Tribunals and CommissionsDivision Bench(2021) 07 NCLT CK 0034

Vardhman Textiles vs Bansal Multiflex Ltd

National Company Law Tribunal · Decided on 19 July 2021

HON’BLE JUDGES
Madan B. Gosavi, Member(J) · Virendra Kumar Gupta, Member (T)
RESULT
Disposed Of
CASE NUMBER
IA/469(AHM)2021 in CP(IB) 339 of 2019

AI Structured Summary

Not yet generated for this judgment

Judgment

7 paragraphs · 108 words
1.

IA No. 469 of 2021 is filed by RP under Section 12(2) of IBC, 2016 seeking extension and exclusion of certain period of CIRP.

2.

We heard Learned Counsel for the RP.

3.

The CoC in its 3rd meeting dated 24.06.2021 by 100% voting passed resolution authorising the IRP/RP to file application before this Adjudicating

Authority to get the certain period of CIRP excluded and extended.

4.

We allow this application extending 90 days and further excluding 10 days on account of late receipt of order dated 18.12.2020 by Interim

Resolution Professional to proceed further with the CIRP.

5.

Hence, IA 469 of 2021 stands disposed of.