The case involves an application by the Interim Resolution Professional (IRP) of Kei-Rsos Maritime Limited, a company undergoing Corporate Insolvency Resolution Process (CIRP). The IRP sought directions from the National Company Law Tribunal (NCLT) to compel the Committee of Creditors (CoC) to cooperate with him and approve expenditures incurred during the CIRP. The CIRP was initiated on 2019-08-28. The CoC, primarily represented by Indian Bank, initially sought time to approve the expenditures but later dissented and decided to replace the IRP. The IRP also filed a separate application seeking restraint against the termination of the insurance cover of the company's vessels by Shipowners' Protection Limited (SOPL) through its Indian representative, Crowe Boda &
…Kei-Rsos Maritime Limited is a company engaged in Single Point Mooring operations under contract with oil refineries. On 2019-08-28, the NCLT initiated CIRP against the company and appointed an Interim Resolution Professional (IRP), Mr. Anand Chandra Swain. The company incurred expenditures for its operations during the CIRP. The Committee of Creditors (CoC), represented by Indian Bank, initially sought time to approve these expenditures but later dissented and decided to replace the IRP. The first CoC meeting was held on 2019-10-01. The CoC sent an email dissenting to all the resolutions on 2019-10-30. Shipowners' Protection Limited (SOPL) provided Protection and Indemnity (P & I) insurance cover to two ships, COROMANDEL SUPPORTER III and COROMANDEL SUPPORTER IX,
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The case involves an application by the Interim Resolution Professional (IRP) of Kei-Rsos Maritime Limited, a company undergoing Corporate Insolvency Resolution Process (CIRP). The IRP sought directions from the National Company Law Tribunal (NCLT) to compel the Committee of Creditors (CoC) to cooperate with him and approve expenditures incurred during the CIRP. The CIRP was initiated on 2019-08-28. The CoC, primarily represented by Indian Bank, initially sought time to approve the expenditures but later dissented and decided to replace the IRP. The IRP also filed a separate application seeking restraint against the termination of the insurance cover of the company's vessels by Shipowners' Protection Limited (SOPL) through its Indian representative, Crowe Boda &
…Kei-Rsos Maritime Limited is a company engaged in Single Point Mooring operations under contract with oil refineries. On 2019-08-28, the NCLT initiated CIRP against the company and appointed an Interim Resolution Professional (IRP), Mr. Anand Chandra Swain. The company incurred expenditures for its operations during the CIRP. The Committee of Creditors (CoC), represented by Indian Bank, initially sought time to approve these expenditures but later dissented and decided to replace the IRP. The first CoC meeting was held on 2019-10-01. The CoC sent an email dissenting to all the resolutions on 2019-10-30. Shipowners' Protection Limited (SOPL) provided Protection and Indemnity (P & I) insurance cover to two ships, COROMANDEL SUPPORTER III and COROMANDEL SUPPORTER IX,
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