An application (CA-161/C-V/ND/2019) was filed by the Operational Creditor seeking termination of the Corporate Insolvency Resolution Process (CIRP). The order of admission was not communicated to the Interim Resolution Professional (IRP), and no steps were taken to invite claims or form the Committee of Creditors (CoC). The IRP, Mr. Alok, confirmed this fact.
M/s. Aargus Global Logistics Pvt. Ltd. initiated a CIRP against M/s East West Logistics Pvt Ltd. An application was filed by the Operational Creditor to terminate the CIRP process. The order of admission was not communicated to the IRP, and no steps were taken to form the CoC. The IRP confirmed this. The court considered the 'Swiss Ribbons' case and terminated the CIRP, releasing the Corporate Debtor from the moratorium.
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The order was d…
An application (CA-161/C-V/ND/2019) was filed by the Operational Creditor seeking termination of the Corporate Insolvency Resolution Process (CIRP). The order of admission was not communicated to the Interim Resolution Professional (IRP), and no steps were taken to invite claims or form the Committee of Creditors (CoC). The IRP, Mr. Alok, confirmed this fact.
M/s. Aargus Global Logistics Pvt. Ltd. initiated a CIRP against M/s East West Logistics Pvt Ltd. An application was filed by the Operational Creditor to terminate the CIRP process. The order of admission was not communicated to the IRP, and no steps were taken to form the CoC. The IRP confirmed this. The court considered the 'Swiss Ribbons' case and terminated the CIRP, releasing the Corporate Debtor from the moratorium.
The order was d…