Sir,
Please refer the decision in 4th COC meeting held on 28.06.2018 wherein it was decided that Resolution Professional should seek extension in time-line from Honble Adjudicating Authority for compliance of insolvency resolution process.
RP had submitted application before the Honble Adjudicating Authority and the same had appeared for hearing on 13th July 2018. Honble Adjudicating Authority was pleased to extent the time-line for a period of 90 days. Now accordingly the resolution process to be completed within 90 days from the date of Order.
Source : BSE – www.bseindia.com
Read the full article at: https://www.thehindubusinessline.com/companies/announcements/others/asis-logistics-limited-corporate-insolvency-resolution-process-cirp-updates-corporate-insolvency-resolution-process-cirp/article24511447.ece