The Resolution Professional filed an application seeking an extension of 45 days for the Corporate Insolvency Resolution Process (CIRP) period, based on a resolution passed by the Committee of Creditors (CoC) on April 25, 2019. This extension was sought under Section 12(2) of the Insolvency & Bankruptcy Code.
The Resolution Professional (RP) filed an application (MA/401/2019) seeking a 45-day extension of the Corporate Insolvency Resolution Process (CIRP) period. The application was based on a resolution passed by the Committee of Creditors (CoC) on April 25, 2019. The extension was sought under Section 12(2) of the Insolvency & Bankruptcy Code (IBC). The initial CIRP period was nearing its end, and the RP required more time to complete the process. The CoC's resolution indicated their support for the extension. The court considered the application and the CoC's resolution before granting the extension.
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CIRP initiated against…
Committee of Creditors…
The Resolution Professional filed an application seeking an extension of 45 days for the Corporate Insolvency Resolution Process (CIRP) period, based on a resolution passed by the Committee of Creditors (CoC) on April 25, 2019. This extension was sought under Section 12(2) of the Insolvency & Bankruptcy Code.
The Resolution Professional (RP) filed an application (MA/401/2019) seeking a 45-day extension of the Corporate Insolvency Resolution Process (CIRP) period. The application was based on a resolution passed by the Committee of Creditors (CoC) on April 25, 2019. The extension was sought under Section 12(2) of the Insolvency & Bankruptcy Code (IBC). The initial CIRP period was nearing its end, and the RP required more time to complete the process. The CoC's resolution indicated their support for the extension. The court considered the application and the CoC's resolution before granting the extension.
CIRP initiated against…
Committee of Creditors…