The case involves appeals against an order by the Adjudicating Authority regarding the admission of Dorni Vinimoy Private Limited into the resolution process of Imperial Tubes Private Limited. Yaana Apparels Pvt. Ltd. and Krishna Wax, unsuccessful resolution applicants, challenged Dorni's admission, which was initially condoned by the Adjudicating Authority.
CIRP commenced against Imperial Tubes Private Limited on 22.08.2022.
The RP issued Form G, setting 21.10.2022 as the last date for EOI receipt.
Dorni submitted its EOI 47 days after the stipulated deadline.
The RP initially rejected Dorni's EOI on 27.12.2022.
Dorni approached the Adjudicating Authority, which condoned the delay on 20.01.2023.
Dorni submitted its EOI and resolution plan, but the EMD was deposited late due to public holidays.
The CoC approved Dorni's resolution plan with 99.87% votes.
Yaana and Krishna filed intervener petitions alleging illegalities in Dorni's plan approval.
The Adjudicating Authority allowed Yaana and Krishna's petitions, setting aside the CoC's approval of Dorni's plan.
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CIRP against I…
Last date for…
The case involves appeals against an order by the Adjudicating Authority regarding the admission of Dorni Vinimoy Private Limited into the resolution process of Imperial Tubes Private Limited. Yaana Apparels Pvt. Ltd. and Krishna Wax, unsuccessful resolution applicants, challenged Dorni's admission, which was initially condoned by the Adjudicating Authority.
CIRP commenced against Imperial Tubes Private Limited on 22.08.2022.
The RP issued Form G, setting 21.10.2022 as the last date for EOI receipt.
Dorni submitted its EOI 47 days after the stipulated deadline.
The RP initially rejected Dorni's EOI on 27.12.2022.
Dorni approached the Adjudicating Authority, which condoned the delay on 20.01.2023.
Dorni submitted its EOI and resolution plan, but the EMD was deposited late due to public holidays.
The CoC approved Dorni's resolution plan with 99.87% votes.
Yaana and Krishna filed intervener petitions alleging illegalities in Dorni's plan approval.
The Adjudicating Authority allowed Yaana and Krishna's petitions, setting aside the CoC's approval of Dorni's plan.
CIRP against I…
Last date for…