The application IA(IBC)/697(CHE)/2022 was filed by the liquidator under Section 35(1)(n) of the Insolvency and Bankruptcy Code, 2016, read with Regulation 44(2) of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016, seeking an extension of time to continue the liquidation process. The liquidation of the Corporate Debtor was ordered on 21.12.2018, and the applicant was appointed as the liquidator. The applicant had previously applied for and been granted extensions, with the last date for completion of the liquidation process being fixed on 21.06.2022. The process was not complete, leading to the current application filed on 14.06.2022.
The liquidator of M/s. Everon Castings Private Limited filed an application seeking an extension of time to continue the liquidation process. The liquidation process was initiated on 21.12.2018. Previous extensions were granted, with the last date for completion being 21.06.2022. The process was not completed by this date, leading to the current application filed on 14.06.2022. Certain applications related to the Corporate Debtor were pending before the tribunal. The sale of assets of the Corporate Debtor has been completed, and the proceeds have been distributed. An appeal is pending before the NCLAT regarding the sale of the asset of the Corporate Debtor. The applicant seeks an extension only for the recovery of receivables.
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The application IA(IBC)/697(CHE)/2022 was filed by the liquidator under Section 35(1)(n) of the Insolvency and Bankruptcy Code, 2016, read with Regulation 44(2) of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016, seeking an extension of time to continue the liquidation process. The liquidation of the Corporate Debtor was ordered on 21.12.2018, and the applicant was appointed as the liquidator. The applicant had previously applied for and been granted extensions, with the last date for completion of the liquidation process being fixed on 21.06.2022. The process was not complete, leading to the current application filed on 14.06.2022.
The liquidator of M/s. Everon Castings Private Limited filed an application seeking an extension of time to continue the liquidation process. The liquidation process was initiated on 21.12.2018. Previous extensions were granted, with the last date for completion being 21.06.2022. The process was not completed by this date, leading to the current application filed on 14.06.2022. Certain applications related to the Corporate Debtor were pending before the tribunal. The sale of assets of the Corporate Debtor has been completed, and the proceeds have been distributed. An appeal is pending before the NCLAT regarding the sale of the asset of the Corporate Debtor. The applicant seeks an extension only for the recovery of receivables.
Tribunal orde…
Tribunal gran…