The case pertains to CP(IB) No. 84/BB/2019, involving M/s Pratap Chandra Pandhy & Ors as the petitioner and M/s Dreamz Infra India Ltd as the respondent. The matter was initially considered under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, for initiating the Corporate Insolvency Resolution Process (CIRP). An appeal, C.A. (AT) (Ins) No.34 of 2020, was filed against the order dated 17.12.2019. The NCLAT set aside the impugned order dated 17.12.2019 and remitted the matter back to the Adjudicating Authority.
M/s Pratap Chandra Pandhy & Ors filed CP(IB) No. 84/BB/2019 against M/s Dreamz Infra India Ltd under Section 7 of the IBC, 2016, seeking initiation of CIRP. The NCLAT, in C.A. (AT) (Ins) No.34 of 2020, set aside the Adjudicating Authority's order dated 17.12.2019. Mr. Hari T Devadiga is the Authorised Representative for the home buyers (financial creditors). The Adjudicating Authority was directed to forward the name of Mr. Konduru Prasanth Raju to the IBBI. Mr. Konduru Prasanth Raju was appointed as the new RP in place of Ashok Kriplani. The legality of actions taken by the previous RPs between 17.12.2019 and the present order was protected. The case was posted for a report from the RP on 09.04.2021. The order also addresses the handling of charges and fees
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The case pertains to CP(IB) No. 84/BB/2019, involving M/s Pratap Chandra Pandhy & Ors as the petitioner and M/s Dreamz Infra India Ltd as the respondent. The matter was initially considered under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, for initiating the Corporate Insolvency Resolution Process (CIRP). An appeal, C.A. (AT) (Ins) No.34 of 2020, was filed against the order dated 17.12.2019. The NCLAT set aside the impugned order dated 17.12.2019 and remitted the matter back to the Adjudicating Authority.
M/s Pratap Chandra Pandhy & Ors filed CP(IB) No. 84/BB/2019 against M/s Dreamz Infra India Ltd under Section 7 of the IBC, 2016, seeking initiation of CIRP. The NCLAT, in C.A. (AT) (Ins) No.34 of 2020, set aside the Adjudicating Authority's order dated 17.12.2019. Mr. Hari T Devadiga is the Authorised Representative for the home buyers (financial creditors). The Adjudicating Authority was directed to forward the name of Mr. Konduru Prasanth Raju to the IBBI. Mr. Konduru Prasanth Raju was appointed as the new RP in place of Ashok Kriplani. The legality of actions taken by the previous RPs between 17.12.2019 and the present order was protected. The case was posted for a report from the RP on 09.04.2021. The order also addresses the handling of charges and fees
…Order passed by the Adjudicating…
C.A. (AT) (Ins) No.34 of 2020 was preferred by…
Sign in to view related legal provisions.