The case involves applications (IA-3287/2021, IA3289/2021, and IA-3313/2021) filed in relation to an insolvency case (IB-318(ND)2020) under Section 9 of the IBC Code, 2016. IA-3287/2021 was filed by the Corporate Debtor seeking to allow the application based on settlement terms and to restore the board of directors. IA-3313/2021 was filed by the Corporate Debtor to recall an order dated 09.07.2021. The court notes that CIRP has been initiated against the Corporate Debtor.
Mr. Danish Irfan filed an application against M/s Samiah International Builders Ltd. under Section 9 of the IBC Code, 2016, leading to the initiation of corporate insolvency resolution process (CIRP). The Corporate Debtor, M/s Samiah International Builders Ltd., filed IA-3287/2021 seeking to allow the application based on settlement terms and restore the board of directors. The Corporate Debtor also filed IA-3313/2021 to recall an order dated 09.07.2021. The IRP's counsel informed the court that the CoC had not been constituted. The court noted that the order sought to be recalled in IA-3313/2021 had already been pronounced on 23.07.2021, and CIRP had been initiated against the Corporate Debtor.
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Corporate insolvency resolution process…
Order passed by the…
The case involves applications (IA-3287/2021, IA3289/2021, and IA-3313/2021) filed in relation to an insolvency case (IB-318(ND)2020) under Section 9 of the IBC Code, 2016. IA-3287/2021 was filed by the Corporate Debtor seeking to allow the application based on settlement terms and to restore the board of directors. IA-3313/2021 was filed by the Corporate Debtor to recall an order dated 09.07.2021. The court notes that CIRP has been initiated against the Corporate Debtor.
Mr. Danish Irfan filed an application against M/s Samiah International Builders Ltd. under Section 9 of the IBC Code, 2016, leading to the initiation of corporate insolvency resolution process (CIRP). The Corporate Debtor, M/s Samiah International Builders Ltd., filed IA-3287/2021 seeking to allow the application based on settlement terms and restore the board of directors. The Corporate Debtor also filed IA-3313/2021 to recall an order dated 09.07.2021. The IRP's counsel informed the court that the CoC had not been constituted. The court noted that the order sought to be recalled in IA-3313/2021 had already been pronounced on 23.07.2021, and CIRP had been initiated against the Corporate Debtor.
Corporate insolvency resolution process…
Order passed by the…