on the 3rd proviso to Section 12(3) of the Insolvency & Bankruptcy Code. The Resolution Plan has not been approved. The Resolution Professional has identified two prospective Resolution Applicants. The Resolution Professional has not received remuneration from the CoC for the last nine months. The relevance of these facts lies in the need to extend the CIRP to allow for a resolution plan to be finalized and to ensure the Resolution Professional is compensated for their work.
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Corporate Ins…
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The document pertains to an application (MA/880/2019) filed in CP/628/IB/2017, seeking an extension of 90 days for the Corporate Insolvency Resolution Process (CIRP) period. The application is based on the 3rd proviso to Section 12(3) of the Insolvency & Bankruptcy Code. The resolution plan has not been approved yet, but the Resolution Professional has identified two prospective Resolution Applicants.
An application (MA/880/2019) was filed in CP/628/IB/2017 seeking a 90-day extension of the CIRP period, based on the 3rd proviso to Section 12(3) of the Insolvency & Bankruptcy Code. The Resolution Plan has not been approved. The Resolution Professional has identified two prospective Resolution Applicants. The Resolution Professional has not received remuneration from the CoC for the last nine months. The relevance of these facts lies in the need to extend the CIRP to allow for a resolution plan to be finalized and to ensure the Resolution Professional is compensated for their work.
Corporate Ins…
Relevant date for…