The case involves applications (IAs) filed by the Administrator of SREI Infrastructure Finance Limited (SIFL) seeking an enlargement of time for the completion of the Corporate Insolvency Resolution Process (CIRP). These applications are connected and seek identical relief. The Committee of Creditors (CoC) has resolved to seek this enlargement of time with 84.44% voting.
The Administrator of SREI Infrastructure Finance Limited (SIFL) filed connected Interlocutory Applications (IAs), IA(I.B.C)/1719(KB)2022 and IA(I.B.C)/1720(KB)2022, seeking an extension of time for the Corporate Insolvency Resolution Process (CIRP). The CoC resolved to seek an enlargement of time with 84.44% voting. Three financial bids have been received, and the final steps are negotiation and voting on the successful plan. The initial application, IA(I.B.C)/1719(KB)2022, was filed on 02.01.2023. The Administrator sought a 44-day extension to complete the CIRP by February 18, 2023. The relevance of these facts is that the CIRP was nearing its deadline, and the Administrator needed more time to finalize the resolution plan.
Sign in to view the parties.
IA(I.B.C)/1719(KB)2022…
Hearing on the…
The case involves applications (IAs) filed by the Administrator of SREI Infrastructure Finance Limited (SIFL) seeking an enlargement of time for the completion of the Corporate Insolvency Resolution Process (CIRP). These applications are connected and seek identical relief. The Committee of Creditors (CoC) has resolved to seek this enlargement of time with 84.44% voting.
The Administrator of SREI Infrastructure Finance Limited (SIFL) filed connected Interlocutory Applications (IAs), IA(I.B.C)/1719(KB)2022 and IA(I.B.C)/1720(KB)2022, seeking an extension of time for the Corporate Insolvency Resolution Process (CIRP). The CoC resolved to seek an enlargement of time with 84.44% voting. Three financial bids have been received, and the final steps are negotiation and voting on the successful plan. The initial application, IA(I.B.C)/1719(KB)2022, was filed on 02.01.2023. The Administrator sought a 44-day extension to complete the CIRP by February 18, 2023. The relevance of these facts is that the CIRP was nearing its deadline, and the Administrator needed more time to finalize the resolution plan.
IA(I.B.C)/1719(KB)2022…
Hearing on the…