The case involves FP India Project Management Consultancy Services Pvt. Ltd. as the petitioner and Parsons Brinckerhoff India Pvt. Ltd. as the respondent. The matter pertains to a Corporate Insolvency Resolution Process (CIRP) initiated under Section 9 of the Insolvency and Bankruptcy Code (IBC). The Hon'ble NCLAT had previously directed the Adjudicating Authority to close the CIRP proceedings and release the corporate debtor from the rigour of the CIRP.
FP India Project Management Consultancy Services Pvt. Ltd. initiated a CIRP against Parsons Brinckerhoff India Pvt. Ltd. under Section 9 of the IBC. The Hon'ble NCLAT had issued an order on 2019-09-27 directing the Adjudicating Authority (NCLT) to close the CIRP proceedings. The NCLAT's order also stipulated that the corporate debtor, Parsons Brinckerhoff India Pvt. Ltd., be released from the restrictions imposed by the CIRP. The IRP was instructed to hand over the charge to the promoter/Board of Directors of the corporate debtor. The NCLT is now acting upon the NCLAT's order to formally close the CIRP proceedings and release the corporate debtor.
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The Hon'ble NCLAT directed the Adjudicating…
The NCLT ordered the closure of the CIRP…
The case involves FP India Project Management Consultancy Services Pvt. Ltd. as the petitioner and Parsons Brinckerhoff India Pvt. Ltd. as the respondent. The matter pertains to a Corporate Insolvency Resolution Process (CIRP) initiated under Section 9 of the Insolvency and Bankruptcy Code (IBC). The Hon'ble NCLAT had previously directed the Adjudicating Authority to close the CIRP proceedings and release the corporate debtor from the rigour of the CIRP.
FP India Project Management Consultancy Services Pvt. Ltd. initiated a CIRP against Parsons Brinckerhoff India Pvt. Ltd. under Section 9 of the IBC. The Hon'ble NCLAT had issued an order on 2019-09-27 directing the Adjudicating Authority (NCLT) to close the CIRP proceedings. The NCLAT's order also stipulated that the corporate debtor, Parsons Brinckerhoff India Pvt. Ltd., be released from the restrictions imposed by the CIRP. The IRP was instructed to hand over the charge to the promoter/Board of Directors of the corporate debtor. The NCLT is now acting upon the NCLAT's order to formally close the CIRP proceedings and release the corporate debtor.
The Hon'ble NCLAT directed the Adjudicating…
The NCLT ordered the closure of the CIRP…