The case involves a company application for the recall of an order dated 8th February 2018, which ordered the winding up of Yashraaj Ethanoll Processing Private Limited. The application was filed by Jitendra Palande, the Resolution Professional appointed by the NCLT, Mumbai, following an application under Section 7 of the IBC, 2016. The Resolution Professional's appointment was ordered on 18th July 2017, with the corporate insolvency resolution process intended to continue until April 2018. A moratorium was in effect during this period, making the 8th February 2018 order invalid.
Yashraaj Ethanoll Processing Private Limited was ordered to be wound up on 8th February 2018. Jitendra Palande, the Resolution Professional appointed by the NCLT, Mumbai, filed an application for recall of the winding-up order. The Resolution Professional was appointed on 18th July 2017, and the corporate insolvency resolution process was to continue until April 2018. A moratorium was in effect during this period. The petitioners, who initiated the winding-up order, had already lodged their claims with the Resolution Professional. The Resolution Professional had already advertised in the newspaper about the orders passed by the NCLT. The petitioner has already lodged its claim with the Resolution Professional.
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Jitendra Palande was appointed as the Resolution…
An order was passed to…
The case involves a company application for the recall of an order dated 8th February 2018, which ordered the winding up of Yashraaj Ethanoll Processing Private Limited. The application was filed by Jitendra Palande, the Resolution Professional appointed by the NCLT, Mumbai, following an application under Section 7 of the IBC, 2016. The Resolution Professional's appointment was ordered on 18th July 2017, with the corporate insolvency resolution process intended to continue until April 2018. A moratorium was in effect during this period, making the 8th February 2018 order invalid.
Yashraaj Ethanoll Processing Private Limited was ordered to be wound up on 8th February 2018. Jitendra Palande, the Resolution Professional appointed by the NCLT, Mumbai, filed an application for recall of the winding-up order. The Resolution Professional was appointed on 18th July 2017, and the corporate insolvency resolution process was to continue until April 2018. A moratorium was in effect during this period. The petitioners, who initiated the winding-up order, had already lodged their claims with the Resolution Professional. The Resolution Professional had already advertised in the newspaper about the orders passed by the NCLT. The petitioner has already lodged its claim with the Resolution Professional.
Jitendra Palande was appointed as the Resolution…
An order was passed to…