2019 (9) TMI 1098

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....9;BLE MR. JUSTICE VINEET SARAN, HON'BLE MR. JUSTICE S. RAVINDRA BHAT For the Parties : Mr. Tushar Mehta, Solicitor General Ms. Misha, Adv. Mr. Sidhant Kant, Adv. Mr. Kanu Agrawal, Adv. Ms. Charu Bansal, Adv. Mr. S. S. Shroff, AOR Mr. Mukul Rohatgi, Sr. Adv. Mr. K. V. Vishwanathan, Sr. Adv. Mr. Arvind Kumar Gupta, Adv. Mr. Purti Marwaha Gupta, Adv. Ms. Henna George, Adv. Mr. Prateek Kumar, A....

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....has failed owing to nonfulfillment of the commitment by Liberty House. That has consumed the time which was available as per the provisions contained in Section 12 of the Insolvency and Bankruptcy Code, 2016. Our attention has also been drawn to the third proviso by virtue of the Amendment Bill, 2019 with effect from 16.08.2019, by which the resolution process may be permitted to be completed with....

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....f 30 days for submission of the offer. We permit the Resolution Professional to invite fresh offers within a period of 21 days. Let steps be taken by the Resolution Professional by tomorrow i.e. by 25.09.2019 for invitation of the fresh offers in accordance with the rules. Within 2 weeks thereafter, the Committee of Creditors shall take a final call in the matter and the decision of the Committee ....