The case involves multiple applications (CA No.787(PB)/2019, RT CA No.306/2019, CA Nos.270/2019, 381/2019, 382/2019, and 415/2019) within the context of a Corporate Insolvency Resolution Process (CIRP) initiated against James Hotel Ltd. under CP (IB) No.15/Chd/Chd/2017. Punjab National Bank is the financial creditor. One application seeks a forensic audit of the corporate debtor, while another is filed by an ex-employee regarding a grievance about the liquidator's handling of their claim.
Punjab National Bank initiated a Corporate Insolvency Resolution Process (CIRP) against James Hotel Ltd. via CP (IB) No.15/Chd/Chd/2017, which was admitted. Several applications were filed, including CA No.787(PB)/2019 seeking a forensic audit of James Hotel Ltd. The forensic audit report has been finalized. The liquidator is expected to issue notices to defaulters identified in the report. An ex-employee filed CA No.415/2019, raising a grievance against the liquidator regarding the handling of their claim. The court is managing the timelines for filing replies and rejoinders for these applications.
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Corporate Insolvency…
In compliance of the order dated 24.05.2019,…
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The case involves multiple applications (CA No.787(PB)/2019, RT CA No.306/2019, CA Nos.270/2019, 381/2019, 382/2019, and 415/2019) within the context of a Corporate Insolvency Resolution Process (CIRP) initiated against James Hotel Ltd. under CP (IB) No.15/Chd/Chd/2017. Punjab National Bank is the financial creditor. One application seeks a forensic audit of the corporate debtor, while another is filed by an ex-employee regarding a grievance about the liquidator's handling of their claim.
Punjab National Bank initiated a Corporate Insolvency Resolution Process (CIRP) against James Hotel Ltd. via CP (IB) No.15/Chd/Chd/2017, which was admitted. Several applications were filed, including CA No.787(PB)/2019 seeking a forensic audit of James Hotel Ltd. The forensic audit report has been finalized. The liquidator is expected to issue notices to defaulters identified in the report. An ex-employee filed CA No.415/2019, raising a grievance against the liquidator regarding the handling of their claim. The court is managing the timelines for filing replies and rejoinders for these applications.
Corporate Insolvency…
In compliance of the order dated 24.05.2019,…
Sign in to view related legal provisions.