The case involves an Interlocutory Application filed by the Resolution Professional under Section 33(2) of the Insolvency and Bankruptcy Code (IBC), 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated by South Indian Bank Ltd against Atlas Gold Townships (India) Pvt Ltd under Section 7 of the IBC. The application was admitted by the Tribunal on November 19, 2019, and an Interim Resolution Professional was appointed. The promoters of the Corporate Debtor challenged the CIRP in the High Court of Kerala, which directed them to approach the NCLAT. The NCLAT dismissed their appeal. A public announcement was made for submission of claims. The Committee of Creditors (CoC) appointed Mr. Jasin Jose as the Resolution Professional. The CoC authorized South
…South Indian Bank Ltd initiated Corporate Insolvency Resolution Process (CIRP) against Atlas Gold Townships (India) Pvt Ltd under Section 7 of IBC. The application was admitted on November 19, 2019. The promoters of Atlas Gold Townships challenged the CIRP in the High Court of Kerala, but their appeal was dismissed by NCLAT on January 22, 2020. Public announcement was made for submission of claims under Section 15 of the Code. The first meeting of the Committee of Creditors (CoC) was held on March 9, 2020, where Jasin Jose was appointed as Resolution Professional. The CoC authorized South Indian Bank to file an application for replacement of the IRP by appointing Mr. Jasin Jose. The Tribunal passed orders approving the appointment of Jasin Jose as Resolution
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The application for Corporate Insolvency…
The Hon'ble High Court ordered that the…
The case involves an Interlocutory Application filed by the Resolution Professional under Section 33(2) of the Insolvency and Bankruptcy Code (IBC), 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated by South Indian Bank Ltd against Atlas Gold Townships (India) Pvt Ltd under Section 7 of the IBC. The application was admitted by the Tribunal on November 19, 2019, and an Interim Resolution Professional was appointed. The promoters of the Corporate Debtor challenged the CIRP in the High Court of Kerala, which directed them to approach the NCLAT. The NCLAT dismissed their appeal. A public announcement was made for submission of claims. The Committee of Creditors (CoC) appointed Mr. Jasin Jose as the Resolution Professional. The CoC authorized South
…South Indian Bank Ltd initiated Corporate Insolvency Resolution Process (CIRP) against Atlas Gold Townships (India) Pvt Ltd under Section 7 of IBC. The application was admitted on November 19, 2019. The promoters of Atlas Gold Townships challenged the CIRP in the High Court of Kerala, but their appeal was dismissed by NCLAT on January 22, 2020. Public announcement was made for submission of claims under Section 15 of the Code. The first meeting of the Committee of Creditors (CoC) was held on March 9, 2020, where Jasin Jose was appointed as Resolution Professional. The CoC authorized South Indian Bank to file an application for replacement of the IRP by appointing Mr. Jasin Jose. The Tribunal passed orders approving the appointment of Jasin Jose as Resolution
…The application for Corporate Insolvency…
The Hon'ble High Court ordered that the…