The case involves an application filed by Mr. Arun Kumar Jain, an Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, Maa Tara Industrial Complex Private Limited. The application was admitted on September 8, 2017, and Mr. Sandip Kumar Kejriwal was appointed as the Interim Resolution Professional (IRP).
Mr. Arun Kumar Jain, an Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Maa Tara Industrial Complex Private Limited, the Corporate Debtor. The application was admitted on September 8, 2017. Mr. Sandip Kumar Kejriwal was appointed as the Interim Resolution Professional (IRP). The CIRP expired on March 6, 2018. Mr. Kejriwal resigned, and Mr. Sanjit Kumar Naik was appointed as the IRP. Mr. Naik failed to complete the CIRP within 180 days. The Committee of Creditors (CoC) decided not to extend the 180-day time limit. The Corporate Debtor failed to pay professional fees of Rs. 3,45,000/- to Mr. Jain, due from December 13, 2016. No resolution plan was
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Application filed by Mr. Arun Kumar Jain…
Mr. Sandip Kumar…
The case involves an application filed by Mr. Arun Kumar Jain, an Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, Maa Tara Industrial Complex Private Limited. The application was admitted on September 8, 2017, and Mr. Sandip Kumar Kejriwal was appointed as the Interim Resolution Professional (IRP).
Mr. Arun Kumar Jain, an Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Maa Tara Industrial Complex Private Limited, the Corporate Debtor. The application was admitted on September 8, 2017. Mr. Sandip Kumar Kejriwal was appointed as the Interim Resolution Professional (IRP). The CIRP expired on March 6, 2018. Mr. Kejriwal resigned, and Mr. Sanjit Kumar Naik was appointed as the IRP. Mr. Naik failed to complete the CIRP within 180 days. The Committee of Creditors (CoC) decided not to extend the 180-day time limit. The Corporate Debtor failed to pay professional fees of Rs. 3,45,000/- to Mr. Jain, due from December 13, 2016. No resolution plan was
…Application filed by Mr. Arun Kumar Jain…
Mr. Sandip Kumar…