CA 578/2019 is a joint application praying for the termination of the Corporate Insolvency Resolution (CIR) process. The CIR process was initiated by an order dated April 23, 2019. The Interim Resolution Professional (IRP) confirmed that no Committee of Creditors (COC) had been constituted. The decision relies on the Hon'ble Apex Court's decision in 'Swiss Ribbons Pvt. Ltd. & Anr. Vs. Union of India & Ors.', W.P.(C) 99/2018.
A joint application was filed to terminate the CIR process initiated by an order dated April 23, 2019. The IRP confirmed that no COC had been constituted. Mr. Ashok Kumar Juneja, Advocate, raised objections regarding unpaid professional fees and a dishonored cheque. Steps were taken to transfer the amount to the Bank account of the Ld. Counsel through NEFT. Ld. Counsel confirmed receipt of the amount under the dishonoured instrument. The amount under the dishonoured cheque has been duly paid to him.
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The CIR process was set…
Hearing before the New…
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CA 578/2019 is a joint application praying for the termination of the Corporate Insolvency Resolution (CIR) process. The CIR process was initiated by an order dated April 23, 2019. The Interim Resolution Professional (IRP) confirmed that no Committee of Creditors (COC) had been constituted. The decision relies on the Hon'ble Apex Court's decision in 'Swiss Ribbons Pvt. Ltd. & Anr. Vs. Union of India & Ors.', W.P.(C) 99/2018.
A joint application was filed to terminate the CIR process initiated by an order dated April 23, 2019. The IRP confirmed that no COC had been constituted. Mr. Ashok Kumar Juneja, Advocate, raised objections regarding unpaid professional fees and a dishonored cheque. Steps were taken to transfer the amount to the Bank account of the Ld. Counsel through NEFT. Ld. Counsel confirmed receipt of the amount under the dishonoured instrument. The amount under the dishonoured cheque has been duly paid to him.
The CIR process was set…
Hearing before the New…
Sign in to view related legal provisions.