The appeal was filed against the order dated 29.08.2022 passed by the National Company Law Tribunal, Ahmedabad Bench, Court-II in I.A. No.186/AHM/2020 and I.A. No.599/AHM/2020 in CP (IB) 322/NCLT/AHM/2018. The CIRP against the Corporate Debtor M/s Galaxy Cotton and Textiles Pvt. Ltd. commenced by order of the Adjudicating Authority dated 10.08.2019. This was initiated following an application by the State Bank of Patiala under Section 7 of the Insolvency and Bankruptcy Code, 2016. An earlier appeal challenging the admission order was withdrawn. The Resolution Professional (RP) issued Form-G on 24.12.2019, and the Appellant submitted an Expression of Interest (EOI) on 24.01.2020. The Committee of Creditors (CoC) decided to liquidate the Corporate Debtor on 30.01.2020.
…The Corporate Debtor, M/s Galaxy Cotton and Textiles Pvt. Ltd., faced Corporate Insolvency Resolution Process (CIRP) initiated by the Adjudicating Authority on 10.08.2019, based on an application by State Bank of Patiala under Section 7 of the Insolvency and Bankruptcy Code (IBC). An earlier appeal by the Appellant challenging the admission order was withdrawn. The Resolution Professional (RP) issued Form-G on 24.12.2019. The Appellant submitted an Expression of Interest (EOI) on 24.01.2020, after the due date. The Committee of Creditors (CoC) decided to liquidate the Corporate Debtor on 30.01.2020. The Appellant filed I.A. No. 186 of 2020 challenging the amount of dues admitted by Respondent No.5, the Financial Creditor. The RP filed I.A. No. 305 of 2020 seeking
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CIRP against the Corporate Debtor M/s Galaxy…
The RP is…
The appeal was filed against the order dated 29.08.2022 passed by the National Company Law Tribunal, Ahmedabad Bench, Court-II in I.A. No.186/AHM/2020 and I.A. No.599/AHM/2020 in CP (IB) 322/NCLT/AHM/2018. The CIRP against the Corporate Debtor M/s Galaxy Cotton and Textiles Pvt. Ltd. commenced by order of the Adjudicating Authority dated 10.08.2019. This was initiated following an application by the State Bank of Patiala under Section 7 of the Insolvency and Bankruptcy Code, 2016. An earlier appeal challenging the admission order was withdrawn. The Resolution Professional (RP) issued Form-G on 24.12.2019, and the Appellant submitted an Expression of Interest (EOI) on 24.01.2020. The Committee of Creditors (CoC) decided to liquidate the Corporate Debtor on 30.01.2020.
…The Corporate Debtor, M/s Galaxy Cotton and Textiles Pvt. Ltd., faced Corporate Insolvency Resolution Process (CIRP) initiated by the Adjudicating Authority on 10.08.2019, based on an application by State Bank of Patiala under Section 7 of the Insolvency and Bankruptcy Code (IBC). An earlier appeal by the Appellant challenging the admission order was withdrawn. The Resolution Professional (RP) issued Form-G on 24.12.2019. The Appellant submitted an Expression of Interest (EOI) on 24.01.2020, after the due date. The Committee of Creditors (CoC) decided to liquidate the Corporate Debtor on 30.01.2020. The Appellant filed I.A. No. 186 of 2020 challenging the amount of dues admitted by Respondent No.5, the Financial Creditor. The RP filed I.A. No. 305 of 2020 seeking
…CIRP against the Corporate Debtor M/s Galaxy…
The RP is…