The case involves an application (IA 876/2025) filed in a Corporate Insolvency Resolution Process (CIRP) seeking a 90-day extension beyond the initial 180-day period, which expired on November 18, 2024. The Committee of Creditors (CoC) resolved to liquidate the Corporate Debtor, and a separate application for liquidation has been filed but is under scrutiny. The Resolution Professional received four Expressions of Interest, but only two were eligible. No resolution plan was received by the deadline of February 12, 2025, and no proposal was submitted by the Suspended Board of Directors.
The Corporate Insolvency Resolution Process (CIRP) for Supreme Infrastructure Bot Pvt Ltd was initiated. An Interlocutory Application (IA 876/2025) was filed seeking a 90-day extension of the CIRP period, which had already expired on November 18, 2024. The Resolution Professional received four Expressions of Interest, but only two were found eligible. The last date for submitting a resolution plan was February 12, 2025, but no plan was received. The Committee of Creditors (CoC) approved the liquidation of the Corporate Debtor with 100% of the votes in their 11th meeting. The CoC resolved to liquidate the Corporate Debtor on February 14, 2025. The applicant also filed a separate application seeking liquidation. The court noted that even if the extension was granted, the
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The initial 180-day…
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The case involves an application (IA 876/2025) filed in a Corporate Insolvency Resolution Process (CIRP) seeking a 90-day extension beyond the initial 180-day period, which expired on November 18, 2024. The Committee of Creditors (CoC) resolved to liquidate the Corporate Debtor, and a separate application for liquidation has been filed but is under scrutiny. The Resolution Professional received four Expressions of Interest, but only two were eligible. No resolution plan was received by the deadline of February 12, 2025, and no proposal was submitted by the Suspended Board of Directors.
The Corporate Insolvency Resolution Process (CIRP) for Supreme Infrastructure Bot Pvt Ltd was initiated. An Interlocutory Application (IA 876/2025) was filed seeking a 90-day extension of the CIRP period, which had already expired on November 18, 2024. The Resolution Professional received four Expressions of Interest, but only two were found eligible. The last date for submitting a resolution plan was February 12, 2025, but no plan was received. The Committee of Creditors (CoC) approved the liquidation of the Corporate Debtor with 100% of the votes in their 11th meeting. The CoC resolved to liquidate the Corporate Debtor on February 14, 2025. The applicant also filed a separate application seeking liquidation. The court noted that even if the extension was granted, the
…The initial 180-day…
The last date for…