2017 (9) TMI 256

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..... r/Company has filed the present petition seeking amendment of the cut-off date in the scheme sanctioned by the BIFR from 31.03.2010 to 31.03.2012. Further, the petitioner seeks extension of the period of rehabilitation from 31.03.2018 to 31.03.2020, without any change in the terms and conditions of the scheme sanctioned by the BIFR. 2. Ms. Gupta, learned counsel for the petitioner states that wit .....

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..... id Order, Section 4 (b) of the Repeal Act, 2003 has been amended and two provisos have been inserted after the second proviso, one of which prescribes that in schemes sanctioned under sub-Section (4) or any scheme under implementation under sub-Section (12) of Section 18 of the SICA, shall be deemed to be the approved resolution plan under sub-Section (1) of Section 31 of the Insolvency and Bankru .....

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