The case involves a civil appeal in the Supreme Court of India regarding the insolvency resolution of Amtek Auto Limited. The court initially ordered the invitation of fresh offers by the Resolution Professional within 21 days. Subsequently, the matter was taken up again, and an order was passed confining consideration to five offers received within the specified time frame. However, it was later brought to the court's attention that the information provided was inaccurate, as only one offer was received within the stipulated time.
The Committee of Creditors of Amtek Auto Limited filed a civil appeal in the Supreme Court. The court initially ordered the invitation of fresh offers by the Resolution Professional within 21 days. Later, the court confined consideration to five offers received within the specified time. However, it was revealed that only one offer was received within the stipulated time, contrary to the information presented to the court. This discrepancy prompted the court to recall part of its previous order and direct the invitation of fresh offers within 30 days, extending the deadline.
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The Court ordered the invitation of fresh offers…
The matter was taken up, and the Court…
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The case involves a civil appeal in the Supreme Court of India regarding the insolvency resolution of Amtek Auto Limited. The court initially ordered the invitation of fresh offers by the Resolution Professional within 21 days. Subsequently, the matter was taken up again, and an order was passed confining consideration to five offers received within the specified time frame. However, it was later brought to the court's attention that the information provided was inaccurate, as only one offer was received within the stipulated time.
The Committee of Creditors of Amtek Auto Limited filed a civil appeal in the Supreme Court. The court initially ordered the invitation of fresh offers by the Resolution Professional within 21 days. Later, the court confined consideration to five offers received within the specified time. However, it was revealed that only one offer was received within the stipulated time, contrary to the information presented to the court. This discrepancy prompted the court to recall part of its previous order and direct the invitation of fresh offers within 30 days, extending the deadline.
The Court ordered the invitation of fresh offers…
The matter was taken up, and the Court…
Sign in to view related legal provisions.