The case involves an application (IA (IB) No.751/KB/2020) filed by the Resolution Professional (RP) of Goouksheer Farm Fresh Private Limited (Corporate Debtor) seeking liquidation due to the absence of a Resolution Plan. An earlier application (IA (IB) No.525/KB/2020) was filed by a Financial Creditor challenging the RP's decision to admit the claim of New Hind Silk House P. Ltd. and include them in the Committee of Creditors (CoC). The Adjudicating Authority had dismissed this earlier application on 17.06.2020, and an appeal (Company Appeal (AT) (Insolvency) No.615 of 2020) was preferred against that order.
P.M. Cold Storage Private Limited is the Financial Creditor. Goouksheer Farm Fresh Private Limited is the Corporate Debtor undergoing the Corporate Insolvency Resolution Process (CIRP). Sanjeev Kumar Jhunjhunwala is the Resolution Professional (RP) for the Corporate Debtor. The RP filed an application (IA (IB) No.751/KB/2020) seeking liquidation of the Corporate Debtor due to the absence of a Resolution Plan. New Hind Silk House P. Ltd.'s inclusion in the CoC was challenged by the Financial Creditor, leading to an appeal against the Adjudicating Authority's order dated 17.06.2020. The Adjudicating Authority had previously adjourned the liquidation application pending the appeal's outcome. The RP had encashed the only asset of the Corporate Debtor but had not refunded
…Sign in to view the parties.
The Adjudicating Authority dismissed the…
An appeal (Company Appeal (AT) (Insolvency)…
Sign in to view related legal provisions.
The case involves an application (IA (IB) No.751/KB/2020) filed by the Resolution Professional (RP) of Goouksheer Farm Fresh Private Limited (Corporate Debtor) seeking liquidation due to the absence of a Resolution Plan. An earlier application (IA (IB) No.525/KB/2020) was filed by a Financial Creditor challenging the RP's decision to admit the claim of New Hind Silk House P. Ltd. and include them in the Committee of Creditors (CoC). The Adjudicating Authority had dismissed this earlier application on 17.06.2020, and an appeal (Company Appeal (AT) (Insolvency) No.615 of 2020) was preferred against that order.
P.M. Cold Storage Private Limited is the Financial Creditor. Goouksheer Farm Fresh Private Limited is the Corporate Debtor undergoing the Corporate Insolvency Resolution Process (CIRP). Sanjeev Kumar Jhunjhunwala is the Resolution Professional (RP) for the Corporate Debtor. The RP filed an application (IA (IB) No.751/KB/2020) seeking liquidation of the Corporate Debtor due to the absence of a Resolution Plan. New Hind Silk House P. Ltd.'s inclusion in the CoC was challenged by the Financial Creditor, leading to an appeal against the Adjudicating Authority's order dated 17.06.2020. The Adjudicating Authority had previously adjourned the liquidation application pending the appeal's outcome. The RP had encashed the only asset of the Corporate Debtor but had not refunded
…The Adjudicating Authority dismissed the…
An appeal (Company Appeal (AT) (Insolvency)…
Sign in to view related legal provisions.