The case involves an application (I.A. NO. 375/AHM/2021) within a corporate insolvency resolution process (CIRP) initiated under CP (IB) NO. 625 OF 2018. M/S. Alpha (India) Properties Pvt. Ltd & Ors, the applicant, sought urgent hearing regarding the consideration of their claims, including interest. The Adjudicating Authority had previously directed the Resolution Professional to consider these claims. The applicant also raised concerns about a resolution plan for liquidation being put forward in the 7th CoC meeting without furnishing the valuation report as regard to the liquidation value. The applicant also stated that the order of the Adjudicating Authority had been challenged before the NCLAT.
M/S. Alpha (India) Properties Pvt. Ltd & Ors is an applicant in a CIRP against K-Lifestyle Industries Pvt. Ltd. The applicant sought urgent hearing regarding the consideration of their claims, including interest. The Adjudicating Authority had previously directed the Resolution Professional to consider these claims. The applicant raised concerns about a resolution plan for liquidation being put forward in the 7th CoC meeting without furnishing the valuation report as regard to the liquidation value. The applicant also stated that the order of the Adjudicating Authority had been challenged before the NCLAT. The voting on the resolution for liquidation was scheduled to be completed by the end of the day. The Adjudicating Authority had previously advised the
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The case involves an application (I.A. NO. 375/AHM/2021) within a corporate insolvency resolution process (CIRP) initiated under CP (IB) NO. 625 OF 2018. M/S. Alpha (India) Properties Pvt. Ltd & Ors, the applicant, sought urgent hearing regarding the consideration of their claims, including interest. The Adjudicating Authority had previously directed the Resolution Professional to consider these claims. The applicant also raised concerns about a resolution plan for liquidation being put forward in the 7th CoC meeting without furnishing the valuation report as regard to the liquidation value. The applicant also stated that the order of the Adjudicating Authority had been challenged before the NCLAT.
M/S. Alpha (India) Properties Pvt. Ltd & Ors is an applicant in a CIRP against K-Lifestyle Industries Pvt. Ltd. The applicant sought urgent hearing regarding the consideration of their claims, including interest. The Adjudicating Authority had previously directed the Resolution Professional to consider these claims. The applicant raised concerns about a resolution plan for liquidation being put forward in the 7th CoC meeting without furnishing the valuation report as regard to the liquidation value. The applicant also stated that the order of the Adjudicating Authority had been challenged before the NCLAT. The voting on the resolution for liquidation was scheduled to be completed by the end of the day. The Adjudicating Authority had previously advised the
…Adjudicating Authority directed the…
Matter mentioned for…