The document contains orders from the National Company Law Tribunal (NCLT), Mumbai Bench, regarding applications filed in connection with the Corporate Insolvency Resolution Process (CIRP) of Tulsi Extrusions Ltd. MA-3635/2019 concerns the Resolution Professional's request for payment of CIRP expenses by Allahabad Bank, a financial creditor. MA-3576/2019 is an application by the Resolution Professional for liquidation of Tulsi Extrusions Ltd. MA-2549/2019 involves Darshan Constructions seeking condonation of delay in filing its claim.
Tulsi Extrusions Ltd. underwent CIRP initiated by Punjab National Bank under Section 7 of the IBC. The Resolution Professional (RP) filed MA-3635/2019 seeking payment of CIRP expenses from Allahabad Bank, a financial creditor, who had delayed payment despite repeated requests. The RP also filed MA-3576/2019 seeking liquidation due to the failure of the CIRP to produce a resolution plan, despite multiple invitations for Expression of Interest. Darshan Constructions filed MA-2549/2019 seeking condonation of a two-day delay in filing its claim. The Corporate Debtor was placed under CIRP vide order dated 20.12.2018. The CIRP ended on 24.09.2019 without any resolution plan.
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The document contains orders from the National Company Law Tribunal (NCLT), Mumbai Bench, regarding applications filed in connection with the Corporate Insolvency Resolution Process (CIRP) of Tulsi Extrusions Ltd. MA-3635/2019 concerns the Resolution Professional's request for payment of CIRP expenses by Allahabad Bank, a financial creditor. MA-3576/2019 is an application by the Resolution Professional for liquidation of Tulsi Extrusions Ltd. MA-2549/2019 involves Darshan Constructions seeking condonation of delay in filing its claim.
Tulsi Extrusions Ltd. underwent CIRP initiated by Punjab National Bank under Section 7 of the IBC. The Resolution Professional (RP) filed MA-3635/2019 seeking payment of CIRP expenses from Allahabad Bank, a financial creditor, who had delayed payment despite repeated requests. The RP also filed MA-3576/2019 seeking liquidation due to the failure of the CIRP to produce a resolution plan, despite multiple invitations for Expression of Interest. Darshan Constructions filed MA-2549/2019 seeking condonation of a two-day delay in filing its claim. The Corporate Debtor was placed under CIRP vide order dated 20.12.2018. The CIRP ended on 24.09.2019 without any resolution plan.
Corporate Deb…
IRP was ap…
Sign in to view related legal provisions.