The case involves applications IA 660/2024 and IA 820/2024 filed in Company Petition (IB) No. 149/BB/2023. IA 660/2024 was filed by Aditya Birla Finance Limited challenging its reclassification as an Operational Creditor. IA 820/2024 was filed by Glas Trust Company LLC challenging the reconstitution of the Committee of Creditors (CoC).
The Tribunal admitted Think and Learn Private Limited into CIRP on 16.07.2024.
Aditya Birla Finance Limited filed a claim as a Financial Creditor for Rs. 47,12,00,000.
The NCLAT set aside the CIRP initiation on 02.08.2024, but the Supreme Court stayed the NCLAT order on 14.08.2024, reinstating the CIRP.
The IRP constituted a CoC on 21.08.2024, including Glas Trust Company LLC, Aditya Birla Finance Limited, Incred Financial Services Limited, and ICICI Bank Limited.
The IRP reclassified Aditya Birla Finance Limited as an Operational Creditor and reconstituted the CoC.
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The Tribunal initiated…
Public announcement was…
The case involves applications IA 660/2024 and IA 820/2024 filed in Company Petition (IB) No. 149/BB/2023. IA 660/2024 was filed by Aditya Birla Finance Limited challenging its reclassification as an Operational Creditor. IA 820/2024 was filed by Glas Trust Company LLC challenging the reconstitution of the Committee of Creditors (CoC).
The Tribunal admitted Think and Learn Private Limited into CIRP on 16.07.2024.
Aditya Birla Finance Limited filed a claim as a Financial Creditor for Rs. 47,12,00,000.
The NCLAT set aside the CIRP initiation on 02.08.2024, but the Supreme Court stayed the NCLAT order on 14.08.2024, reinstating the CIRP.
The IRP constituted a CoC on 21.08.2024, including Glas Trust Company LLC, Aditya Birla Finance Limited, Incred Financial Services Limited, and ICICI Bank Limited.
The IRP reclassified Aditya Birla Finance Limited as an Operational Creditor and reconstituted the CoC.
…The Tribunal initiated…
Public announcement was…