AMW Motors Ltd.

Extension of CIRP time on request by proposed Resolution Applicant on due diligence ground – Indian Overseas Bank Vs. AMW Motors Ltd. – NCLT Ahmedabad Bench

Application filed by the proposed Resolution Applicant-Tube Investments of India Limited seeking further six weeks time to submit the Resolution Plan. The present Applicant mentioning difficulty faced during this period and justifying the inability to submit the Resolution Plan seeks further time to submit the Resolution Plan. The CoC was of the view that since 330 days have expired in September 2021, the process is to be completed at the earliest. Learned Counsel for the RP further states that Resolution Plan of another Proposed Applicant is already received and the same is being considered by CoC. Considering the decision of CoC the Adjudicating Authority allows the present Applicant to submit the Plan on or before 21.03.2022 till 6:00 PM.

Extension of CIRP time on request by proposed Resolution Applicant on due diligence ground – Indian Overseas Bank Vs. AMW Motors Ltd. – NCLT Ahmedabad Bench Read Post »

Resolution Applicant will be given access to the documents and information about the Corporate Debtor and preparing the Resolution Plan – Indian Overseas Bank Vs. AMW Motors Ltd – NCLT Ahmedabad Bench

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Resolution Applicant will be given access to the documents and information about the Corporate Debtor and preparing the Resolution Plan – Indian Overseas Bank Vs. AMW Motors Ltd – NCLT Ahmedabad Bench Read Post »

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