The case involves an application related to a Corporate Insolvency Resolution Process (CIRP) initiated against Reliance Communications Limited. The Resolution Professional sought directions in light of an order passed by the Hon'ble NCLAT. The initial petition under Section 9 of the IBC was admitted on 15.05.2018, and an Interim Resolution Professional (IRP) was appointed. However, the CIRP was stayed by the NCLAT on 30.05.2018. Subsequently, the NCLAT vacated the stay on 30.04.2019, directing the Tribunal to proceed with the matter.
Ericsson India Private Limited initiated insolvency proceedings against Reliance Communications Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. The petition was admitted on 2018-05-15, and an Interim Resolution Professional (IRP) was appointed. The Corporate Insolvency Resolution Process (CIRP) was stayed by the NCLAT on 2018-05-30. Subsequently, the NCLAT vacated the stay on 2019-04-30, directing the NCLT to proceed with the matter. The Resolution Professional then applied for directions from the NCLT.
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The petition under…
The applicant was…
The case involves an application related to a Corporate Insolvency Resolution Process (CIRP) initiated against Reliance Communications Limited. The Resolution Professional sought directions in light of an order passed by the Hon'ble NCLAT. The initial petition under Section 9 of the IBC was admitted on 15.05.2018, and an Interim Resolution Professional (IRP) was appointed. However, the CIRP was stayed by the NCLAT on 30.05.2018. Subsequently, the NCLAT vacated the stay on 30.04.2019, directing the Tribunal to proceed with the matter.
Ericsson India Private Limited initiated insolvency proceedings against Reliance Communications Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. The petition was admitted on 2018-05-15, and an Interim Resolution Professional (IRP) was appointed. The Corporate Insolvency Resolution Process (CIRP) was stayed by the NCLAT on 2018-05-30. Subsequently, the NCLAT vacated the stay on 2019-04-30, directing the NCLT to proceed with the matter. The Resolution Professional then applied for directions from the NCLT.
The petition under…
The applicant was…