The case involves an application (I.A. No. 3687 of 2021) preferred by Mr. Amanjyot Singh Gulati under Section 60(5) of the Insolvency and Bankruptcy Code (IBC), 2016, read with Rule 11 of the NCLT Rules, 2016. Mr. Gulati had previously filed an application (IB-957/(PB)/2020) under Section 94 of the IBC for initiating an Insolvency Resolution Process (IRP) against himself as a Personal Guarantor. The Adjudicating Authority had appointed Mr. Navneet Kumar Jain as the Resolution Professional (RP).
Mr. Amanjyot Singh Gulati, the Applicant, filed an application (IB-957/(PB)/2020) under Section 94 of the IBC, 2016, for initiating an Insolvency Resolution Process against himself as a Personal Guarantor. In an earlier order dated 23.10.2020, the Adjudicating Authority appointed Mr. Navneet Kumar Jain as the Resolution Professional (RP). However, the order inadvertently contained the details of another IP, Mr. Vivek Kumar, due to a typographical error. The present application (I.A. No. 3687 of 2021) was filed to bring this error to the court's notice. The relevant fact is the clerical error in the previous order, which needed to be rectified to ensure the correct IP was on record for the ongoing insolvency resolution process.
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Order issued appointing Mr. Navneet Kumar Jain…
Order rectifying the clerical error and…
The case involves an application (I.A. No. 3687 of 2021) preferred by Mr. Amanjyot Singh Gulati under Section 60(5) of the Insolvency and Bankruptcy Code (IBC), 2016, read with Rule 11 of the NCLT Rules, 2016. Mr. Gulati had previously filed an application (IB-957/(PB)/2020) under Section 94 of the IBC for initiating an Insolvency Resolution Process (IRP) against himself as a Personal Guarantor. The Adjudicating Authority had appointed Mr. Navneet Kumar Jain as the Resolution Professional (RP).
Mr. Amanjyot Singh Gulati, the Applicant, filed an application (IB-957/(PB)/2020) under Section 94 of the IBC, 2016, for initiating an Insolvency Resolution Process against himself as a Personal Guarantor. In an earlier order dated 23.10.2020, the Adjudicating Authority appointed Mr. Navneet Kumar Jain as the Resolution Professional (RP). However, the order inadvertently contained the details of another IP, Mr. Vivek Kumar, due to a typographical error. The present application (I.A. No. 3687 of 2021) was filed to bring this error to the court's notice. The relevant fact is the clerical error in the previous order, which needed to be rectified to ensure the correct IP was on record for the ongoing insolvency resolution process.
Order issued appointing Mr. Navneet Kumar Jain…
Order rectifying the clerical error and…