The case involves multiple applications (CA No.293/2019, 294/2019, 295/2019 & 201/2019) within the context of a Corporate Insolvency Resolution Process (CIRP) initiated under CP (IB) No.239/Chd/Hry/2018. Real Soya Enterprises is the Operational Creditor, and Sahs Lifesciences Pvt. Ltd. is the Corporate Debtor. Mr. Joy Kumar Jain serves as the Interim Resolution Professional (IRP). CA No.201/2019 was filed by the Ex-Interim Resolution Professional seeking payment of the Corporate Insolvency Resolution Process cost. The Committee of Creditors (CoC) had ratified only a portion of the expenses claimed by the Ex-IRP.
Real Soya Enterprises initiated a Corporate Insolvency Resolution Process (CIRP) against Sahs Lifesciences Pvt. Ltd. Mr. Joy Kumar Jain was appointed as the Interim Resolution Professional (IRP). An Ex-Interim Resolution Professional filed CA No.201/2019 seeking payment of CIRP costs. The Committee of Creditors (CoC) ratified only ₹9,83,708/- of the expenses claimed by the Ex-IRP. Mr. Joy Kumar Jain requested an interim payment due to financial difficulties. The court is also dealing with applications for notices to be sent to the respondents and non-applicants. The learned counsel for the Resolution Professional sought to withdraw CA No.295/2019.
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The case involves multiple applications (CA No.293/2019, 294/2019, 295/2019 & 201/2019) within the context of a Corporate Insolvency Resolution Process (CIRP) initiated under CP (IB) No.239/Chd/Hry/2018. Real Soya Enterprises is the Operational Creditor, and Sahs Lifesciences Pvt. Ltd. is the Corporate Debtor. Mr. Joy Kumar Jain serves as the Interim Resolution Professional (IRP). CA No.201/2019 was filed by the Ex-Interim Resolution Professional seeking payment of the Corporate Insolvency Resolution Process cost. The Committee of Creditors (CoC) had ratified only a portion of the expenses claimed by the Ex-IRP.
Real Soya Enterprises initiated a Corporate Insolvency Resolution Process (CIRP) against Sahs Lifesciences Pvt. Ltd. Mr. Joy Kumar Jain was appointed as the Interim Resolution Professional (IRP). An Ex-Interim Resolution Professional filed CA No.201/2019 seeking payment of CIRP costs. The Committee of Creditors (CoC) ratified only ₹9,83,708/- of the expenses claimed by the Ex-IRP. Mr. Joy Kumar Jain requested an interim payment due to financial difficulties. The court is also dealing with applications for notices to be sent to the respondents and non-applicants. The learned counsel for the Resolution Professional sought to withdraw CA No.295/2019.
Corporate Ins…
Order issued regarding…
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