The case involves an application (CA.1192/ND/2020) filed under rule 11 of NCLT Rules, 2016 by the Interim Resolution Professional (IRP), Mr. Gautam Singhal, seeking the fixation of his fees and determination of the party liable to pay the fees and expenses incurred during the Corporate Insolvency Resolution Process (CIRP) period. The CIRP was initiated by M/S Anhui Technology Imp & Exp Co. Ltd against the Corporate Debtor M/S Pantel Technologies Pvt Ltd under Section 9 of the Insolvency and Bankruptcy Code (IBC). The Adjudicating Authority admitted the application on 19.09.2019 and appointed Mr. Gautam Singhal as the IRP. The Committee of Creditors (CoC) was constituted with M/S Noble Cooperative Bank Ltd as the sole Financial Creditor. The IRP presented a list of
…M/S Anhui Technology Imp & Exp Co. Ltd initiated CIRP against M/S Pantel Technologies Pvt Ltd under Section 9 of the IBC. The Adjudicating Authority admitted the application on 19.09.2019 and appointed Mr. Gautam Singhal as the IRP. The CoC was formed with M/S Noble Cooperative Bank Ltd as the sole financial creditor. The IRP presented expenses to the CoC, which approved Rs. 83,032 and a fee of Rs. 1,25,000. The CoC resolved to replace Mr. Singhal with Mr. Anup Kumar. Noble Cooperative Bank filed an application to this effect. The NCLAT set aside the CIRP order on 07.01.2020, directing the IRP to hand over assets. The IRP's fees and expenses from 17.10.2019 to 07.01.2020 remained unresolved. The IRP also appointed 4 registered valuers, a forensic auditor, and a
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Application for initiating CIRP filed by M/S…
The first meeting of the Committee of…
The case involves an application (CA.1192/ND/2020) filed under rule 11 of NCLT Rules, 2016 by the Interim Resolution Professional (IRP), Mr. Gautam Singhal, seeking the fixation of his fees and determination of the party liable to pay the fees and expenses incurred during the Corporate Insolvency Resolution Process (CIRP) period. The CIRP was initiated by M/S Anhui Technology Imp & Exp Co. Ltd against the Corporate Debtor M/S Pantel Technologies Pvt Ltd under Section 9 of the Insolvency and Bankruptcy Code (IBC). The Adjudicating Authority admitted the application on 19.09.2019 and appointed Mr. Gautam Singhal as the IRP. The Committee of Creditors (CoC) was constituted with M/S Noble Cooperative Bank Ltd as the sole Financial Creditor. The IRP presented a list of
…M/S Anhui Technology Imp & Exp Co. Ltd initiated CIRP against M/S Pantel Technologies Pvt Ltd under Section 9 of the IBC. The Adjudicating Authority admitted the application on 19.09.2019 and appointed Mr. Gautam Singhal as the IRP. The CoC was formed with M/S Noble Cooperative Bank Ltd as the sole financial creditor. The IRP presented expenses to the CoC, which approved Rs. 83,032 and a fee of Rs. 1,25,000. The CoC resolved to replace Mr. Singhal with Mr. Anup Kumar. Noble Cooperative Bank filed an application to this effect. The NCLAT set aside the CIRP order on 07.01.2020, directing the IRP to hand over assets. The IRP's fees and expenses from 17.10.2019 to 07.01.2020 remained unresolved. The IRP also appointed 4 registered valuers, a forensic auditor, and a
…Application for initiating CIRP filed by M/S…
The first meeting of the Committee of…