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Tribunals and CommissionsDivision Bench(2024) 02 NCLT CK 3396

In Re: CP(IB)/91(CHE)/2021 (Progress Report And Liquidation Timeline Extension)

National Company Law Tribunal · Decided on 2 February 2024

HON’BLE JUDGES
Sanjiv Jain, Member (Judicial) · Venkataraman Subramaniam, Member (Technical)
RESULT
Disposed of
CASE NUMBER
CP(IB)/91(CHE)2021

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Judgment

10 paragraphs · 135 words

ORDER

IA(IBC)/245(CHE)/2024

Ld. Counsel Shri. Vijay Vigneshwar for the Applicant / Liquidator.

This application has been filed to take on record the 4th progress report for the quarter ending December 2023. Report is taken on record, subject to all just exceptions. IA/245/CHE/2024 is accordingly disposed of.

Incharge / Official maintaining the file is directed to update the process file of the main CP enclosing all the previous orders including orders on the interim applications.

IA(IBC)/246(CHE)/2024

Ld. Counsel Shri. Vijay Vigneshwar for the Applicant / Liquidator.

This application has been filed seeking extension of the liquidation timeline for a period of one year from 20.01.2024. Reasons have been stated in Para 12 of the application.

Having gone through the reasons stated in the application, the liquidation timeline is extended till 19.01.2025.

IA/246/CHE/2024 is accordingly disposed of.