NCLT JUDGEMENT ON SECTION 7, 12(2), 12(3) OF THE INSOLVENCY AND BANKRUPTCY CODE, 2016, REGULATION 40 OF THE INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (INSOLVENCY RESOLUTION PROCESS FOR CORPORATE PERSONS) REGULATIONS, 2016 AND REGULATION 40(C) OF THE INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (INSOLVENCY RESOLUTION PROCESS FOR CORPORATE PERSONS) (THIRD AMENDMENT) REGULATIONS, 2020
NAME MOBILE NO. E-MAIL I’D RANJEET KUMAR 8383098478 , 9667769795 rk@courtkutchehry.com JAI THAKUR 8130703334 , 9355723300 jai.thakur@courtkutchehry.com RAJEEV RANJAN 9334553249 rajiv.ranjan@courtkutchehry.com ASHOK MISHRA 9718327746 sales@courtkutchehry.com RAVI KUMAR ravi.singh@courtkutchehry.com In Re_ Sumit Binani, Resolution Professional Of Mahanadi Power Company Limited Vs. (2020) 07 NCLT CK 0095 NCLT allowed the application filed by the applicant under section 12(2) of the Insolvency and Bankruptcy Code, 2016 Read with Regulation 40 of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulation, 2016, for extension of CIRP process of the Corporate Debtor by 90 days. While allowing the petition NCLT held that In this case, the commencement of CIRP was approved by this Adjudicating Authority vide its order dated 03.10.2019 in CP (IB) No.492/7/HDB/2019 and 180 days was completed on 31.03.2020. ...