This order allowed an application by M N Horological Industries Pvt Ltd seeking an extension of the liquidation period. The Tribunal extended the timeline to 01.05.2024 upon submission that no further extension would be sought.
Extension of the liquidation timeline granted till 01.05.2024.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
9
IN THE NATIONAL COMPANY LAW TRIBUNAL DIVISION BENCH (COURT– I) CHENNAI
ATTENDANCE CUM ORDER SHEET OF THE HEARING HELD ON 12.02.2024 THROUGH VIDEO CONFERENCING
--------------------------------------------------------------------------------------------------------------PRESENT: HON’BLE SHRI. SANJIV JAIN, MEMBER (JUDICIAL) HON’BLE SHRI. VENKATARAMAN SUBRAMANIAM, MEMBER (TECHNICAL)
---------------------------------------------------------------------------------------------------------------IN THE MATTER OF : M N Horological Industries Pvt Ltd
MAIN PETITION NUMBER : CP/1441/IB/2018
(IA/MA) APPLICATION NUMBERS
IA/373(CHE)/2024
----------------------------------------------------------------------------------------------------------------
ORDER
Ld. Counsel Shri. Sriram Venkatavaradan for the Applicant.
This application has been filed seeking extension of the Liquidation period.
Ld. Counsel submits that now the process has been completed. Only distribution is pending. Taking on record the submissions that no further extension shall be sought, we allow the application and extend the timeline till 01.05.2024.
IA/373 (CHE)/2024 is accordingly disposed of .
Sd/-
Sd/-
VENKATARAMAN SUBRAMANIAM) (SANJIV JAIN) MEMBER (TECHNICAL) MEMBER (JUDICIAL)
MG
1 issue framed by the court
Whether to allow an application for extension of liquidation period.
M N Horological Industries Pvt Ltd
Sanjiv Jain
Venkataraman Subramaniam
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
