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Top News In Resolution Professional Today - Breaking & Trending Today

Go First's resolution professional questions lessor's lease termination timing

Published: September 12, 2023

The NCLT on Tuesday addressed a series of applications from Go First's aircraft and engine lessors who sought exemption from the moratorium.

Source: republicworld.com

Supreme Court Dismisses Axis Bank's Appeal, Upholds Condonation of Delay In CIRP By SBI Against Corporate Debtor

Published: September 12, 2023

The Supreme Court today dismissed an appeal by Axis Bank Limited(appellant), thereby affirming the condonation of delay in initiating the Corporate Insolvency Resolution Process (CIRP) by the State...

Source: livelaw.in

Future Retail: NCLT extends deadline till September 15 for completing insolvency process

Published: September 12, 2023

The decision came on an application moved by the company's Resolution Professional before the tribunal's Mumbai bench seeking to exclude a period of 29 days from the process, according to a regulatory filing. "NCLT on September 7, 2023, heard the application and granted the said exclusion of 29 days' from CIRP of FRL. Consequently, the last date for completion of CIRP of FRL is September 15, 2023," it said.

Source: indiatimes.com