Glas Trust Company LLC filed a writ petition in the High Court of Karnataka seeking directions to the NCLT, Bengaluru, to adjudicate pending Interim Applications (IAs) related to the Corporate Insolvency Resolution Process (CIRP) of Think & Learn Private Limited. The petitioner also sought a stay on further meetings of the Committee of Creditors (CoC). The CIRP was initiated against Think & Learn Private Limited based on a petition filed by Respondent No. 2 under Section 9 of the Insolvency and Bankruptcy Code, 2016. The NCLT admitted the CIRP petition and appointed Respondent No. 1 as the Interim Resolution Professional (IRP). The petitioner then filed applications to remove Respondent No. 1 as the IRP, alleging fraud, and to reconstitute the CoC. Respondent
…Glas Trust Company LLC, a limited liability company, filed a writ petition seeking directions to the NCLT, Bengaluru, to adjudicate pending Interim Applications (IAs) related to the Corporate Insolvency Resolution Process (CIRP) of Think & Learn Private Limited. Respondent No. 2 filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, leading to the initiation of CIRP against Think & Learn Private Limited. The NCLT admitted the CIRP petition on 16.07.2024 and appointed Respondent No. 1 as the Interim Resolution Professional (IRP). The petitioner filed applications to remove Respondent No. 1 as the IRP, alleging fraud, and to reconstitute the Committee of Creditors (CoC). Respondent No. 1 filed an application seeking clarification of the
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NCLT admitted the CIRP petition against Think…
High Court directed Respondent No. 1 to…
Glas Trust Company LLC filed a writ petition in the High Court of Karnataka seeking directions to the NCLT, Bengaluru, to adjudicate pending Interim Applications (IAs) related to the Corporate Insolvency Resolution Process (CIRP) of Think & Learn Private Limited. The petitioner also sought a stay on further meetings of the Committee of Creditors (CoC). The CIRP was initiated against Think & Learn Private Limited based on a petition filed by Respondent No. 2 under Section 9 of the Insolvency and Bankruptcy Code, 2016. The NCLT admitted the CIRP petition and appointed Respondent No. 1 as the Interim Resolution Professional (IRP). The petitioner then filed applications to remove Respondent No. 1 as the IRP, alleging fraud, and to reconstitute the CoC. Respondent
…Glas Trust Company LLC, a limited liability company, filed a writ petition seeking directions to the NCLT, Bengaluru, to adjudicate pending Interim Applications (IAs) related to the Corporate Insolvency Resolution Process (CIRP) of Think & Learn Private Limited. Respondent No. 2 filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, leading to the initiation of CIRP against Think & Learn Private Limited. The NCLT admitted the CIRP petition on 16.07.2024 and appointed Respondent No. 1 as the Interim Resolution Professional (IRP). The petitioner filed applications to remove Respondent No. 1 as the IRP, alleging fraud, and to reconstitute the Committee of Creditors (CoC). Respondent No. 1 filed an application seeking clarification of the
…NCLT admitted the CIRP petition against Think…
High Court directed Respondent No. 1 to…