The case involves a Corporate Insolvency Resolution Process (CIRP) initiated against Lakeland Chemicals (India) Limited. The CIRP was triggered by a Section 9 application under the Insolvency and Bankruptcy Code, 2016, which was admitted on 23.09.2019. Initially, Mr. Rajeev Nandkishore Bhatia was appointed as the Interim Resolution Professional (IRP). Subsequently, Mr. Brijendra Kumar Mishra was appointed as the Resolution Professional (RP). Due to various factors, including delays in communication, the nationwide lockdown caused by the Covid-19 pandemic, and complexities in the resolution process, the CIRP could not be completed within the initial 180-day period. This led to the RP filing IA No. 973 of 2020 seeking an extension of the CIRP period. Furthermore, IA No.
…Lakeland Chemicals (India) Limited is undergoing Corporate Insolvency Resolution Process (CIRP) initiated under Section 9 of the Insolvency and Bankruptcy Code, 2016. The CIRP commenced on 23.09.2019. Rajeev Nandkishore Bhatia was initially appointed as the Interim Resolution Professional (IRP), later replaced by Brijendra Kumar Mishra as the Resolution Professional (RP). The IRP received communication of his appointment on 19.10.2019. A public announcement was made on 22.10.2019, leading to the formation of the Committee of Creditors (CoC). The CoC appointed Brijendra Kumar Mishra as RP on 13.01.2020, approved by the Tribunal on 24.01.2020. The RP took charge on 06.02.2020. An advertisement in Form-G was issued on 17.02.2020, inviting Expression of Interest (EOI) with
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The Company Petition…
Company Petition No.…
The case involves a Corporate Insolvency Resolution Process (CIRP) initiated against Lakeland Chemicals (India) Limited. The CIRP was triggered by a Section 9 application under the Insolvency and Bankruptcy Code, 2016, which was admitted on 23.09.2019. Initially, Mr. Rajeev Nandkishore Bhatia was appointed as the Interim Resolution Professional (IRP). Subsequently, Mr. Brijendra Kumar Mishra was appointed as the Resolution Professional (RP). Due to various factors, including delays in communication, the nationwide lockdown caused by the Covid-19 pandemic, and complexities in the resolution process, the CIRP could not be completed within the initial 180-day period. This led to the RP filing IA No. 973 of 2020 seeking an extension of the CIRP period. Furthermore, IA No.
…Lakeland Chemicals (India) Limited is undergoing Corporate Insolvency Resolution Process (CIRP) initiated under Section 9 of the Insolvency and Bankruptcy Code, 2016. The CIRP commenced on 23.09.2019. Rajeev Nandkishore Bhatia was initially appointed as the Interim Resolution Professional (IRP), later replaced by Brijendra Kumar Mishra as the Resolution Professional (RP). The IRP received communication of his appointment on 19.10.2019. A public announcement was made on 22.10.2019, leading to the formation of the Committee of Creditors (CoC). The CoC appointed Brijendra Kumar Mishra as RP on 13.01.2020, approved by the Tribunal on 24.01.2020. The RP took charge on 06.02.2020. An advertisement in Form-G was issued on 17.02.2020, inviting Expression of Interest (EOI) with
…The Company Petition…
Company Petition No.…