The case involves an application (IA No.139/2020) filed under Section 19(2) of the Code seeking cooperation from the Suspended Management/Board regarding the CIRP. The application was filed in early 2020, and the court notes that the CIRP is still incomplete by the end of 2021. Additionally, IA No.232/2020 and IA No.201/2020 involve requests for time to file replies. IA No.201/2020 also addresses the unnecessary inclusion of IBBI as a respondent. IA NO.313/2021 concerns an application seeking refund of amounts advanced to the Suspended Board as per audited accounts of the Corporate Debtor.
The National Company Law Tribunal (NCLT) Allahabad Bench is hearing a case related to the Corporate Insolvency Resolution Process (CIRP) of B. B. Foods Pvt Ltd. Bank of India is the applicant/RP. IA No.139/2020 was filed seeking cooperation from the Suspended Management/Board. The CIRP process has been ongoing since early 2020 and is still incomplete by the end of 2021. The Insolvency & Bankruptcy Board of India (IBBI) was unnecessarily made a respondent in IA No.201/2020. IA NO.313/2021 is an application seeking refund of amounts advanced to the Suspended Board as per audited accounts of the Corporate Debtor. The court is addressing delays and procedural issues in the CIRP process.
Sign in to view the parties.
Application filed under Section 19(2) of the…
Hearing o…
The case involves an application (IA No.139/2020) filed under Section 19(2) of the Code seeking cooperation from the Suspended Management/Board regarding the CIRP. The application was filed in early 2020, and the court notes that the CIRP is still incomplete by the end of 2021. Additionally, IA No.232/2020 and IA No.201/2020 involve requests for time to file replies. IA No.201/2020 also addresses the unnecessary inclusion of IBBI as a respondent. IA NO.313/2021 concerns an application seeking refund of amounts advanced to the Suspended Board as per audited accounts of the Corporate Debtor.
The National Company Law Tribunal (NCLT) Allahabad Bench is hearing a case related to the Corporate Insolvency Resolution Process (CIRP) of B. B. Foods Pvt Ltd. Bank of India is the applicant/RP. IA No.139/2020 was filed seeking cooperation from the Suspended Management/Board. The CIRP process has been ongoing since early 2020 and is still incomplete by the end of 2021. The Insolvency & Bankruptcy Board of India (IBBI) was unnecessarily made a respondent in IA No.201/2020. IA NO.313/2021 is an application seeking refund of amounts advanced to the Suspended Board as per audited accounts of the Corporate Debtor. The court is addressing delays and procedural issues in the CIRP process.
Application filed under Section 19(2) of the…
Hearing o…