2018 (7) TMI 1911 - Tri - Insolvency and Bankruptcy

Extension of CIRP period - Resolution professional seeking extension of CIRP period as envisaged under Section 12 of Insolvency and Bankruptcy Code, 2016 - HELD THAT - Looking at the reason for extension, this Bench hereby extended by CIRP period for another 90 days, with effect from the date 02.07.2018. Accordingly, this application is allowed.

Summary

The National Company Law Tribunal, Mumbai extended the CIRP period for another 90 days from 02.07.2018 based on a request by the Resolution Professional under Section 12 of the Insolvency and Bankruptcy Code, 2016. The application for extension was allowed. [Citation: 2018 (7) TMI 1911 - NATIONAL COMPANY LAW TRIBUNAL, MUMBAI]