The case involves an application (IA No. 728/2020) filed by Mr. Uday Pilani under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking the Tribunal's direction to the Resolution Professional (RP) to consider his profile and allow him to submit a Resolution Plan for Meena Jewellers and Diamonds Pvt Ltd, which was undergoing Corporate Insolvency Resolution Process (CIRP). The CIRP was initiated based on a petition filed by State Bank of India under Section 7 of the I&B Code, admitted on 26.11.2019. The RP had issued a public announcement inviting Expression of Interest (EOI) and submission of Resolution Plans, with a deadline of 01.03.2020. However, the applicant claimed he missed the deadline due to the Covid-19 pandemic and lockdown.
1. State Bank of India filed a petition under Section 7 of the Insolvency and Bankruptcy Code (IBC) against Meena Jewellers and Diamonds Private Limited, initiating the Corporate Insolvency Resolution Process (CIRP).
2. The petition was admitted on 26.11.2019, and Mr. K. Venkata Srinivas was appointed as the Interim Resolution Professional (IRP), later confirmed as the Resolution Professional (RP).
3. The RP issued a public announcement inviting Expression of Interest (EOI) and submission of Resolution Plans, setting a deadline of 01.03.2020.
4. Mr. Uday Pilani filed an application (IA No. 728/2020) seeking the Tribunal's direction to the RP to consider his profile and allow him to submit a Resolution Plan, claiming he missed the deadline due to the Covid-19 pandemic and
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The petition filed by State Bank of India under…
The Resolution Professional issued a public…
The case involves an application (IA No. 728/2020) filed by Mr. Uday Pilani under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking the Tribunal's direction to the Resolution Professional (RP) to consider his profile and allow him to submit a Resolution Plan for Meena Jewellers and Diamonds Pvt Ltd, which was undergoing Corporate Insolvency Resolution Process (CIRP). The CIRP was initiated based on a petition filed by State Bank of India under Section 7 of the I&B Code, admitted on 26.11.2019. The RP had issued a public announcement inviting Expression of Interest (EOI) and submission of Resolution Plans, with a deadline of 01.03.2020. However, the applicant claimed he missed the deadline due to the Covid-19 pandemic and lockdown.
1. State Bank of India filed a petition under Section 7 of the Insolvency and Bankruptcy Code (IBC) against Meena Jewellers and Diamonds Private Limited, initiating the Corporate Insolvency Resolution Process (CIRP).
2. The petition was admitted on 26.11.2019, and Mr. K. Venkata Srinivas was appointed as the Interim Resolution Professional (IRP), later confirmed as the Resolution Professional (RP).
3. The RP issued a public announcement inviting Expression of Interest (EOI) and submission of Resolution Plans, setting a deadline of 01.03.2020.
4. Mr. Uday Pilani filed an application (IA No. 728/2020) seeking the Tribunal's direction to the RP to consider his profile and allow him to submit a Resolution Plan, claiming he missed the deadline due to the Covid-19 pandemic and
The petition filed by State Bank of India under…
The Resolution Professional issued a public…