The case involves IA/213/IB/2020 filed by the Resolution Professional seeking an order for liquidation of the Corporate Debtor, M/s. R.A. Samy Trading Private Limited, under Section 33(2) of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated on 30.04.2019, and the Applicant was appointed as the IRP. The first CoC meeting was held on 22.05.2019, where the IRP was appointed as Resolution Professional. A public announcement inviting claims was published on 03.05.2019, with the last date for submission being 14.05.2019. The erstwhile Board of Director, Mr. Arumugasamy, initially expressed willingness to cooperate with the CIRP but later refused. NCLAT disposed of Mr. Arumugasamy's appeal and imposed costs. The CIRP
…The Corporate Insolvency Resolution Process (CIRP) of M/s. R.A. Samy Trading Private Limited was initiated on 30.04.2019. Mr. Ashok Velamur Sheshadri was appointed as the IRP and later as the Resolution Professional. Public announcement was made on 03.05.2019, inviting claims from creditors, with a deadline of 14.05.2019. The erstwhile Board of Director, Mr. A. Arumugaswamy, initially cooperated but later refused to do so. The NCLAT disposed of an appeal by Mr. Arumugaswamy and imposed costs. The CIRP period was extended by 90 days, excluding 55 days, but no resolution plan was received. There was a leased property of the corporate debtor which was leased out by Mr. Arumugasamy to his son Mr. A. Raghuram, by name, other than that there are no other
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Corporate Insolvency Resolution Process (CIRP)…
The IRP was appointed…
The case involves IA/213/IB/2020 filed by the Resolution Professional seeking an order for liquidation of the Corporate Debtor, M/s. R.A. Samy Trading Private Limited, under Section 33(2) of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated on 30.04.2019, and the Applicant was appointed as the IRP. The first CoC meeting was held on 22.05.2019, where the IRP was appointed as Resolution Professional. A public announcement inviting claims was published on 03.05.2019, with the last date for submission being 14.05.2019. The erstwhile Board of Director, Mr. Arumugasamy, initially expressed willingness to cooperate with the CIRP but later refused. NCLAT disposed of Mr. Arumugasamy's appeal and imposed costs. The CIRP
…The Corporate Insolvency Resolution Process (CIRP) of M/s. R.A. Samy Trading Private Limited was initiated on 30.04.2019. Mr. Ashok Velamur Sheshadri was appointed as the IRP and later as the Resolution Professional. Public announcement was made on 03.05.2019, inviting claims from creditors, with a deadline of 14.05.2019. The erstwhile Board of Director, Mr. A. Arumugaswamy, initially cooperated but later refused to do so. The NCLAT disposed of an appeal by Mr. Arumugaswamy and imposed costs. The CIRP period was extended by 90 days, excluding 55 days, but no resolution plan was received. There was a leased property of the corporate debtor which was leased out by Mr. Arumugasamy to his son Mr. A. Raghuram, by name, other than that there are no other
…Corporate Insolvency Resolution Process (CIRP)…
The IRP was appointed…