The application MA/1427/2019 in CP/737/IB/2018 was filed seeking certain reliefs, including excluding a period of 275 days from the CIRP timeline and passing other orders as deemed fit. The CIRP against the Corporate Debtor was initiated on 14.03.2019 based on a petition by the Operational Creditor. The IRP/Applicant did not provide consent in Form-2 for appointment and was unaware of the appointment until 27.11.2019 when the Operational Creditor notified them. The communication of the order was available in the IRP/Applicant's SPAM folder from 19.03.2019, but it was not opened. The tribunal noted the delay in making a public announcement for claims and constituting the CoC.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Sandhya Shipping Services Pvt Ltd on 14.03.2019 based on a petition filed by the Operational Creditor. The Interim Resolution Professional (IRP)/Applicant, Rajaguruswami Maheswaran, did not provide consent in Form-2 for the appointment. The IRP/Applicant was unaware of the appointment until 27.11.2019, when the Operational Creditor notified them. The communication of the order was available in the IRP/Applicant's SPAM folder from 19.03.2019, but it was not opened. There was a delay of 275 days in the CIRP process. The Operational Creditor's counsel was unable to explain the delay in communication. The IRP/Applicant's appointment was based on the Insolvency and Bankruptcy Board of India (IBBI)'s
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CIRP initiated against the Corporate…
Registry sent the order…
The application MA/1427/2019 in CP/737/IB/2018 was filed seeking certain reliefs, including excluding a period of 275 days from the CIRP timeline and passing other orders as deemed fit. The CIRP against the Corporate Debtor was initiated on 14.03.2019 based on a petition by the Operational Creditor. The IRP/Applicant did not provide consent in Form-2 for appointment and was unaware of the appointment until 27.11.2019 when the Operational Creditor notified them. The communication of the order was available in the IRP/Applicant's SPAM folder from 19.03.2019, but it was not opened. The tribunal noted the delay in making a public announcement for claims and constituting the CoC.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Sandhya Shipping Services Pvt Ltd on 14.03.2019 based on a petition filed by the Operational Creditor. The Interim Resolution Professional (IRP)/Applicant, Rajaguruswami Maheswaran, did not provide consent in Form-2 for the appointment. The IRP/Applicant was unaware of the appointment until 27.11.2019, when the Operational Creditor notified them. The communication of the order was available in the IRP/Applicant's SPAM folder from 19.03.2019, but it was not opened. There was a delay of 275 days in the CIRP process. The Operational Creditor's counsel was unable to explain the delay in communication. The IRP/Applicant's appointment was based on the Insolvency and Bankruptcy Board of India (IBBI)'s
…CIRP initiated against the Corporate…
Registry sent the order…