The case involves an appeal against an order dated 27/06/2023 passed by the Adjudicating Authority (National Company Law Tribunal, Special Bench – I, Chennai). The appellant, the Promoter and erstwhile Director of Dharani Sugars & Chemicals Limited, challenged the dismissal of applications (I.A.(IBC)/380/CHE/2023, I.A.(IBC)/490/CHE/2023, and INV.P/5(CHE)/2023) filed in IBA/976/2019 by the Resolution Professional (RP) seeking an extension of the Corporate Insolvency Resolution Process (CIRP) beyond 330 days. The CIRP proceedings for Dharani Sugars and Chemicals Limited were initiated on 29.07.2021, and S. Rajendran was appointed as the Interim Resolution Professional. An earlier order dated 29.07.2021 was challenged, and the NCLAT passed an order on 27.08.2021
…The Corporate Insolvency Resolution Process (CIRP) was initiated for Dharani Sugars and Chemicals Limited on 2021-07-29, with S. Rajendran appointed as the Interim Resolution Professional. The initial order was challenged, leading to an NCLAT order on 2021-08-27. The Committee of Creditors (CoC) and the Adjudicating Authority extended the CIRP period multiple times. The Resolution Professional (RP) filed three applications seeking further extensions of the CIRP period beyond 330 days: I.A. (IBC)/380/CHE/2022 (2023-02-20 to 2023-03-21), I.A.(IBC)/490/CHE/2022 (2023-03-22 to 2023-05-20), and Diary No. 3305118/01516/2023 (2023-05-21 to 2023-08-18). During the pendency of these applications, the RP also filed I.A. No. 1023 of 2023 seeking liquidation of the Corporate
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CIRP proceedings initiated for Dharani…
NCLAT passes an order regarding the hearing of…
The case involves an appeal against an order dated 27/06/2023 passed by the Adjudicating Authority (National Company Law Tribunal, Special Bench – I, Chennai). The appellant, the Promoter and erstwhile Director of Dharani Sugars & Chemicals Limited, challenged the dismissal of applications (I.A.(IBC)/380/CHE/2023, I.A.(IBC)/490/CHE/2023, and INV.P/5(CHE)/2023) filed in IBA/976/2019 by the Resolution Professional (RP) seeking an extension of the Corporate Insolvency Resolution Process (CIRP) beyond 330 days. The CIRP proceedings for Dharani Sugars and Chemicals Limited were initiated on 29.07.2021, and S. Rajendran was appointed as the Interim Resolution Professional. An earlier order dated 29.07.2021 was challenged, and the NCLAT passed an order on 27.08.2021
…The Corporate Insolvency Resolution Process (CIRP) was initiated for Dharani Sugars and Chemicals Limited on 2021-07-29, with S. Rajendran appointed as the Interim Resolution Professional. The initial order was challenged, leading to an NCLAT order on 2021-08-27. The Committee of Creditors (CoC) and the Adjudicating Authority extended the CIRP period multiple times. The Resolution Professional (RP) filed three applications seeking further extensions of the CIRP period beyond 330 days: I.A. (IBC)/380/CHE/2022 (2023-02-20 to 2023-03-21), I.A.(IBC)/490/CHE/2022 (2023-03-22 to 2023-05-20), and Diary No. 3305118/01516/2023 (2023-05-21 to 2023-08-18). During the pendency of these applications, the RP also filed I.A. No. 1023 of 2023 seeking liquidation of the Corporate
…CIRP proceedings initiated for Dharani…
NCLAT passes an order regarding the hearing of…