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14.
MA 743/2020 in C.P.(IB) 4738/(MB)/2018
This is an application filed by the RP for extension of CIRP period under Section 12 of the Code on the strength of the resolution passed by the CoC in the meeting held on 15.2.2020 with a vote share of 85.27%.
The Counsel for the applicant submits that CIRP period ends on 17.3.2020 and he seeks for extension of CIRP period by 90 days. Since this application is in consonance with Section 12 of IBC, 2016, this application is allowed and now CIRP period will end on 16.6.2020.