The case pertains to proceedings under Section 7 of the Insolvency and Bankruptcy Code (IBC). The applicant claims readiness to pay the amount in compliance with an earlier order. However, the respondent's advocate argues that the amount has not been paid as per the schedule. The court is considering an application for an extension of time.
The case involves an application under Section 7 of the IBC. IDBI is the applicant, and Reliance Naval and Engineering Ltd is the respondent. The applicant claims to be ready to pay the amount as per an earlier order. The respondent's advocate contends that the payment has not been made according to the schedule. The court is considering an application for an extension of time for the applicant to comply with the payment. The applicant is directed to comply with the amount proposed in the resolution plan.
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Order delivere…
Case kept for…
The case pertains to proceedings under Section 7 of the Insolvency and Bankruptcy Code (IBC). The applicant claims readiness to pay the amount in compliance with an earlier order. However, the respondent's advocate argues that the amount has not been paid as per the schedule. The court is considering an application for an extension of time.
The case involves an application under Section 7 of the IBC. IDBI is the applicant, and Reliance Naval and Engineering Ltd is the respondent. The applicant claims to be ready to pay the amount as per an earlier order. The respondent's advocate contends that the payment has not been made according to the schedule. The court is considering an application for an extension of time for the applicant to comply with the payment. The applicant is directed to comply with the amount proposed in the resolution plan.
Order delivere…
Case kept for…