The case involves a writ petition filed by Mr. Mahendra Kumar Singhi against the Insolvency and Bankruptcy Board of India (IBBI) and others. The petitioner challenges the minutes of the 11th meeting of the Committee of Creditors (CoC) of M/S Steel Hypermart India Pvt. Ltd., held on 2024-05-15, arguing they are non-est and illegal. The petitioner also seeks compliance with a letter from IBBI regarding the appointment of a liquidator.
Mr. Mahendra Kumar Singhi filed a writ petition challenging the minutes of the 11th meeting of the Committee of Creditors (CoC) of M/S Steel Hypermart India Pvt. Ltd., held on 2024-05-15. The petitioner argues that the CoC's decision to appoint Ravindra Beleyur, the existing resolution professional, as the liquidator is contrary to the recommendation of the Insolvency and Bankruptcy Board of India (IBBI) dated 2023-07-18. The IBBI recommended that a person other than the resolution professional/interim resolution professional should be appointed as liquidator. The petitioner seeks to set aside the CoC's decision and ensure compliance with the IBBI's recommendation. The Corporate Insolvency Resolution Process (CIRP) is ongoing in CP (IB) 216/2020. The petitioner also
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The 11th meeting of the Committee of Creditors…
The Insolvency and Bankruptcy Board of India…
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The case involves a writ petition filed by Mr. Mahendra Kumar Singhi against the Insolvency and Bankruptcy Board of India (IBBI) and others. The petitioner challenges the minutes of the 11th meeting of the Committee of Creditors (CoC) of M/S Steel Hypermart India Pvt. Ltd., held on 2024-05-15, arguing they are non-est and illegal. The petitioner also seeks compliance with a letter from IBBI regarding the appointment of a liquidator.
Mr. Mahendra Kumar Singhi filed a writ petition challenging the minutes of the 11th meeting of the Committee of Creditors (CoC) of M/S Steel Hypermart India Pvt. Ltd., held on 2024-05-15. The petitioner argues that the CoC's decision to appoint Ravindra Beleyur, the existing resolution professional, as the liquidator is contrary to the recommendation of the Insolvency and Bankruptcy Board of India (IBBI) dated 2023-07-18. The IBBI recommended that a person other than the resolution professional/interim resolution professional should be appointed as liquidator. The petitioner seeks to set aside the CoC's decision and ensure compliance with the IBBI's recommendation. The Corporate Insolvency Resolution Process (CIRP) is ongoing in CP (IB) 216/2020. The petitioner also
…The 11th meeting of the Committee of Creditors…
The Insolvency and Bankruptcy Board of India…
Sign in to view related legal provisions.