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IBC - Highlights / Catch Notes

Home Highlights January 2024 Year 2024 This

Seeking extension of time for implementation of the Plan - the ...

Insolvency and Bankruptcy

January 20, 2024

Seeking extension of time for implementation of the Plan - the Successful Resolution Applicant has indicated its bona fide, at least prima facie at the present stage, to complete the implementation of the `Resolution Plan’; and therefore, this `Tribunal’ is of the considered view that powers under Rule 11, can be exercised in the facts of this matter and the aforenoted Proposal given by the Successful Resolution Applicant, be accepted. - AT

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