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IBC - Highlights / Catch Notes

Home Highlights November 2022 Year 2022 This

Seeking extension of time, for 90 days’ time, with a Bonafide ...


Appellant Seeks 90-Day Payment Extension Citing Bona Fide Reason; Lacks Automatic Entitlement to Extension.

November 30, 2022

Case Laws     Insolvency and Bankruptcy     AT

Seeking extension of time, for 90 days’ time, with a Bonafide request - to extend the time, to pay the balance purchase consideration - The Appellant / Applicant either as a matter of routine or as a matter of right, cannot lay a claim to seek for an extension of time. - AT

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