The case involves an application for the issuance of a direction to exclude a certain period from the Corporate Insolvency Resolution Process (CIRP) timeline. CA 911(PB)/2019 was filed seeking to exclude the period from 25.05.2018 until the present date. This request stems from the fact that CA 1128(PB)/2018, filed on 25.10.2018, is still pending, and the ex-promoters/directors have not been cooperating with the Resolution Professional by providing necessary information and documents. The Committee of Creditors (CoC) supported this application through a resolution passed in its 6th meeting held on 03.05.2019.
The Corporate Insolvency Resolution Process (CIRP) is ongoing for BHN Daries & Allied Ltd. An application, CA 911(PB)/2019, was filed seeking to exclude a certain period from the CIRP timeline, specifically from 25.05.2018 to the present date. This application was prompted by the fact that CA 1128(PB)/2018, filed on 25.10.2018, is still pending. The ex-promoters/directors have allegedly not been cooperating with the Resolution Professional by failing to provide necessary information and documents. The Committee of Creditors (CoC) supported the application for exclusion through a resolution passed with 99.89% votes in its 6th meeting held on 03.05.2019. The 270-day period for the CIRP was nearing its end on 11.05.2019. Mr. Vohar Singh Dillon, a non-applicant
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The period from this…
CA 1128(PB)/2018 was…
The case involves an application for the issuance of a direction to exclude a certain period from the Corporate Insolvency Resolution Process (CIRP) timeline. CA 911(PB)/2019 was filed seeking to exclude the period from 25.05.2018 until the present date. This request stems from the fact that CA 1128(PB)/2018, filed on 25.10.2018, is still pending, and the ex-promoters/directors have not been cooperating with the Resolution Professional by providing necessary information and documents. The Committee of Creditors (CoC) supported this application through a resolution passed in its 6th meeting held on 03.05.2019.
The Corporate Insolvency Resolution Process (CIRP) is ongoing for BHN Daries & Allied Ltd. An application, CA 911(PB)/2019, was filed seeking to exclude a certain period from the CIRP timeline, specifically from 25.05.2018 to the present date. This application was prompted by the fact that CA 1128(PB)/2018, filed on 25.10.2018, is still pending. The ex-promoters/directors have allegedly not been cooperating with the Resolution Professional by failing to provide necessary information and documents. The Committee of Creditors (CoC) supported the application for exclusion through a resolution passed with 99.89% votes in its 6th meeting held on 03.05.2019. The 270-day period for the CIRP was nearing its end on 11.05.2019. Mr. Vohar Singh Dillon, a non-applicant
…The period from this…
CA 1128(PB)/2018 was…