The case pertains to an application filed by the Liquidator under Regulation 44(2) read with 47A of the IBBI (Liquidation Process) Regulations, 2016, and Rule 11 of the NCLT Rules, 2016, seeking appropriate directions. The Applicant prayed for exclusion of the lockdown period imposed by the Govt of NCT Delhi from 20.04.2021 to 06.06.2021 (48 days) from the computation of the liquidation period and also prayed for an extension of the liquidation period for one year as laid down under 44(2) of the Liquidation Process Regulations, 2016.
Flexituff Ventures International Ltd is the Operational Creditor, and Trend Flooring (P) Ltd is the Respondent. An application (IA-3781/2021) was filed by the Liquidator seeking exclusion of the lockdown period (20.04.2021 to 06.06.2021) imposed by the Delhi government from the computation of the liquidation period. The Liquidator also sought an extension of the liquidation period for one year. The court considered these requests in light of Regulation 44(2) read with 47A of the IBBI (Liquidation Process) Regulations, 2016, and Rule 11 of the NCLT Rules, 2016.
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Government of N…
Government of N…
The case pertains to an application filed by the Liquidator under Regulation 44(2) read with 47A of the IBBI (Liquidation Process) Regulations, 2016, and Rule 11 of the NCLT Rules, 2016, seeking appropriate directions. The Applicant prayed for exclusion of the lockdown period imposed by the Govt of NCT Delhi from 20.04.2021 to 06.06.2021 (48 days) from the computation of the liquidation period and also prayed for an extension of the liquidation period for one year as laid down under 44(2) of the Liquidation Process Regulations, 2016.
Flexituff Ventures International Ltd is the Operational Creditor, and Trend Flooring (P) Ltd is the Respondent. An application (IA-3781/2021) was filed by the Liquidator seeking exclusion of the lockdown period (20.04.2021 to 06.06.2021) imposed by the Delhi government from the computation of the liquidation period. The Liquidator also sought an extension of the liquidation period for one year. The court considered these requests in light of Regulation 44(2) read with 47A of the IBBI (Liquidation Process) Regulations, 2016, and Rule 11 of the NCLT Rules, 2016.
Government of N…
Government of N…