The appeal arises from an order dated 16.05.2025 passed by the Adjudicating Authority (National Company Law Tribunal, Chandigarh Bench-I) in I.A. No. 1935 of 2024 in C.P. (IB) 291 (CHD) of 2018, dismissing an application filed by the suspended management of the Corporate Debtor, Winsome Yarns Limited, seeking access to the first set of two valuation reports.
The Corporate Debtor, Winsome Yarns, was admitted into Corporate Insolvency Resolution Process (CIRP) on 22.12.2023.
Two valuers, M/s Gtech Valuers Pvt. Ltd. and M/s Value Edge Professionals Pvt. Ltd., were appointed to value the assets of the Corporate Debtor.
The CoC found the initial valuation reports to be high-pitched and decided to appoint two new valuers, M/s Kanassure Valuation Services Pvt. Ltd. and R&A Valuation LLP.
The Appellant requested copies of the first two valuation reports from the RP, but they were not provided.
The Adjudicating Authority dismissed IA No. 1935 of 2024, which sought directions for the RP to share the valuation reports.
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Corporate Insolvency…
Two valuers pr…
The appeal arises from an order dated 16.05.2025 passed by the Adjudicating Authority (National Company Law Tribunal, Chandigarh Bench-I) in I.A. No. 1935 of 2024 in C.P. (IB) 291 (CHD) of 2018, dismissing an application filed by the suspended management of the Corporate Debtor, Winsome Yarns Limited, seeking access to the first set of two valuation reports.
The Corporate Debtor, Winsome Yarns, was admitted into Corporate Insolvency Resolution Process (CIRP) on 22.12.2023.
Two valuers, M/s Gtech Valuers Pvt. Ltd. and M/s Value Edge Professionals Pvt. Ltd., were appointed to value the assets of the Corporate Debtor.
The CoC found the initial valuation reports to be high-pitched and decided to appoint two new valuers, M/s Kanassure Valuation Services Pvt. Ltd. and R&A Valuation LLP.
The Appellant requested copies of the first two valuation reports from the RP, but they were not provided.
The Adjudicating Authority dismissed IA No. 1935 of 2024, which sought directions for the RP to share the valuation reports.
…Corporate Insolvency…
Two valuers pr…