TMI Blog2018 (4) TMI 1824X X X X Extracts X X X X X X X X Extracts X X X X ..... 018. This Interim Order is passed extending the CIRP period till 15.05.2018, subject to the orders of the Hon 'ble NCLAT in the Appeal pending before it. - IA No. 197,198 &199/2017 & 93 & 94/2018 IA No. 42 & 43 & 92/2018 in CP (IB) No. 97/7/HDB/2017 - - - Dated:- 27-4-2018 - HON'BLE SHRI BIKKI RAVEENDRA BABU, MEMBER (JUDICIAL) ORDER Heard Shri Rajiv Nayar, Learned Senior Counsel along with Shri Swapnil Gupta, Learned Counsel for Quinn Logistics India Private Limited (Petitioner in CP); Shri S. Ravi, Learned Senior Counsel along with Ms. Rajana Raoy Gawai and Mr. PErvinder, Learned Counsel for Macksoft Tech Private Limited (Respondent); Shri Arun Kathpalia, Learned Senior Counsel along with Shri M. Ramu and Ms. Ank ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... IRP as Infructuous as IBBI has cleared the IRP and the COC has decided to change him in the interest of carrying forward the process 2. 18.11.2017 198/2017 IRP Seeking co- operation of the suspended Board to provide information on the Seekmaster software 3. 18.11.2017 199/2017 IRP Seeking directions against the suspended Board and seeking documents on agreements of the Corporate Debtor with Cresco Legal, Free Bird Industries, Minerali FZE, Minerali Holdings etc 4. 19.11.2017 197/2017 Macksoft Tech Pvt Ltd ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ade in CA 16/2018 extended the period of CIRP beyond 180 days for further period of 9() days. This Adjudicating Authority in CA No. 149/2018 vide its order dated 15.09.2017 directed the COC to keep its proceedings pending till the next date of hearing of the case. This Adjudicating Authority in CA No. 197/2017 by its order dated 31.01.2018 directed the Resolution Professional not to convene COC meeting till the next date of hearing and further subject to orders to be passed by NCLAT in the pending appeal. This Adjudicating Authority in CA No. 42/2018 and CA' No. 43/2018 vide its order dated 28.02.2018 permitted the Resolution Professional to go ahead with convening of ensuing meetings of COC of the Corporate Debtor and accordin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 6. RBL Bank Vs MBL Infrastructure dated 18.04.2018 in cp B No 170 KB 2017 7. Essar steel dated 19.04.2018 in CP(IB) No.40-7-NCLT-AHM-2017 8. PNB Vs. Bhushan Power Steel Ltd- NCLT Delhi order in CP(IB) - 202 PB 2017 In CP (1B) 97/7/HDB/2017 as stated supra, several applications are pending for adjudication by this Authority. There is no scope of adjudicating all the above applications before the expiry of 270 days. Therefore, taking into consideration the decisions stated supra relied upon by the Learned Senior Counsel for the Financial Creditors and the fact that CIRP could not be taken up for nearly about 160 da ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
