KOLKATA: The bankruptcy court has given the resolution professional overlooking asset monetisation of debt-laden Aircel more time – till January 15 -to complete the corporate insolvency resolution process (CIRP), failing which the telco may go under liquidation.
“as informed by the Ld. Resolution Professional, I am of the view that a period of 90 days can be extended by invoking the jurisdiction as prescribed u/s.12(3) of the Insolvency Code,” said the bench, headed by MK Shrawat in an interim order passed in October by the National Company Law Tribunal (NCLT)-Mumbai bench.
The extension was requested by resolution professional (RP) Deloitte, who is overseeing the debt resolution process of Aircel, owned by Malaysias Maxis, that has rake…
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