https://www.taxtmi.com/caselaws?id=390613 The application filed by Gail India Ltd. against the Resolution Professional (RP) and United Bank of India regarding an expiring bank guarantee was disposed of after the RP assured to extend the validity of the bank guarantee until 31.03.2020. Additionally, directions were issued against five banks listed in the application to extend the validity period of the bank guarantees by three months, with instructions not to encash them until the next hearing scheduled for 08.01.2020. en-us Fri, 13 Dec 2019 00:00:00 +0530 Wed, 08 Jan 2020 07:09:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390613 The application filed by Gail India Ltd. against the Resolution Professional (RP) and United Bank of India regarding an expiring bank guarantee was disposed of after the RP assured to extend the validity of the bank guarantee until 31.03.2020. Additionally, directions were issued against five banks listed in the application to extend the validity period of the bank guarantees by three months, with instructions not to encash them until the next hearing scheduled for 08.01.2020. Case-Laws Insolvency and Bankruptcy Fri, 13 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390613