Uma Shankar Geonka, the suspended director of Calzini Fashions Ltd., filed an appeal against Kailash Chandra Jain, the Interim Resolution Professional (IRP) of Jayna Traders Pvt. Ltd. & Anr. The appeal contested an order dated 03.08.2022, where the Adjudicating Authority adjourned Application I.A. No. 3657 of 2022, filed under Section 12A of the Insolvency and Bankruptcy Code (IBC), to 26.08.2022. The appellant argued that the Section 12A application was filed before the constitution of the Committee of Creditors (CoC). All outstanding dues of the Operational Creditor, including CIRP dues, had been paid. The IRP had no objection to allowing I.A. No. 3657/2022. The key fact is that the Section 12A application was filed before the CoC was formed, which influenced the

Uma Shankar Geonka, the suspended director of Calzini Fashions Ltd., filed an appeal against Kailash Chandra Jain, the Interim Resolution Professional (IRP) of Jayna Traders Pvt. Ltd. & Anr. The appeal contested an order dated 03.08.2022, where the Adjudicating Authority adjourned Application I.A. No. 3657 of 2022, filed under Section 12A of the Insolvency and Bankruptcy Code (IBC), to 26.08.2022. The appellant argued that the Section 12A application was filed before the constitution of the Committee of Creditors (CoC). All outstanding dues of the Operational Creditor, including CIRP dues, had been paid. The IRP had no objection to allowing I.A. No. 3657/2022. The key fact is that the Section 12A application was filed before the CoC was formed, which influenced the