The document pertains to several applications (IA No. 220/2021, IA No.73/2021, CA No. 191/2019, CA NO. 192/2019, CA No. 232/2019, CA No. 65/2020) filed in relation to a Corporate Debtor, Nitin Jain & Anr V/S Ratandeep Infrastructure Pvt Ltd, under Section 7 of the IBC. The applications address issues such as submitting a resolution plan, consideration of claims by the Resolution Professional, and payment of fees to the Resolution Professional. The CIRP was initiated on 2019-04-16.
Nitin Jain & Anr V/S Ratandeep Infrastructure Pvt Ltd is undergoing Corporate Insolvency Resolution Process (CIRP) under Section 7 of the IBC. The CIRP was initiated on 2019-04-16. Several applications were filed, including one by the Suspended Board to submit a Resolution Plan (CA No. 191/2019), which was dismissed because the Corporate Debtor is not an MSME and would violate Section 29A of the IBC. Another application (IA No. 220/2021) sought to submit a resolution plan but was dismissed as infructuous because the COC had already resolved to liquidate the Corporate Debtor. An application regarding the Resolution Professional's fees (CA No. 65/2020) was addressed with directions for the RP to raise invoices and for the COC to consider them. The application seeking
…Sign in to view the parties.
Provision Section 29A…
CIRP was initiated…
Sign in to view related legal provisions.
The document pertains to several applications (IA No. 220/2021, IA No.73/2021, CA No. 191/2019, CA NO. 192/2019, CA No. 232/2019, CA No. 65/2020) filed in relation to a Corporate Debtor, Nitin Jain & Anr V/S Ratandeep Infrastructure Pvt Ltd, under Section 7 of the IBC. The applications address issues such as submitting a resolution plan, consideration of claims by the Resolution Professional, and payment of fees to the Resolution Professional. The CIRP was initiated on 2019-04-16.
Nitin Jain & Anr V/S Ratandeep Infrastructure Pvt Ltd is undergoing Corporate Insolvency Resolution Process (CIRP) under Section 7 of the IBC. The CIRP was initiated on 2019-04-16. Several applications were filed, including one by the Suspended Board to submit a Resolution Plan (CA No. 191/2019), which was dismissed because the Corporate Debtor is not an MSME and would violate Section 29A of the IBC. Another application (IA No. 220/2021) sought to submit a resolution plan but was dismissed as infructuous because the COC had already resolved to liquidate the Corporate Debtor. An application regarding the Resolution Professional's fees (CA No. 65/2020) was addressed with directions for the RP to raise invoices and for the COC to consider them. The application seeking
…Provision Section 29A…
CIRP was initiated…
Sign in to view related legal provisions.