CA 354/2018 was filed to terminate CIR proceedings based on a decision by the COC. The RP's report indicated no claims were received initially, with the Applicant/Operational Creditor forming the COC as the sole claimant. The RP was informed of income tax dues and payments to an employee. The Corporate Debtor has liquidated debts to all three entities, leading the COC to decide to terminate the CIR proceedings. An affidavit from Mr. K. L. Baid, representing the COC, was submitted.
The Applicant/Operational Creditor was the sole claimant and formed the COC. The Corporate Debtor liquidated debts towards all three entities. The COC decided to terminate the CIR proceedings. Mr. Surinder Yadav, an employee, settled his claim. The Corporate Debtor paid income tax dues of Rs. 35,46,000. The RP confirmed the correctness of the proceedings. The moratorium imposed under Section 14 of the Code was lifted. The expenses of the RP were met by the Corporate Debtor. The resolution passed by Simplex Infrastructure Ltd. to terminate CIR proceedings is on record.
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Mr. Surinder Yadav's claim was settled, as…
Hearing before the New…
CA 354/2018 was filed to terminate CIR proceedings based on a decision by the COC. The RP's report indicated no claims were received initially, with the Applicant/Operational Creditor forming the COC as the sole claimant. The RP was informed of income tax dues and payments to an employee. The Corporate Debtor has liquidated debts to all three entities, leading the COC to decide to terminate the CIR proceedings. An affidavit from Mr. K. L. Baid, representing the COC, was submitted.
The Applicant/Operational Creditor was the sole claimant and formed the COC. The Corporate Debtor liquidated debts towards all three entities. The COC decided to terminate the CIR proceedings. Mr. Surinder Yadav, an employee, settled his claim. The Corporate Debtor paid income tax dues of Rs. 35,46,000. The RP confirmed the correctness of the proceedings. The moratorium imposed under Section 14 of the Code was lifted. The expenses of the RP were met by the Corporate Debtor. The resolution passed by Simplex Infrastructure Ltd. to terminate CIR proceedings is on record.
Mr. Surinder Yadav's claim was settled, as…
Hearing before the New…