NCLT JUDGEMENT ON SECTION 7, 12(2), 22, 60(5) OF THE INSOLVENCY AND BANKRUPTCY CODE, 2016, RULE 4 OF THE INSOLVENCY AND BANKRUPTCY (APPLICATION TO ADJUDICATING AUTHORITY) RULES, 2016 AND REGULATION 40(C) OF THE INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (INSOLVENCY RESOLUTION PROCESS FOR CORPORATE PERSONS) REGULATIONS, 2016
NAME MOBILE NO. E-MAIL I’D RANJEET KUMAR 8383098478 , 9667769795 rk@courtkutchehry.com JAI THAKUR 8130703334 , 9355723300 jai.thakur@courtkutchehry.com RAJEEV RANJAN 9334553249 rajiv.ranjan@courtkutchehry.com ASHOK MISHRA 9718327746 sales@courtkutchehry.com RAVI KUMAR ravi.singh@courtkutchehry.com Idbi Bank Ltd Vs. Neueon Towers Limited, (2020) 07 NCLT CK 0030 NCLT allowed the instant Interlocutory Application filed by Resolution Professional of the Respondent Company under Section 12(2) r/w Section 60(5) of Insolvency and Bankruptcy Code, 2016 and Regulation 40(C) of IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 praying the Tribunal to exclude the period of lockdown due to Covid-19 imposed by the Central Government and the State Government of Telangana from the Corporate Insolvency Resolution Process period. While allowing the application NCLT held that the learned counsel for Resolutio...