The case involves an application filed by Beam Global Spirits & Wine (India) Private Limited challenging the Resolution Professional's decision to reject its claim due to delay. The NCLT had already directed the initiation of liquidation proceedings for the Corporate Debtor, M/s Jai Bholenath Enterprises Private Limited.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Jai Bhole Nath Enterprises Pvt. Ltd. on April 12, 2019. Shri Sandeep Chandna was initially appointed as the Interim Resolution Professional (IRP). Subsequently, the Committee of Creditors (CoC), with Punjab National Bank holding 100% voting share, resolved to replace the IRP with Shri Kuljeet Singh as the Resolution Professional (RP) in its first meeting on May 10, 2019. The Adjudicating Authority (AA) approved this replacement on July 30, 2019.
…CIRP proceedings were initiated against the…
In the first CoC meeting, it was resolved to…
Sign in to view related legal provisions.
The case involves an application filed by Beam Global Spirits & Wine (India) Private Limited challenging the Resolution Professional's decision to reject its claim due to delay. The NCLT had already directed the initiation of liquidation proceedings for the Corporate Debtor, M/s Jai Bholenath Enterprises Private Limited.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Jai Bhole Nath Enterprises Pvt. Ltd. on April 12, 2019. Shri Sandeep Chandna was initially appointed as the Interim Resolution Professional (IRP). Subsequently, the Committee of Creditors (CoC), with Punjab National Bank holding 100% voting share, resolved to replace the IRP with Shri Kuljeet Singh as the Resolution Professional (RP) in its first meeting on May 10, 2019. The Adjudicating Authority (AA) approved this replacement on July 30, 2019.
…CIRP proceedings were initiated against the…
In the first CoC meeting, it was resolved to…
Sign in to view related legal provisions.