Allowed
In the matter of E C Bose and Co. Private Limited [I.a. (Ib) No. 116/KB/2021 and I.A. (Ib) No. 1370 & 1506/KB/2023, Ivn. P. (Ib ) No. 25,26 & 27/KB/2023 and Ivn. P. (Ib) No. 05/KB/2024 in C.P. (Ib) No. 1388/KB/2018]
NCLTI.A. (IB) No. 116/KB/2021 and I.A. (IB) No. 1370 & 1506/KB/2023, Ivn. P. (IB ) No. 25,26 & 27/KB/2023 and Ivn. P. (IB) No. 05/KB/2024 in C.P. (IB) No. 1388/KB/2
Case brief
AI extract
What is this about?
The NCLT set aside the CoC decision to liquidate EC Bose and Company Private Limited. The court excluded the appeal pendency period from the CIRP timeline, found the previous RP failed statutory duties, and appointed a new RP to restart the resolution process within four months.
What did the court decide?
The liquidation decision set aside, CIRP period recalculated excluding appeal pendency, new Resolution Professional appointed (Mr. Sandip Mitra), and CIRP rebooted to be completed in four months.