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 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 was rejected on 2019-12-11, directing the IRP to publish in newspapers and await claim acceptance. The 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 issued on 2019-12-12, stating the last
…Mr. P. Sriram was appointed as the Interim Resolution Professional (IRP) by the Tribunal following an application filed by the Operational Creditor, Mr. J. Sridhar of Loyal Enterprises, Coimbatore. The initial application was admitted on 2019-12-04. Subsequently, an application was filed under Section 12A of the IBC, 2016, seeking withdrawal of the Corporate Insolvency Resolution Process (CIRP). An earlier application for withdrawal (MA/1352/2019) was rejected on 2019-12-11, and the IRP was directed to publish a notice in newspapers. The publication was carried out in 'News Today' and 'Malai Chudar' on 2019-12-11. A mistake in the publication regarding the last date for acceptance of claims was rectified by a corrigendum issued on 2019-12-12, setting the last date as
…Sign in to view the parties.
Filing of the…
Tribunal order dated 2019-12-04 admitting…
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 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 was rejected on 2019-12-11, directing the IRP to publish in newspapers and await claim acceptance. The 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 issued on 2019-12-12, stating the last
…Mr. P. Sriram was appointed as the Interim Resolution Professional (IRP) by the Tribunal following an application filed by the Operational Creditor, Mr. J. Sridhar of Loyal Enterprises, Coimbatore. The initial application was admitted on 2019-12-04. Subsequently, an application was filed under Section 12A of the IBC, 2016, seeking withdrawal of the Corporate Insolvency Resolution Process (CIRP). An earlier application for withdrawal (MA/1352/2019) was rejected on 2019-12-11, and the IRP was directed to publish a notice in newspapers. The publication was carried out in 'News Today' and 'Malai Chudar' on 2019-12-11. A mistake in the publication regarding the last date for acceptance of claims was rectified by a corrigendum issued on 2019-12-12, setting the last date as
…Filing of the…
Tribunal order dated 2019-12-04 admitting…