NCLT Denies Mantovani Di Dharti CIRP Extension

NCLT Hyderabad disposes of an application seeking a 90-day extension of the Corporate Insolvency Resolution Process for Mantovani Di Dharti Pvt Ltd.
Tribunal denies extension after Resolution Professional issued a second Form-G following the SRA's refusal to comply with the approved resolution plan.
Order states that the IBC does not contemplate a second round of CIRP, making the natural consequence to proceed under Section 33 of the IBC.