The case involves an application filed by the Respondent seeking dismissal of the petition filed by the Financial Creditor, Oriental Bank of Commerce, against the Corporate Debtor, Helios Photo Voltaic Limited, on the grounds of duplication of claims. The Corporate Insolvency Resolution Process (CIRP) was initiated against Moser Baer India Limited, the 'Corporate Guarantor', on 14.11.2017, under Section 7 of the Insolvency and Bankruptcy Code, 2016, by Alchemist Asset Reconstruction Company Limited. Debendra Singh was appointed as the Interim Resolution Professional. Subsequently, Anil Kohli replaced Debendra Singh as the Resolution Professional. The Committee of Creditors (CoC) decided to liquidate Moser Baer India Limited due to the absence of a resolution plan,
…Oriental Bank of Commerce (Financial Creditor) filed a petition against Helios Photo Voltaic Limited (Corporate Debtor) under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Respondent filed an application seeking dismissal of the petition, citing duplication of claims. The Corporate Insolvency Resolution Process (CIRP) was initiated against Moser Baer India Limited (Corporate Guarantor) on 14.11.2017. Alchemist Asset Reconstruction Company Limited filed the petition under Section 7 against Moser Baer India Limited. Debendra Singh was appointed as the Interim Resolution Professional, later replaced by Anil Kohli. The CoC decided to liquidate Moser Baer India Limited due to the absence of a resolution plan, approved by the NCLT on 20.09.2018. Anil Kohli was
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Corporate Insolvency Resolution Process…
Anil Kohli replaced Debendra Singh as the…
The case involves an application filed by the Respondent seeking dismissal of the petition filed by the Financial Creditor, Oriental Bank of Commerce, against the Corporate Debtor, Helios Photo Voltaic Limited, on the grounds of duplication of claims. The Corporate Insolvency Resolution Process (CIRP) was initiated against Moser Baer India Limited, the 'Corporate Guarantor', on 14.11.2017, under Section 7 of the Insolvency and Bankruptcy Code, 2016, by Alchemist Asset Reconstruction Company Limited. Debendra Singh was appointed as the Interim Resolution Professional. Subsequently, Anil Kohli replaced Debendra Singh as the Resolution Professional. The Committee of Creditors (CoC) decided to liquidate Moser Baer India Limited due to the absence of a resolution plan,
…Oriental Bank of Commerce (Financial Creditor) filed a petition against Helios Photo Voltaic Limited (Corporate Debtor) under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Respondent filed an application seeking dismissal of the petition, citing duplication of claims. The Corporate Insolvency Resolution Process (CIRP) was initiated against Moser Baer India Limited (Corporate Guarantor) on 14.11.2017. Alchemist Asset Reconstruction Company Limited filed the petition under Section 7 against Moser Baer India Limited. Debendra Singh was appointed as the Interim Resolution Professional, later replaced by Anil Kohli. The CoC decided to liquidate Moser Baer India Limited due to the absence of a resolution plan, approved by the NCLT on 20.09.2018. Anil Kohli was
…Corporate Insolvency Resolution Process…
Anil Kohli replaced Debendra Singh as the…