# In the matter of United India Shoe Corporation Pvt. Ltd. MA-401-2019 in CP-886-IB-2018

> NCLT judgment dated 2019-04-30. Citation: TCN-2019-NCLT-03628. The Resolution Professional filed an application seeking an extension of 45 days for the…

- **Court:** NCLT
- **Order date:** 30 Apr 2019
- **Citation:** TCN-2019-NCLT-03628
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/united-india-shoe-corporation-pvt-ltd-ma-401-2019-in-cp-886-ib-2018-16e28211

## Summary

### Background

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.

## Facts

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.

## Issues and analysis

### Issue 1: Whether the application for a 45-day extension of the CIRP period, as requested by the Resolution …

**Ratio:** Section 12(2) of the Insolvency & Bankruptcy Code allows for the extension of the

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**Reasoning:** The court reasoned that the Resolution Professional had filed an application based on the

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**Interpretation:** Section 12(2) of the IBC is interpreted to provide a mechanism for extending

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**Application:** The court applied the ratio of Section 12(2) to the facts of the case, noting

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## Parties

- **Judges:** B.S.V. Prakash…; S. VIJAYARA…
- **Appellants:** Radhakrishnan…
- **Respondents:** UNITED INDIA SHOE…

## Timeline

- **2018-01-01 — Initiation…**: CIRP initiated against United India Shoe…
- **2019-04-25 — CoC Resol…**: Committee of Creditors passed a resolution…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 12(2) — Time-limit for completion of insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-12)

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