The case involves an application (I.A. No. 159 of 2020) filed in C.P. (IB) No. 235/BB/2018 by M/s. Orijean Private Limited, seeking condonation of a 159-day delay in submitting the Tribunal's order to the Registrar of Companies (ROC). The original C.P. (IB) No. 235/BB/2018 was filed by Vaishnavi Industries against Orijean Private Limited for default on a payment of Rs. 12,28,762. The adjudicating authority admitted the case, initiated CIRP, and appointed an IRP. Subsequently, an application (I.A. No. 418/2019) was filed for withdrawal of the CIRP after the outstanding dues were settled with the Corporate Debtor. The application for withdrawal was allowed on September 4, 2019. The order for withdrawal needed to be filed with the ROC within 30 days, but it was filed with
…M/s. Vaishnavi Industries filed C.P. (IB) No. 235/BB/2018 against M/s. Orijean Private Limited for defaulting on a payment of Rs. 12,28,762. The adjudicating authority admitted the case and initiated CIRP. An IRP was appointed. Subsequently, I.A. No. 418/2019 was filed for withdrawal of the CIRP after the outstanding dues were settled. The application for withdrawal was allowed on September 4, 2019. The order for withdrawal needed to be filed with the ROC within 30 days, but it was filed with a delay of 159 days on February 18, 2020. M/s. Orijean Private Limited then filed I.A. No. 159 of 2020 seeking condonation of the delay. The Registrar of Companies raised an objection to the delay.
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M/s. Vaishnavi Industries filed C.P. (IB) No.…
The adjudicating…
The case involves an application (I.A. No. 159 of 2020) filed in C.P. (IB) No. 235/BB/2018 by M/s. Orijean Private Limited, seeking condonation of a 159-day delay in submitting the Tribunal's order to the Registrar of Companies (ROC). The original C.P. (IB) No. 235/BB/2018 was filed by Vaishnavi Industries against Orijean Private Limited for default on a payment of Rs. 12,28,762. The adjudicating authority admitted the case, initiated CIRP, and appointed an IRP. Subsequently, an application (I.A. No. 418/2019) was filed for withdrawal of the CIRP after the outstanding dues were settled with the Corporate Debtor. The application for withdrawal was allowed on September 4, 2019. The order for withdrawal needed to be filed with the ROC within 30 days, but it was filed with
…M/s. Vaishnavi Industries filed C.P. (IB) No. 235/BB/2018 against M/s. Orijean Private Limited for defaulting on a payment of Rs. 12,28,762. The adjudicating authority admitted the case and initiated CIRP. An IRP was appointed. Subsequently, I.A. No. 418/2019 was filed for withdrawal of the CIRP after the outstanding dues were settled. The application for withdrawal was allowed on September 4, 2019. The order for withdrawal needed to be filed with the ROC within 30 days, but it was filed with a delay of 159 days on February 18, 2020. M/s. Orijean Private Limited then filed I.A. No. 159 of 2020 seeking condonation of the delay. The Registrar of Companies raised an objection to the delay.
M/s. Vaishnavi Industries filed C.P. (IB) No.…
The adjudicating…