The case involves an application (CA 198/2018) filed by the Resolution Professional (RP) under Section 33(1)(a) read with Section 33(2) of the Insolvency and Bankruptcy Code (IBC) seeking an order for the liquidation of the Corporate Debtor, Dream Land Retailor Pvt. Ltd. The Committee of Creditors (COC) recommended the RP's appointment as the Insolvency Liquidator, but the RP declined due to unpaid fees and expenses. The COC accepted the final decision of the bench.
The Resolution Professional (RP) filed CA 198/2018 under Section 33(1)(a) read with Section 33(2) of the IBC, seeking liquidation of Dream Land Retailor Pvt. Ltd. Karnataka Bank is the major claimant with a claim of Rs. 5.92 crores. No resolution plan was received. The RP declined to be appointed as the Insolvency Liquidator due to unpaid fees and expenses. The COC accepted the final decision of the bench.
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Order delive…
Case listed on 19th September, 2018 for…
The case involves an application (CA 198/2018) filed by the Resolution Professional (RP) under Section 33(1)(a) read with Section 33(2) of the Insolvency and Bankruptcy Code (IBC) seeking an order for the liquidation of the Corporate Debtor, Dream Land Retailor Pvt. Ltd. The Committee of Creditors (COC) recommended the RP's appointment as the Insolvency Liquidator, but the RP declined due to unpaid fees and expenses. The COC accepted the final decision of the bench.
The Resolution Professional (RP) filed CA 198/2018 under Section 33(1)(a) read with Section 33(2) of the IBC, seeking liquidation of Dream Land Retailor Pvt. Ltd. Karnataka Bank is the major claimant with a claim of Rs. 5.92 crores. No resolution plan was received. The RP declined to be appointed as the Insolvency Liquidator due to unpaid fees and expenses. The COC accepted the final decision of the bench.
Order delive…
Case listed on 19th September, 2018 for…