The case involves an application (IA 316 of 2019) filed in connection with a Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC). The Committee of Creditors (COC) of Small Industries Development Bank of India initiated the CIRP against Orient Spa Ltd. The application seeks to replace the existing Interim Resolution Professional (IRP).
The Committee of Creditors (COC) of Small Industries Development Bank of India initiated a Corporate Insolvency Resolution Process (CIRP) against Orient Spa Ltd. An application (IA 316 of 2019) was filed seeking the replacement of the existing Interim Resolution Professional (IRP), Mr. Keyur J. Shah. The COC passed a resolution on 2019-05-17 to replace Mr. Shah with Mr. Vikas Jain as the Resolution Professional (RP). Mr. Shah, the IRP, stated that he had no objection to the replacement, provided his dues were cleared by the Committee of Creditors. The application was filed under Section 22 of the Insolvency & Bankruptcy Code.
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The Committee of Creditors (COC) passed a…
The Adjudicating Authority approved the…
The case involves an application (IA 316 of 2019) filed in connection with a Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC). The Committee of Creditors (COC) of Small Industries Development Bank of India initiated the CIRP against Orient Spa Ltd. The application seeks to replace the existing Interim Resolution Professional (IRP).
The Committee of Creditors (COC) of Small Industries Development Bank of India initiated a Corporate Insolvency Resolution Process (CIRP) against Orient Spa Ltd. An application (IA 316 of 2019) was filed seeking the replacement of the existing Interim Resolution Professional (IRP), Mr. Keyur J. Shah. The COC passed a resolution on 2019-05-17 to replace Mr. Shah with Mr. Vikas Jain as the Resolution Professional (RP). Mr. Shah, the IRP, stated that he had no objection to the replacement, provided his dues were cleared by the Committee of Creditors. The application was filed under Section 22 of the Insolvency & Bankruptcy Code.
The Committee of Creditors (COC) passed a…
The Adjudicating Authority approved the…