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2020 (10) TMI 1321 - Tri - Insolvency and BankruptcyCIRP under process - Corporate Debtor is exploring the possibilities of seeking resolution plan - HELD THAT - The Resolution Professional is directed to make a representation before the Noida Authority with all the details to seek their consent for the purpose of seeking a resolution plan. The representation shall be made within three working days along with the necessary documents, the Noida Authority shall take a decision within two from the date of the receipt of the representation. The Resolution Professional after receiving the response from the Noida authority is directed to file short affidavit with regard to the state of affairs on next date of hearing. List on 18.11.2020.
The National Company Law Tribunal, New Delhi Court-III directed the Resolution Professional to make a representation before the Noida Authority within three working days to seek consent for a resolution plan regarding a development agreement with Logix Developers Pvt. Ltd. The Noida Authority must respond within two days, and the Resolution Professional should file an affidavit on the state of affairs by the next hearing on 18.11.2020.
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