The case involves a petition filed by M/s Shankar Nutricon Pvt. Ltd. under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s Hygiene Feeds & Farms Private Ltd. The petition was admitted on January 24, 2019, and a moratorium was declared. Ms. Karuna Sharma was appointed as the Interim Resolution Professional (IRP).
M/s Shankar Nutricon Pvt. Ltd. filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s Hygiene Feeds & Farms Private Ltd. The Adjudicating Authority admitted the petition on January 24, 2019, declared a moratorium, and appointed Ms. Karuna Sharma as the Interim Resolution Professional (IRP). Subsequently, the National Company Law Appellate Tribunal (NCLAT) heard an appeal and set aside the orders passed by the Adjudicating Authority, including the appointment of the IRP and the declaration of the moratorium. The application under Section 9 of the I&B Code was disposed of as withdrawn. The 2nd Respondent Company was released from all the rigour of law and is allowed to
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The petition filed by M/s Shankar Nutricon…
A moratorium was…
The case involves a petition filed by M/s Shankar Nutricon Pvt. Ltd. under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s Hygiene Feeds & Farms Private Ltd. The petition was admitted on January 24, 2019, and a moratorium was declared. Ms. Karuna Sharma was appointed as the Interim Resolution Professional (IRP).
M/s Shankar Nutricon Pvt. Ltd. filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s Hygiene Feeds & Farms Private Ltd. The Adjudicating Authority admitted the petition on January 24, 2019, declared a moratorium, and appointed Ms. Karuna Sharma as the Interim Resolution Professional (IRP). Subsequently, the National Company Law Appellate Tribunal (NCLAT) heard an appeal and set aside the orders passed by the Adjudicating Authority, including the appointment of the IRP and the declaration of the moratorium. The application under Section 9 of the I&B Code was disposed of as withdrawn. The 2nd Respondent Company was released from all the rigour of law and is allowed to
…The petition filed by M/s Shankar Nutricon…
A moratorium was…