The case involves an application filed by the Resolution Professional (RP) under Section 33(1) of the Insolvency and Bankruptcy Code, 2016, seeking directions for the liquidation of the corporate debtor, Indian Roots Shopping Limited. The operational creditor, AS Technosoft Private Limited, had previously filed an application under Section 9 of the Code for initiating the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor. This application was admitted on 2019-03-13, and Mr. Ashok Kumar was appointed as the Interim Resolution Professional (IRP). It was later discovered that a CIRP had already been initiated for the Corporate Debtor on 2018-10-11, with Mr. Atul Kumar as the IRP. The bench clarified on 2019-04-24 that the order dated 2018-10-11
…AS Technosoft Private Limited, an operational creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Indian Roots Shopping Limited under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The application was admitted on 2019-03-13, and Ashok Kumar was appointed as the Interim Resolution Professional (IRP). It was later discovered that a CIRP had already been initiated for Indian Roots Shopping Limited on 2018-10-11, with Atul Kumar as the IRP. The bench clarified that the order dated 2018-10-11 was redundant. The Resolution Professional (RP) complied with Section 15 of the IBC and Regulation 6 of the IBBI Regulations, making a public announcement. The suspended board of directors and ex-management of Indian Roots Shopping Limited did not
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CIRP initiated for…
Application under…
The case involves an application filed by the Resolution Professional (RP) under Section 33(1) of the Insolvency and Bankruptcy Code, 2016, seeking directions for the liquidation of the corporate debtor, Indian Roots Shopping Limited. The operational creditor, AS Technosoft Private Limited, had previously filed an application under Section 9 of the Code for initiating the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor. This application was admitted on 2019-03-13, and Mr. Ashok Kumar was appointed as the Interim Resolution Professional (IRP). It was later discovered that a CIRP had already been initiated for the Corporate Debtor on 2018-10-11, with Mr. Atul Kumar as the IRP. The bench clarified on 2019-04-24 that the order dated 2018-10-11
…AS Technosoft Private Limited, an operational creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Indian Roots Shopping Limited under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The application was admitted on 2019-03-13, and Ashok Kumar was appointed as the Interim Resolution Professional (IRP). It was later discovered that a CIRP had already been initiated for Indian Roots Shopping Limited on 2018-10-11, with Atul Kumar as the IRP. The bench clarified that the order dated 2018-10-11 was redundant. The Resolution Professional (RP) complied with Section 15 of the IBC and Regulation 6 of the IBBI Regulations, making a public announcement. The suspended board of directors and ex-management of Indian Roots Shopping Limited did not
…CIRP initiated for…
Application under…