The case pertains to CP (IB) No.15/Chd/CHD/2017, initiated by Punjab National Bank against James Hotels Ltd. under Section 7 of the Insolvency & Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated, and Mr. Navneet Gupta was appointed as the Interim Resolution Professional (IRP), later confirmed as the Resolution Professional (RP). Several applications were filed, including CA No. 5/2018 filed by Neeraj Mohendroo, challenging his termination as Public Relation Manager by the RP. The Hon'ble Punjab and Haryana High Court had also issued an order restraining the Tribunal from passing the final order.
Punjab National Bank initiated CIRP against James Hotels Ltd. under Section 7 of the IBC. Navneet Gupta was appointed as the Resolution Professional. Neeraj Mohendroo, claiming to be the Public Relation Manager of James Hotels, filed an application (CA No. 5/2018) under Section 60(5) of the Code, challenging his termination by the RP and seeking arrears of salary. Mohendroo alleged that his termination was without notice or opportunity to be heard, violating natural justice principles. The RP contended that Mohendroo was part of a conspiracy with the suspended Board of Directors, his appointment was invalid, and he had not disclosed his prior role as a director. The RP also stated that the CoC had decided that no one could be an employee of the company in the manner
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CP (IB) No.15/Chd/CHD/20…
The Code had already…
The case pertains to CP (IB) No.15/Chd/CHD/2017, initiated by Punjab National Bank against James Hotels Ltd. under Section 7 of the Insolvency & Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated, and Mr. Navneet Gupta was appointed as the Interim Resolution Professional (IRP), later confirmed as the Resolution Professional (RP). Several applications were filed, including CA No. 5/2018 filed by Neeraj Mohendroo, challenging his termination as Public Relation Manager by the RP. The Hon'ble Punjab and Haryana High Court had also issued an order restraining the Tribunal from passing the final order.
Punjab National Bank initiated CIRP against James Hotels Ltd. under Section 7 of the IBC. Navneet Gupta was appointed as the Resolution Professional. Neeraj Mohendroo, claiming to be the Public Relation Manager of James Hotels, filed an application (CA No. 5/2018) under Section 60(5) of the Code, challenging his termination by the RP and seeking arrears of salary. Mohendroo alleged that his termination was without notice or opportunity to be heard, violating natural justice principles. The RP contended that Mohendroo was part of a conspiracy with the suspended Board of Directors, his appointment was invalid, and he had not disclosed his prior role as a director. The RP also stated that the CoC had decided that no one could be an employee of the company in the manner
…CP (IB) No.15/Chd/CHD/20…
The Code had already…