2018 (3) TMI 1696 - Tri - Insolvency and Bankruptcy

Extension of the period of CIRP under section 12 of IBC 2016 for a period of 90 days - Held that - The Application is allowed. The CIRP period is extended for further period of 90 days with effect from 03.03.2018 onwards.

Summary

The National Company Law Tribunal Chennai extended the period of Corporate Insolvency Resolution Process (CIRP) for 90 days from 03.03.2018 based on the resolution of the Committee of Creditors (COC) in a meeting held on 20.10.2017. The application for extension was allowed and disposed of.