Advance India Projects Ltd. (Applicant/Operational Creditor) filed an application seeking condonation of a 75-day delay in filing a Company Petition under Section 9 of the IBC against JNB Management Private Ltd. (Respondent/Corporate Debtor). The delay arose from the Applicant's efforts to register its debt with NeSL, which faced deficiencies and was only approved in February 2026, after the limitation period had expired.
Advance India Projects Ltd. (Applicant/Operational Creditor) filed I.A. No. 2304 of 2026 in CP (IB) 198 of 2026.
The application seeks condonation of an approximately 75-day delay in filing Company Petition (IB) No. 198 of 2026 under Section 9 of the IBC against JNB Management Private Ltd. (Respondent/Corporate Debtor).
The Applicant, a real estate development company, signed a Co-operation Agreement with the Respondent on 25.05.2016.
Under the agreement, the Respondent was to operate and manage serviced apartments, and the Applicant would pay various fees.
The Applicant discovered on 02.11.2022 that Bridgestreet Accommodations London Limited, a claimed management partner of the Respondent, had gone into liquidation in the United Kingdom.
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Advance India Projects Ltd. (Applicant)…
Applicant discovered that Bridgestreet…
Advance India Projects Ltd. (Applicant/Operational Creditor) filed an application seeking condonation of a 75-day delay in filing a Company Petition under Section 9 of the IBC against JNB Management Private Ltd. (Respondent/Corporate Debtor). The delay arose from the Applicant's efforts to register its debt with NeSL, which faced deficiencies and was only approved in February 2026, after the limitation period had expired.
Advance India Projects Ltd. (Applicant/Operational Creditor) filed I.A. No. 2304 of 2026 in CP (IB) 198 of 2026.
The application seeks condonation of an approximately 75-day delay in filing Company Petition (IB) No. 198 of 2026 under Section 9 of the IBC against JNB Management Private Ltd. (Respondent/Corporate Debtor).
The Applicant, a real estate development company, signed a Co-operation Agreement with the Respondent on 25.05.2016.
Under the agreement, the Respondent was to operate and manage serviced apartments, and the Applicant would pay various fees.
The Applicant discovered on 02.11.2022 that Bridgestreet Accommodations London Limited, a claimed management partner of the Respondent, had gone into liquidation in the United Kingdom.
…Advance India Projects Ltd. (Applicant)…
Applicant discovered that Bridgestreet…