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TMI Blog2019 (8) TMI 1482X X X X Extracts X X X X X X X X Extracts X X X X ..... seeking extension of CIRP by another 90 days. The members with aggregate voting share of 93.68% of total voting share in COC and 100% of voting share of the members present passed resolution seeking the extension of CIRP by another 90 days - The RP is authorized to move the application before Adjudicating Authority for extension of CIRP. The grounds for extension is to complete the CIRP of the co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and Bankruptcy Code, 2016 Read with Regulation 40 of the Insolvency and Bankruptcy Board of India, Regulations, 2016, seeking extension oft time limit for Resolution process by 90 days. 2. The averments in the interlocutory application in brief are that, the Tribunal vide order dated 18.02.2019 admitted the Petition filed by Cosmic Chemicals, operational creditor against Yagmag Labs Private Li ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s, resolved to: seek extension of CIRP by 90 days and also requested the Tribunal to extend the CIRP period. A copy of minutes of 5th COC meeting dated 10.08.2019, is enclosed to the application at page no. 12-17. 7. We have heard the Resolution Professional. This application is filed by Resolution Professional U/S 12 of I B Code, 2016 seeking extension of CIRP by another 90 days beyond 180 day ..... X X X X Extracts X X X X X X X X Extracts X X X X
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