NCLT relaxes timeline of implemented resolution plan

M/s Fincast Founders and Engineers Pvt. Ltd. Vs Shri Rajat Mukherjee (NCLAT Ahemdabad)

1) The instant application is filed under section 60 (5) of the IB Code r.w. Rule 11 of the NCLT Rules, 2016 seeking appropriate direction in Resolution Plan dated 25.05.2019, with following prayer:

a. to enable the applicant to comply with the implementation of the Resolution Plan approved hy this Hon ‘hle Adjudicating Authority vide order dated 20.11.2019 passed in LA. No. 352/2019 in C.P. (LB.) No. 162/NCLT/AHM/2018.

b. to relax the schedule timeline for the payment.

c. and also to exclude the period of lock down to conclude the Resolution Plan, apart from other prayers

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