The document contains orders from the National Company Law Tribunal (NCLT), Mumbai Bench, regarding applications related to the Corporate Insolvency Resolution Process (CIRP) of Tulsi Extrusions Ltd. MA-3635/2019 concerns the payment of CIRP expenses to the Resolution Professional (RP) by Allahabad Bank, a financial creditor. MA-3576/2019 is an application filed by the RP for the liquidation of Tulsi Extrusions Ltd. MA-2549/2019 involves Darshan Constructions seeking condonation of delay in filing its claim with the RP.
Tulsi Extrusions Ltd. was undergoing CIRP. The RP filed MA-3635/2019 seeking payment of CIRP expenses from Allahabad Bank, a financial creditor. The RP had repeatedly requested payment, but Allahabad Bank did not respond. The Corporate Debtor was placed under CIRP vide order dated 20.12.2018, on an Application filed u/s- 7 of the IBC by Punjab National Bank. The RP also filed MA-3576/2019 seeking liquidation of Tulsi Extrusions Ltd. because no resolution plan was submitted despite multiple invitations for Expression of Interest. The CIRP period was extended but ultimately ended without a resolution plan. The CoC voted in favor of liquidation. Darshan Constructions filed MA-2549/2019 seeking condonation of delay in filing its claim with the RP. Allahabad Bank had
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Corporate Deb…
IRP was ap…
The document contains orders from the National Company Law Tribunal (NCLT), Mumbai Bench, regarding applications related to the Corporate Insolvency Resolution Process (CIRP) of Tulsi Extrusions Ltd. MA-3635/2019 concerns the payment of CIRP expenses to the Resolution Professional (RP) by Allahabad Bank, a financial creditor. MA-3576/2019 is an application filed by the RP for the liquidation of Tulsi Extrusions Ltd. MA-2549/2019 involves Darshan Constructions seeking condonation of delay in filing its claim with the RP.
Tulsi Extrusions Ltd. was undergoing CIRP. The RP filed MA-3635/2019 seeking payment of CIRP expenses from Allahabad Bank, a financial creditor. The RP had repeatedly requested payment, but Allahabad Bank did not respond. The Corporate Debtor was placed under CIRP vide order dated 20.12.2018, on an Application filed u/s- 7 of the IBC by Punjab National Bank. The RP also filed MA-3576/2019 seeking liquidation of Tulsi Extrusions Ltd. because no resolution plan was submitted despite multiple invitations for Expression of Interest. The CIRP period was extended but ultimately ended without a resolution plan. The CoC voted in favor of liquidation. Darshan Constructions filed MA-2549/2019 seeking condonation of delay in filing its claim with the RP. Allahabad Bank had
…Corporate Deb…
IRP was ap…