The case involves an application IA/343/IB/2020 in IBA/471/2019 before the National Company Law Tribunal (NCLT), Chennai Bench. The Tribunal is addressing the confirmation of a Resolution Professional (RP) as proposed by the Committee of Creditors (CoC) and appointed by the Tribunal. The Insolvency and Bankruptcy Board of India (IBBI) issued directions, and a communication was received confirming no adverse record regarding the appointed RP, Mr. S.Amarendran.
The application IA/343/IB/2020 was filed in connection with IBA/471/2019. The case was heard by the Chennai Bench of the National Company Law Tribunal (NCLT) on June 15, 2020. The application concerns the appointment of a Resolution Professional (RP) for a Corporate Debtor under Section 27 of the Insolvency and Bankruptcy Code (IBC) 2016. The Committee of Creditors (CoC) proposed Mr. S.Amarendran as the RP, and the Tribunal sought confirmation from the Insolvency and Bankruptcy Board of India (IBBI). The IBBI confirmed that there were no adverse records concerning Mr. S.Amarendran. The Tribunal then directed the outgoing Interim Resolution Professional to hand over all relevant documents and assets to the newly appointed RP.
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Tribunal issued directions to Insolvency and…
Communication received confirming no adverse…
The case involves an application IA/343/IB/2020 in IBA/471/2019 before the National Company Law Tribunal (NCLT), Chennai Bench. The Tribunal is addressing the confirmation of a Resolution Professional (RP) as proposed by the Committee of Creditors (CoC) and appointed by the Tribunal. The Insolvency and Bankruptcy Board of India (IBBI) issued directions, and a communication was received confirming no adverse record regarding the appointed RP, Mr. S.Amarendran.
The application IA/343/IB/2020 was filed in connection with IBA/471/2019. The case was heard by the Chennai Bench of the National Company Law Tribunal (NCLT) on June 15, 2020. The application concerns the appointment of a Resolution Professional (RP) for a Corporate Debtor under Section 27 of the Insolvency and Bankruptcy Code (IBC) 2016. The Committee of Creditors (CoC) proposed Mr. S.Amarendran as the RP, and the Tribunal sought confirmation from the Insolvency and Bankruptcy Board of India (IBBI). The IBBI confirmed that there were no adverse records concerning Mr. S.Amarendran. The Tribunal then directed the outgoing Interim Resolution Professional to hand over all relevant documents and assets to the newly appointed RP.
Tribunal issued directions to Insolvency and…
Communication received confirming no adverse…