The case involves an application (IA (IBC)/1462/2023) filed in connection with a corporate insolvency resolution process (CIRP) under the Insolvency and Bankruptcy Code (IBC). The application seeks an extension of the liquidation period for Konaseema Gas Power Ltd.
The key facts are as follows: An application, IA (IBC)/1462/2023, was filed in CP(IB) No.458/7/HDB/2018. The applicant sought an extension of the liquidation period by 12 months, effective from 21.07.2024. The corporate debtor is Konaseema Gas Power Ltd. The petitioner is IDBI Bank Ltd. The respondent is Konaseema Gas Power Ltd. The application was filed under Section 7 of the IBC. The court considered the submissions and extended the liquidation period by 6 months from 21.07.2024. This extension was granted based on the submissions made in the application.
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Hearing held on 12.07.2024 at 10:30 AM at the…
The extension of the…
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The case involves an application (IA (IBC)/1462/2023) filed in connection with a corporate insolvency resolution process (CIRP) under the Insolvency and Bankruptcy Code (IBC). The application seeks an extension of the liquidation period for Konaseema Gas Power Ltd.
The key facts are as follows: An application, IA (IBC)/1462/2023, was filed in CP(IB) No.458/7/HDB/2018. The applicant sought an extension of the liquidation period by 12 months, effective from 21.07.2024. The corporate debtor is Konaseema Gas Power Ltd. The petitioner is IDBI Bank Ltd. The respondent is Konaseema Gas Power Ltd. The application was filed under Section 7 of the IBC. The court considered the submissions and extended the liquidation period by 6 months from 21.07.2024. This extension was granted based on the submissions made in the application.
Hearing held on 12.07.2024 at 10:30 AM at the…
The extension of the…
Sign in to view related legal provisions.