Extension of 60 days granted for execution of Scheme of Arrangement

C Ganesh Vs Ashok Seshadri (NCLAT Chennai)

NCLAT Chennai grants extended period of 60 days to make full and final payment for execution of Scheme of Arrangement. Accordingly, order is quashed and extension of 60 days is allowed.

Facts- In the instant Company Appeal, the Appellant challenges the impugned order dated 02.06.2025, which was rendered by NCLT, Chennai, in IA(IBC)/2232(CHE)/2024, which was preferred in CP/332/2019, being an application, which was filed by invoking the provisions contained under Section 60(5) of I & B Code, 2016, seeking for an

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