Resolution Professional had filed application on 12th July 2018 vide Application No. IA257/2018 before NCLT Ahmedabad relating to extension for a period of 90 days as per section 12(2) of Insolvency and Bankruptcy Code,2016 read with regulation 40 of IBBI (Insolvency resolution process for Corporate person) Regulations,2016.Honble Bench of NCLT had granted the same and passed Order dated 13th July, 2018 which was received on 30th July 2018. Accordingly, the timeline for completion of CIRP will end on 28.10.2018 after taking into consideration of extension of 90 days beyond 180 days and fresh EOI dated 09.08.2018 had been published with last date for submission of Resolution Plan has been extended to 13th September 2018
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