The case involves a corporate insolvency resolution process (CIRP) initiated against JEKPL Private Limited. The CIRP was initiated on 17.03.2017 following an application by the Corporate Debtor under Section 10 of the Insolvency and Bankruptcy Code (IBC). Mr. Dinkar T. Venkatasubramanian was initially appointed as the Interim Resolution Professional (IRP), later replaced by Mr. Mukesh Mohan Gupta. The statutory period for the CIRP was extended, and during the process, Exim Bank's claim as a financial creditor was rejected by the Resolution Professional, leading to litigation. The resolution plan submitted by Atyant Capital India Fund-I was approved on 15 December 2017, but its implementation was stayed due to pending appeals. The NCLAT recognized Exim Bank as a
…The Corporate Insolvency Resolution Process (CIRP) was initiated against JEKPL Private Limited on 17.03.2017 following an application under Section 10 of the IBC. Mr. Dinkar T. Venkatasubramanian was the initial IRP, later replaced by Mr. Mukesh Mohan Gupta. The CIRP period was extended. Exim Bank's claim as a financial creditor was rejected, leading to litigation. A resolution plan by Atyant Capital India Fund-I was approved on 15 December 2017 but stayed due to pending appeals. The NCLAT recognized Exim Bank as a financial creditor and directed reconsideration of plans. The current Resolution Professional was subsequently appointed. The CoC sought exclusion of time consumed in litigation. Revised resolution plans were submitted by Atyant Capital India Fund -I and
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Corporate Insolvency…
CoC resolved to appoint…
The case involves a corporate insolvency resolution process (CIRP) initiated against JEKPL Private Limited. The CIRP was initiated on 17.03.2017 following an application by the Corporate Debtor under Section 10 of the Insolvency and Bankruptcy Code (IBC). Mr. Dinkar T. Venkatasubramanian was initially appointed as the Interim Resolution Professional (IRP), later replaced by Mr. Mukesh Mohan Gupta. The statutory period for the CIRP was extended, and during the process, Exim Bank's claim as a financial creditor was rejected by the Resolution Professional, leading to litigation. The resolution plan submitted by Atyant Capital India Fund-I was approved on 15 December 2017, but its implementation was stayed due to pending appeals. The NCLAT recognized Exim Bank as a
…The Corporate Insolvency Resolution Process (CIRP) was initiated against JEKPL Private Limited on 17.03.2017 following an application under Section 10 of the IBC. Mr. Dinkar T. Venkatasubramanian was the initial IRP, later replaced by Mr. Mukesh Mohan Gupta. The CIRP period was extended. Exim Bank's claim as a financial creditor was rejected, leading to litigation. A resolution plan by Atyant Capital India Fund-I was approved on 15 December 2017 but stayed due to pending appeals. The NCLAT recognized Exim Bank as a financial creditor and directed reconsideration of plans. The current Resolution Professional was subsequently appointed. The CoC sought exclusion of time consumed in litigation. Revised resolution plans were submitted by Atyant Capital India Fund -I and
…Corporate Insolvency…
CoC resolved to appoint…