NCLT JUDGEMENT ON SECTION 12, 12(2), 12(3) OF THE INSOLVENCY AND BANKRUPTCY CODE, 2016 AND REGULATION 40, 40(C)OF THE INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (LIQUIDATION PROCESS) REGULATION, 2016
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 Refex Industries Limited Vs. Vs Lignite Power Private Limited, (2020) 08 NCLT CK 0015 A Division Bench of the NCLT allowed the application filed by the applicant/Resolution Professional under Section 12(2) of IB Code, 2016 read with Regulation 40 of IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, seeking extension of CIRP Process for a further period of 60 days with effect from 28.08.2020. While allowing the application NCLT held that the Application is accordingly allowed directing the Resolution Applicant to complete the CIRP within a period of 330 days from the Insolvency Commence...