The case pertains to an application (IA/278/IB/2020) filed in CP/938/IB/2018 under Section 12(2) of the Insolvency and Bankruptcy Code, 2016, read with Regulation 40(2) of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The application was filed by the Resolution Professional of M/s. Ambojini Property Developers Private Limited, seeking an extension of the Corporate Insolvency Resolution Process (CIRP). The CIRP was initiated against the Corporate Debtor on 10.09.2019. The Resolution Professional was appointed on 22.10.2019. An application was moved by ASK Investment Managers Limited alleging that their status as a member of CoC was not crystallized by the RP. The Tribunal held that ASK Investment Managers Limited was not a related
…M/s. Ambojini Property Developers Private Limited is undergoing Corporate Insolvency Resolution Process (CIRP). The CIRP was initiated on 10.09.2019. Mr. Anil Kumar Khicha is the Resolution Professional (RP). The RP filed an application (IA/278/IB/2020) seeking an extension of the CIRP period by 90 days under Section 12(2) of the Insolvency and Bankruptcy Code, 2016. The initial CIRP period of 180 days was expiring on 08.03.2020. An application was moved by ASK Investment Managers Limited alleging that their status as a member of CoC was not crystallized by the RP. The Tribunal held that ASK Investment Managers Limited was not a related party to the Corporate Debtor and hence shall be included in the CoC. The RP received 162 claims from Home Buyers (FC), one claim from
…Sign in to view the parties.
Corporate Insolvency…
The IRP on analysis of…
The case pertains to an application (IA/278/IB/2020) filed in CP/938/IB/2018 under Section 12(2) of the Insolvency and Bankruptcy Code, 2016, read with Regulation 40(2) of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The application was filed by the Resolution Professional of M/s. Ambojini Property Developers Private Limited, seeking an extension of the Corporate Insolvency Resolution Process (CIRP). The CIRP was initiated against the Corporate Debtor on 10.09.2019. The Resolution Professional was appointed on 22.10.2019. An application was moved by ASK Investment Managers Limited alleging that their status as a member of CoC was not crystallized by the RP. The Tribunal held that ASK Investment Managers Limited was not a related
…M/s. Ambojini Property Developers Private Limited is undergoing Corporate Insolvency Resolution Process (CIRP). The CIRP was initiated on 10.09.2019. Mr. Anil Kumar Khicha is the Resolution Professional (RP). The RP filed an application (IA/278/IB/2020) seeking an extension of the CIRP period by 90 days under Section 12(2) of the Insolvency and Bankruptcy Code, 2016. The initial CIRP period of 180 days was expiring on 08.03.2020. An application was moved by ASK Investment Managers Limited alleging that their status as a member of CoC was not crystallized by the RP. The Tribunal held that ASK Investment Managers Limited was not a related party to the Corporate Debtor and hence shall be included in the CoC. The RP received 162 claims from Home Buyers (FC), one claim from
…Corporate Insolvency…
The IRP on analysis of…