The case involves an application for the substitution of the Interim Resolution Professional (IRP) and the appointment of a new Resolution Professional (RP). The Committee of Creditors has resolved for the said substitution. The Substitution Application has not yet been served.
The case is before the National Company Law Tribunal, Mumbai Bench. Associated Road Carriers Ltd. initiated proceedings against Seam Industries Limited under Section 7 of the Insolvency and Bankruptcy Code. An application has been filed for the substitution of the existing Interim Resolution Professional (IRP) with a new Resolution Professional (RP). The Committee of Creditors has resolved for the substitution. The Substitution Application has not yet been served to the IRP. The court is considering the application to ensure the Corporate Insolvency Resolution Process (CIRP) is not delayed. The matter is adjourned to 01.05.2019.
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Hearing of Mumbai Bench…
M.A. No. 1204/2019…
The case involves an application for the substitution of the Interim Resolution Professional (IRP) and the appointment of a new Resolution Professional (RP). The Committee of Creditors has resolved for the said substitution. The Substitution Application has not yet been served.
The case is before the National Company Law Tribunal, Mumbai Bench. Associated Road Carriers Ltd. initiated proceedings against Seam Industries Limited under Section 7 of the Insolvency and Bankruptcy Code. An application has been filed for the substitution of the existing Interim Resolution Professional (IRP) with a new Resolution Professional (RP). The Committee of Creditors has resolved for the substitution. The Substitution Application has not yet been served to the IRP. The court is considering the application to ensure the Corporate Insolvency Resolution Process (CIRP) is not delayed. The matter is adjourned to 01.05.2019.
Hearing of Mumbai Bench…
M.A. No. 1204/2019…