The application, IA No. 2198 of 2020 in CP (IB) 3562/MB/2018, was filed seeking exclusion of time during the lockdown period from March 30, 2020, to November 30, 2020, and an extension of 90 days under Section 12(2) of the Code and Regulation 40 of IBBI Regulations, beyond the initial 180-day period, to allow time for a resolution plan. The CoC decided to seek an extension and exclusion under Section 40(c) due to the lockdown with 100% voting in its 5th meeting held on October 28, 2021. The RP stated the need for an extension and exclusion application due to the lockdown, and after discussion, it was decided to appoint the same lawyer as before and put it to e-voting. The RP proposed to file an application for a 90-day CIRP extension and exclusion period under sec 40C
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Ahinsa Buildtech Private Limited. An application was filed seeking exclusion of the lockdown period from March 30, 2020, to November 30, 2020, and a 90-day extension under Section 12(2) of the Code and Regulation 40 of IBBI Regulations. The CoC approved the Resolution Plan and filed IA 2230 of 2021 for approval. The 5th CoC meeting on October 28, 2021, decided to seek an extension and exclusion under Section 40(c) due to the lockdown. The RP proposed filing an application for a 90-day CIRP extension and exclusion period under sec 40C due to lockdown and appointed Mrs. Raina Birla as the advocate. The e-voting approved the extension and exclusion of the lockdown period. The total period from the
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The application, IA No. 2198 of 2020 in CP (IB) 3562/MB/2018, was filed seeking exclusion of time during the lockdown period from March 30, 2020, to November 30, 2020, and an extension of 90 days under Section 12(2) of the Code and Regulation 40 of IBBI Regulations, beyond the initial 180-day period, to allow time for a resolution plan. The CoC decided to seek an extension and exclusion under Section 40(c) due to the lockdown with 100% voting in its 5th meeting held on October 28, 2021. The RP stated the need for an extension and exclusion application due to the lockdown, and after discussion, it was decided to appoint the same lawyer as before and put it to e-voting. The RP proposed to file an application for a 90-day CIRP extension and exclusion period under sec 40C
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Ahinsa Buildtech Private Limited. An application was filed seeking exclusion of the lockdown period from March 30, 2020, to November 30, 2020, and a 90-day extension under Section 12(2) of the Code and Regulation 40 of IBBI Regulations. The CoC approved the Resolution Plan and filed IA 2230 of 2021 for approval. The 5th CoC meeting on October 28, 2021, decided to seek an extension and exclusion under Section 40(c) due to the lockdown. The RP proposed filing an application for a 90-day CIRP extension and exclusion period under sec 40C due to lockdown and appointed Mrs. Raina Birla as the advocate. The e-voting approved the extension and exclusion of the lockdown period. The total period from the
…Start of the lockdown…
End of the lockdown…