Timeline specified in CIPR Regulation 35A, for making an application under Sections 43, 45, 50 or 66, does not apply in Liquidation Process – Vineet K. Chaudhary Liquidator Vs. JSC-OGCC Jazstroy Service – NCLT Mumbai Bench

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This judgment covers:

A. Time limit prescribed in CIRP Regulations 35A (3) for making an application under Sections 43, 45, 50 or 66 to the Adjudicating Authority, does not apply in Liquidation Process
B. Is the provision of the Limitation Act apply to the application for PUEF if not CIRP Regulations 35A(3)?
C. Issue of Section 43 of the IBC

Timeline specified in CIPR Regulation 35A, for making an application under Sections 43, 45, 50 or 66, does not apply in Liquidation Process – Vineet K. Chaudhary Liquidator Vs. JSC-OGCC Jazstroy Service – NCLT Mumbai Bench Read Post »