2020 (12) TMI 864

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....ion of time for filing statutory compliances before Securities and Exchange Board of India. 2.  The averments apropos to the Application in brief are that:- 2.1  The Adjudicating Authority vide its order dated 04.09.2019 on a Company Petition filed by IFCI Limited, Financial Creditor u/s 7 of the Insolvency and Bankruptcy Code read with Rule 5 of Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016 directed initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor Company wherein the Applicant herein was appointed as Interim Resolution Professional (IRP). Thereafter he was confirmed as Resolution Professional. 2.2  It is stated by the Applicant that, during the....

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....es in filing audited financial results (standalone & consolidated) for the year ended 31st March, 2020 within the extended timelines i.e., 31st July, 2020 and Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 including those detailed in Annexure-II especially for compliance during the months of July, August and September, 2020 since another application seeking order of liquidation was pending before this Tribunal. 3.  We heard the Counsel for Applicant via video conferencing and perused the material documents filed in support of his contention. This is an Application filed by the Applicant, who is the Resolution Professional appointed for the Corporate Debtor. As seen from the records, this A....

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....ally Within 60 days of the end of financial year 31^st July 7 24A Annual Secretarial Compliance Report Yearly Within 60 days of the end of financial year 31^st July 8 33 Financial Results Quarterly Within 45 days from quarter end. 14^th Aug. 5.  We heard the Counsel for Applicant through video-conference. This is an Application filed by Resolution Professional appointed for M/s KSK Energy Ventures Limited, under Section 60 (5) of Insolvency & Bankruptcy Code, 2016, R/w Rule 11 of NCLT Rules, 2016 seeking condonation of time for filing statutory compliances with the Securities and Exchange Board of India as required under Regulation 3, 24A and all other applicable Regulations of SEB....