The case pertains to an application filed under Section 21(6A)(b) of the Insolvency and Bankruptcy Code (IBC), 2016, read with Regulation 16A of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulation, 2016. The application seeks the appointment of Dr. Durga Das Aggarwal as the Authorised Representative of the Class of Creditors, specifically home buyers, who have nominated him to represent their interests in the Committee of Creditors (CoC).
Narender Kumar initiated a case against Aadinath Probuild (India) Pvt. Ltd. under Section 7 of the Insolvency & Bankruptcy Code, CIRP. An application, CA-1165(PB)/2018, was filed under Section 21(6A)(b) of the IBC, 2016, read with Regulation 16A of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulation, 2016. This application requested the appointment of Dr. Durga Das Aggarwal as the Authorised Representative for the Class of Creditors, specifically home buyers. The home buyers, exceeding ten in number, are entitled to nominate an Insolvency Professional to represent their interests in the CoC. Dr. Durga Das Aggarwal was voted and favored by 21 voting share of the home buyers.
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Order delivered on the application…
The case pertains to an application filed under Section 21(6A)(b) of the Insolvency and Bankruptcy Code (IBC), 2016, read with Regulation 16A of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulation, 2016. The application seeks the appointment of Dr. Durga Das Aggarwal as the Authorised Representative of the Class of Creditors, specifically home buyers, who have nominated him to represent their interests in the Committee of Creditors (CoC).
Narender Kumar initiated a case against Aadinath Probuild (India) Pvt. Ltd. under Section 7 of the Insolvency & Bankruptcy Code, CIRP. An application, CA-1165(PB)/2018, was filed under Section 21(6A)(b) of the IBC, 2016, read with Regulation 16A of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulation, 2016. This application requested the appointment of Dr. Durga Das Aggarwal as the Authorised Representative for the Class of Creditors, specifically home buyers. The home buyers, exceeding ten in number, are entitled to nominate an Insolvency Professional to represent their interests in the CoC. Dr. Durga Das Aggarwal was voted and favored by 21 voting share of the home buyers.
Order delivered on the application…