The case involves an application (IA No.1031/2023) filed by Earthin Projects Ltd. seeking to recall an order dated 19.06.2023 in IP No.8/2023 in IA No.305/2023 in CP No.372/HDB/2018 and to defer the hearing of IA No.305/2023. The applicant, initially a successful resolution applicant, failed to fulfill the conditions of the resolution plan, leading to the current dispute.
Earthin Projects Ltd. filed an application seeking to recall a previous order and defer a hearing. Earthin Projects Ltd. was initially a successful resolution applicant but failed to meet the conditions of the resolution plan, specifically the payment of the amount provided under the plan. The applicant sought extensions of time for payment, which were initially granted but later rejected when the applicant still failed to fulfill the condition. An appeal against the rejection was preferred before the NCLAT, which granted a 3-month extension, but the applicant still could not pay the amount. The Resolution Professional then filed an IA seeking fresh IRP, which was allowed. The applicant appealed this decision to the NCLAT, which confirmed the tribunal's order. The
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Order dated 19.06.2023 in IP No.8 of 2023 in…
Hearing o…
The case involves an application (IA No.1031/2023) filed by Earthin Projects Ltd. seeking to recall an order dated 19.06.2023 in IP No.8/2023 in IA No.305/2023 in CP No.372/HDB/2018 and to defer the hearing of IA No.305/2023. The applicant, initially a successful resolution applicant, failed to fulfill the conditions of the resolution plan, leading to the current dispute.
Earthin Projects Ltd. filed an application seeking to recall a previous order and defer a hearing. Earthin Projects Ltd. was initially a successful resolution applicant but failed to meet the conditions of the resolution plan, specifically the payment of the amount provided under the plan. The applicant sought extensions of time for payment, which were initially granted but later rejected when the applicant still failed to fulfill the condition. An appeal against the rejection was preferred before the NCLAT, which granted a 3-month extension, but the applicant still could not pay the amount. The Resolution Professional then filed an IA seeking fresh IRP, which was allowed. The applicant appealed this decision to the NCLAT, which confirmed the tribunal's order. The
…Order dated 19.06.2023 in IP No.8 of 2023 in…
Hearing o…