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 payment of CIRP expenses by Allahabad Bank to the Resolution Professional (RP). MA-3576/2019 is an application by the RP for the liquidation of Tulsi Extrusions Ltd. MA-2549/2019 involves Darshan Constructions seeking condonation of delay in filing its claim.
Tulsi Extrusions Ltd. was undergoing CIRP. Punjab National Bank initiated the CIRP under Section 7 of the IBC. The RP filed MA-3635/2019 seeking payment of CIRP expenses from Allahabad Bank, a member of the CoC. Allahabad Bank delayed the payment of these expenses. The RP also filed MA-3576/2019 seeking liquidation of Tulsi Extrusions Ltd. because the CIRP ended without a resolution plan. Darshan Constructions filed MA-2549/2019 seeking condonation of delay in filing its claim. The CoC voted for liquidation with 99.98% vote share. The CIRP period expired on 24.09.2019 without a 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 payment of CIRP expenses by Allahabad Bank to the Resolution Professional (RP). MA-3576/2019 is an application by the RP for the liquidation of Tulsi Extrusions Ltd. MA-2549/2019 involves Darshan Constructions seeking condonation of delay in filing its claim.
Tulsi Extrusions Ltd. was undergoing CIRP. Punjab National Bank initiated the CIRP under Section 7 of the IBC. The RP filed MA-3635/2019 seeking payment of CIRP expenses from Allahabad Bank, a member of the CoC. Allahabad Bank delayed the payment of these expenses. The RP also filed MA-3576/2019 seeking liquidation of Tulsi Extrusions Ltd. because the CIRP ended without a resolution plan. Darshan Constructions filed MA-2549/2019 seeking condonation of delay in filing its claim. The CoC voted for liquidation with 99.98% vote share. The CIRP period expired on 24.09.2019 without a resolution plan.
Corporate Deb…
IRP appoi…
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