The case involves ICICI Bank Ltd as the financial creditor and MBS Impex Pvt Ltd as the corporate debtor. Two Interlocutory Applications (IAs) are being considered: IA (IBC) 567/2024 and IA (IBC) 568/2024. IA (IBC) 567/2024 concerns taking the 8th progress report on record. IA (IBC) 568/2024 seeks a 6-month extension of the liquidation period, citing an order dated 08.09.2023. The lenders have challenged the assets before the NCLAT, but no stay has been granted. The liquidator has already delayed the process. The tribunal extended the liquidation period by three months effective from 01.03.2024.

The case involves ICICI Bank Ltd as the financial creditor and MBS Impex Pvt Ltd as the corporate debtor. Two Interlocutory Applications (IAs) are being considered: IA (IBC) 567/2024 and IA (IBC) 568/2024. IA (IBC) 567/2024 concerns taking the 8th progress report on record. IA (IBC) 568/2024 seeks a 6-month extension of the liquidation period, citing an order dated 08.09.2023. The lenders have challenged the assets before the NCLAT, but no stay has been granted. The liquidator has already delayed the process. The tribunal extended the liquidation period by three months effective from 01.03.2024.