The resolution professional (RP) Ashish Chawcharia requested three weeks time to float the EoI.
The city-headquartered pureplay mortgage lender becomes the first NBFC/HFC to go for bankruptcy resolution.
The banks should be looking at other options for recovering loans before invoking the IBC, said Corp Affairs Secy Injeti Srinivas.
The government view is that the insolvency tribunal has no jurisdiction to pass such probe orders.
Scheme will become effective after the company files the certified copy of the NCLT order along with the amalgamation scheme.
Ruchi Soya informed that resolution applicant Patanjali group will infuse Rs 204.75 crore.
The Dutch Court Administrator has also agreed before NCLAT not to sell the confiscated assets of debt-ridden Jet Airways.
In both cases, homebuyers relied on the amended Insolvency and Bankruptcy Code (IBC), which gives them a new status as financial creditors.
In recent times, the ministry has initiated stringent action against various entities, including auditors, in the IL&FS scam, among others.
When it was operational, Jet Airways had over 22,000 employees of them over 16,000 were on the rolls.