The application was moved by the applicant, Mr. P. Sriram, the Interim Resolution Professional (IRP) appointed by the Tribunal. The initial application was filed by the Operational Creditor, Mr. J. Sridhar of M/s. Loyal Enterprises, Coimbatore, with an order dated 2019-12-04. The present application seeks withdrawal of the Corporate Insolvency Resolution Process (CIRP) under Section 12A of the IBC, 2016. An earlier application, MA/1352/2019, under Section 12A of IBC, 2016, was rejected on 2019-12-11, directing the IRP to publish in the paper and await the claim period. The application was filed after paper publication in 'News Today' and 'Malai Chudar' on 2019-12-11. A mistake by the publisher regarding the last date for claim acceptance was rectified by a corrigendum
…Mr. P. Sriram was appointed as the Interim Resolution Professional (IRP) by the Tribunal. Mr. J. Sridhar of M/s. Loyal Enterprises, Coimbatore, filed the initial application as an Operational Creditor. The Tribunal issued an order on 2019-12-04. The current application seeks withdrawal of the Corporate Insolvency Resolution Process (CIRP) under Section 12A of the IBC, 2016. An earlier application, MA/1352/2019, under Section 12A of IBC, 2016, was rejected on 2019-12-11, with directions for paper publication and awaiting the claim period. Paper publication was done in 'News Today' and 'Malai Chudar' on 2019-12-11. A mistake in the publication regarding the last date for claim acceptance was rectified by a corrigendum on 2019-12-12. The only claim received was from the
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Order issued by the…
Tribunal rejected…
The application was moved by the applicant, Mr. P. Sriram, the Interim Resolution Professional (IRP) appointed by the Tribunal. The initial application was filed by the Operational Creditor, Mr. J. Sridhar of M/s. Loyal Enterprises, Coimbatore, with an order dated 2019-12-04. The present application seeks withdrawal of the Corporate Insolvency Resolution Process (CIRP) under Section 12A of the IBC, 2016. An earlier application, MA/1352/2019, under Section 12A of IBC, 2016, was rejected on 2019-12-11, directing the IRP to publish in the paper and await the claim period. The application was filed after paper publication in 'News Today' and 'Malai Chudar' on 2019-12-11. A mistake by the publisher regarding the last date for claim acceptance was rectified by a corrigendum
…Mr. P. Sriram was appointed as the Interim Resolution Professional (IRP) by the Tribunal. Mr. J. Sridhar of M/s. Loyal Enterprises, Coimbatore, filed the initial application as an Operational Creditor. The Tribunal issued an order on 2019-12-04. The current application seeks withdrawal of the Corporate Insolvency Resolution Process (CIRP) under Section 12A of the IBC, 2016. An earlier application, MA/1352/2019, under Section 12A of IBC, 2016, was rejected on 2019-12-11, with directions for paper publication and awaiting the claim period. Paper publication was done in 'News Today' and 'Malai Chudar' on 2019-12-11. A mistake in the publication regarding the last date for claim acceptance was rectified by a corrigendum on 2019-12-12. The only claim received was from the
…Order issued by the…
Tribunal rejected…