The present case involves an Interlocutory Application (IA No. 228/JPR/2023) filed by Mr. Naresh Kumar Munjal, the erstwhile Resolution Professional (ERP) of Maha Associated Hotels Private Limited, seeking directions against Punjab & Sind Bank (the Sole Financial Creditor) for the payment of his fees and expenses. The Corporate Insolvency Resolution Process (CIRP) for Maha Associated Hotels Private Limited was initiated on September 20, 2018, following an application filed by M/s UVA Engineers Private Limited, an operational creditor. Mr. Brij Mohan Sharma was initially appointed as the Interim Resolution Professional (IRP), but the Committee of Creditors (CoC) later replaced him with Mr. Naresh Kumar Munjal, the applicant in this IA, on November 12, 2018. The CoC,
…Mr. Naresh Kumar Munjal, the erstwhile Resolution Professional (ERP) of Maha Associated Hotels Private Limited, filed an Interlocutory Application (IA No. 228/JPR/2023) under Section 60(5) of the Insolvency and Bankruptcy Code, 2016 (IBC). The application sought directions against Punjab & Sind Bank, the sole financial creditor, for the payment of his fees amounting to Rs. 23,63,888/- and travelling and out-of-pocket expenses of Rs. 1,03,500/-.
…The Committee of Creditors (CoC) in its 2nd…
The CoC in its 14th meeting resolved that the…
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The present case involves an Interlocutory Application (IA No. 228/JPR/2023) filed by Mr. Naresh Kumar Munjal, the erstwhile Resolution Professional (ERP) of Maha Associated Hotels Private Limited, seeking directions against Punjab & Sind Bank (the Sole Financial Creditor) for the payment of his fees and expenses. The Corporate Insolvency Resolution Process (CIRP) for Maha Associated Hotels Private Limited was initiated on September 20, 2018, following an application filed by M/s UVA Engineers Private Limited, an operational creditor. Mr. Brij Mohan Sharma was initially appointed as the Interim Resolution Professional (IRP), but the Committee of Creditors (CoC) later replaced him with Mr. Naresh Kumar Munjal, the applicant in this IA, on November 12, 2018. The CoC,
…Mr. Naresh Kumar Munjal, the erstwhile Resolution Professional (ERP) of Maha Associated Hotels Private Limited, filed an Interlocutory Application (IA No. 228/JPR/2023) under Section 60(5) of the Insolvency and Bankruptcy Code, 2016 (IBC). The application sought directions against Punjab & Sind Bank, the sole financial creditor, for the payment of his fees amounting to Rs. 23,63,888/- and travelling and out-of-pocket expenses of Rs. 1,03,500/-.
…The Committee of Creditors (CoC) in its 2nd…
The CoC in its 14th meeting resolved that the…
Sign in to view related legal provisions.