These are twin appeals arising out of two separate orders of the Adjudicating Authority dated 17.04.2025 in I.A. No. 337 of 2025 in CP (IB) No. 14 of 2024 and I.A. No. 336 of 2025 in CP (IB) No. 13 of 2024. The separate petitions which the appellants had filed under Section 94 IBC were dismissed.
The appellants filed separate petitions under Section 94 IBC on 04.10.2023.
On 16.01.2024, the Adjudicating Authority appointed a Resolution Professional and directed the appellants to serve copies of their petitions on the RP.
The appellants did not comply with the direction to serve copies of their petitions on the RP.
The Financial Creditor filed I.A. No. 337 of 2025 and I.A. No. 336 of 2025 seeking a direction to the RP to file its report under Sec. 99 of IBC.
On 04.04.2025, the Adjudicating Authority ordered notice on the applications filed by the Financial Creditor.
On 17.04.2025, the RP did not appear, and the Adjudicating Authority dismissed the petitions filed by the appellants under Section 94 IBC.
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These are twin appeals arising out of two separate orders of the Adjudicating Authority dated 17.04.2025 in I.A. No. 337 of 2025 in CP (IB) No. 14 of 2024 and I.A. No. 336 of 2025 in CP (IB) No. 13 of 2024. The separate petitions which the appellants had filed under Section 94 IBC were dismissed.
The appellants filed separate petitions under Section 94 IBC on 04.10.2023.
On 16.01.2024, the Adjudicating Authority appointed a Resolution Professional and directed the appellants to serve copies of their petitions on the RP.
The appellants did not comply with the direction to serve copies of their petitions on the RP.
The Financial Creditor filed I.A. No. 337 of 2025 and I.A. No. 336 of 2025 seeking a direction to the RP to file its report under Sec. 99 of IBC.
On 04.04.2025, the Adjudicating Authority ordered notice on the applications filed by the Financial Creditor.
On 17.04.2025, the RP did not appear, and the Adjudicating Authority dismissed the petitions filed by the appellants under Section 94 IBC.
…Both appellants filed…
The Adjudicating Authority appointed a…