The document pertains to two Interlocutory Applications (IAs) filed under the Insolvency and Bankruptcy Code (IBC), 2016. IA No. 201/JPR/2021 was filed by the Operational Creditor/Applicant, Sangam (India) Ltd., against the Corporate Debtor, Aarti Suitings Pvt. Ltd. IA No. 203/JPR/2021 was filed by the Financial Creditor of the Corporate Debtor, M/s Adig Jemtex Pvt. Ltd., seeking to replace the Interim Resolution Professional (IRP), Mr. Rishabh Chand Lodha, with Mr. Kamal Kumar Jain as the Insolvency Professional.
Sangam (India) Ltd., an Operational Creditor, filed an application against Aarti Suitings Pvt. Ltd., the Corporate Debtor. Bank of Baroda is also listed as an applicant in the matter of IA No. 203/JPR/2021 & IA No. 201/JPR/2021. M/s Adig Jemtex Pvt. Ltd., the Financial Creditor of the Corporate Debtor, filed an application to replace Mr. Rishabh Chand Lodha, the IRP, with Mr. Kamal Kumar Jain as the Insolvency Professional. The CIRP against Aarti Suitings Pvt. Ltd. was initiated when CP No. 01/9/JPR/2021 was admitted on 17.06.2021, and Mr. Rishabh Chand Lodha was appointed as the IRP on the same date. The CoC, in its first meeting on 17.07.2021, with 100% voting share, resolved to replace the IRP with Mr. Kamal Kumar Jain as the RP.
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CP No. 01/9/JPR/2021 was admitted, initiating…
The CoC held its first meeting and resolved to…
The document pertains to two Interlocutory Applications (IAs) filed under the Insolvency and Bankruptcy Code (IBC), 2016. IA No. 201/JPR/2021 was filed by the Operational Creditor/Applicant, Sangam (India) Ltd., against the Corporate Debtor, Aarti Suitings Pvt. Ltd. IA No. 203/JPR/2021 was filed by the Financial Creditor of the Corporate Debtor, M/s Adig Jemtex Pvt. Ltd., seeking to replace the Interim Resolution Professional (IRP), Mr. Rishabh Chand Lodha, with Mr. Kamal Kumar Jain as the Insolvency Professional.
Sangam (India) Ltd., an Operational Creditor, filed an application against Aarti Suitings Pvt. Ltd., the Corporate Debtor. Bank of Baroda is also listed as an applicant in the matter of IA No. 203/JPR/2021 & IA No. 201/JPR/2021. M/s Adig Jemtex Pvt. Ltd., the Financial Creditor of the Corporate Debtor, filed an application to replace Mr. Rishabh Chand Lodha, the IRP, with Mr. Kamal Kumar Jain as the Insolvency Professional. The CIRP against Aarti Suitings Pvt. Ltd. was initiated when CP No. 01/9/JPR/2021 was admitted on 17.06.2021, and Mr. Rishabh Chand Lodha was appointed as the IRP on the same date. The CoC, in its first meeting on 17.07.2021, with 100% voting share, resolved to replace the IRP with Mr. Kamal Kumar Jain as the RP.
CP No. 01/9/JPR/2021 was admitted, initiating…
The CoC held its first meeting and resolved to…