The case involves an application under the Insolvency and Bankruptcy Code (IBC). After an order was passed on 2018-01-04, a direction was given to the Registry to refer a name to IBBI for the appointment of an Interim Resolution Professional (IRP). The IRP was appointed on 2018-01-12, based on IBBI's recommendation. However, the Operational Creditor did not make the payment for the public announcement to be made by the IRP. The IRP communicated with the Operational Creditor, but received no response. The IRP also tried to locate the Operational Creditor and Corporate Debtor's registered office but was unsuccessful.
An application was filed under the IBC. The court directed the registry to refer a name to IBBI for the appointment of an IRP after passing an order on 2018-01-04. The IRP was appointed on 2018-01-12, based on IBBI's recommendation. The Operational Creditor did not make payment for the public announcement. The IRP communicated with the Operational Creditor but received no response and could not locate the Operational Creditor or Corporate Debtor's registered office. The Operational Creditor received Rs. 1,60,000 on 2018-02-08, which was considered full and final payment by the Corporate Debtor. The total outstanding claim against the Corporate Debtor was Rs. 1,75,698. The Operational Creditor had received a Demand Draft No. 422931 dated 2018-02-06 for a sum. The
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An order was passed directing the Registry to…
The IRP was appointed…
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The case involves an application under the Insolvency and Bankruptcy Code (IBC). After an order was passed on 2018-01-04, a direction was given to the Registry to refer a name to IBBI for the appointment of an Interim Resolution Professional (IRP). The IRP was appointed on 2018-01-12, based on IBBI's recommendation. However, the Operational Creditor did not make the payment for the public announcement to be made by the IRP. The IRP communicated with the Operational Creditor, but received no response. The IRP also tried to locate the Operational Creditor and Corporate Debtor's registered office but was unsuccessful.
An application was filed under the IBC. The court directed the registry to refer a name to IBBI for the appointment of an IRP after passing an order on 2018-01-04. The IRP was appointed on 2018-01-12, based on IBBI's recommendation. The Operational Creditor did not make payment for the public announcement. The IRP communicated with the Operational Creditor but received no response and could not locate the Operational Creditor or Corporate Debtor's registered office. The Operational Creditor received Rs. 1,60,000 on 2018-02-08, which was considered full and final payment by the Corporate Debtor. The total outstanding claim against the Corporate Debtor was Rs. 1,75,698. The Operational Creditor had received a Demand Draft No. 422931 dated 2018-02-06 for a sum. The
…An order was passed directing the Registry to…
The IRP was appointed…
Sign in to view related legal provisions.