Allowed
In the matter of Snd Limited [Ia 2687-2023 in C.P. (IB)-544(MB)2021]
NCLTIA 2687-2023 in C.P. (IB)-544(MB)2021
Case brief
AI extract
What is this about?
The Tribunal disposed of an application for extension of the CIRP timeline under section 12(2) of the IBC. It excluded 62 days of delay caused by registry scrutiny defects when computing the extension period.
What did the court decide?
The application (IA 2687/2023) was allowed to extend the CIRP period, excluding 62 days of delay due to registry scrutiny.