HDFC Bank Seeks 90-Day JRA Insolvency Extension

The Interim Resolution Professional (IRP) filed an application to extend JRA Infrastructure's insolvency process by 90 days beyond the 180-day deadline.
The NCLT issued a notice to Axis Bank and directed it to explain a delay in giving approval within the Committee of Creditors.
The Tribunal ordered the IRP to file an explanation for the 43-day delay in submitting the extension application and listed the matter for further hearing.