The application was filed by the liquidator of Shirt Company (India) Private Limited, seeking several reliefs under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 44(2) of the IBBI (Liquidation Process) Regulations, 2016. The reliefs sought include allowing the present application, condoning a delay of 13 days in filing the application, and granting a further period of one year from December 22, 2022, to complete the liquidation process of the Corporate Debtor.
An application was filed by Anuj Bajpai, the liquidator of Shirt Company (India) Private Limited, seeking an extension of time to complete the liquidation process. The Corporate Insolvency Resolution Process (CIRP) was initiated against Shirt Company (India) Pvt. Limited, and subsequently, a liquidation order was passed on 22.12.2021. The liquidator has conducted 15 e-auction processes, with some properties already sold. The liquidator requested a one-year extension from 22.12.2022 to complete the liquidation process, as one immovable property remains to be sold in addition to other immovable properties. The application also sought condonation of a 13-day delay in filing. The liquidation was initiated by the Tribunal's order dated 22.12.2021.
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The Tribunal admitted Company Petition no.…
The Tribunal passed an order for the…
The application was filed by the liquidator of Shirt Company (India) Private Limited, seeking several reliefs under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 44(2) of the IBBI (Liquidation Process) Regulations, 2016. The reliefs sought include allowing the present application, condoning a delay of 13 days in filing the application, and granting a further period of one year from December 22, 2022, to complete the liquidation process of the Corporate Debtor.
An application was filed by Anuj Bajpai, the liquidator of Shirt Company (India) Private Limited, seeking an extension of time to complete the liquidation process. The Corporate Insolvency Resolution Process (CIRP) was initiated against Shirt Company (India) Pvt. Limited, and subsequently, a liquidation order was passed on 22.12.2021. The liquidator has conducted 15 e-auction processes, with some properties already sold. The liquidator requested a one-year extension from 22.12.2022 to complete the liquidation process, as one immovable property remains to be sold in addition to other immovable properties. The application also sought condonation of a 13-day delay in filing. The liquidation was initiated by the Tribunal's order dated 22.12.2021.
The Tribunal admitted Company Petition no.…
The Tribunal passed an order for the…