The Resolution Professional (RP) filed an application seeking the exclusion of a certain period from the Corporate Insolvency Resolution Process (CIRP). The application highlights a delay of 34 days in changing the name of the Interim Resolution Professional (IRP). Additionally, a stay order was issued by the Supreme Court against the admission of the petition by the National Company Law Tribunal (NCLT) on August 9, 2018. The stay was effective from November 12, 2018, to April 9, 2019, totaling 149 days.
The Resolution Professional (RP) filed an application seeking the exclusion of a certain period from the Corporate Insolvency Resolution Process (CIRP). There was a delay of 34 days in changing the name of the Interim Resolution Professional (IRP). The Supreme Court issued a stay order against the admission of the petition by the NCLT on 2018-08-09. The stay was in effect from 2018-11-12 to 2019-04-09, totaling 149 days. The applicant requested the exclusion of 183 days from the CIRP period. The NCLT bench excluded 183 days from the CIRP period, extending the CIRP end date to 2019-08-07.
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NCLT admitted the petition, but the Supreme…
The stay order issued…
The Resolution Professional (RP) filed an application seeking the exclusion of a certain period from the Corporate Insolvency Resolution Process (CIRP). The application highlights a delay of 34 days in changing the name of the Interim Resolution Professional (IRP). Additionally, a stay order was issued by the Supreme Court against the admission of the petition by the National Company Law Tribunal (NCLT) on August 9, 2018. The stay was effective from November 12, 2018, to April 9, 2019, totaling 149 days.
The Resolution Professional (RP) filed an application seeking the exclusion of a certain period from the Corporate Insolvency Resolution Process (CIRP). There was a delay of 34 days in changing the name of the Interim Resolution Professional (IRP). The Supreme Court issued a stay order against the admission of the petition by the NCLT on 2018-08-09. The stay was in effect from 2018-11-12 to 2019-04-09, totaling 149 days. The applicant requested the exclusion of 183 days from the CIRP period. The NCLT bench excluded 183 days from the CIRP period, extending the CIRP end date to 2019-08-07.
NCLT admitted the petition, but the Supreme…
The stay order issued…