The Resolution Professional (RP) for Shri Aster Silicates Ltd. filed an application (IA No. 215/2019) seeking an extension of time for the Corporate Insolvency Resolution Process (CIRP) beyond the initial 180 days. The statutory period of 180 days was set to expire on 2019-04-19, and the application was filed on 2019-04-10. The Committee of Creditors (COC) had authorized the RP to seek this extension in its 4th meeting held on 2019-03-27, as reflected in the minutes of the meeting. The COC voted in favor of the extension of the CIRP period for a further 90 days beyond the initial 180 days with 100% voting. The application was filed under Section 12(2) of the Insolvency and Bankruptcy Code.

The Resolution Professional (RP) for Shri Aster Silicates Ltd. filed an application (IA No. 215/2019) seeking an extension of time for the Corporate Insolvency Resolution Process (CIRP) beyond the initial 180 days. The statutory period of 180 days was set to expire on 2019-04-19, and the application was filed on 2019-04-10. The Committee of Creditors (COC) had authorized the RP to seek this extension in its 4th meeting held on 2019-03-27, as reflected in the minutes of the meeting. The COC voted in favor of the extension of the CIRP period for a further 90 days beyond the initial 180 days with 100% voting. The application was filed under Section 12(2) of the Insolvency and Bankruptcy Code.