The case pertains to an application (I.A. No.137 of 2020) filed in an ongoing Corporate Insolvency Resolution Process (CIRP) of M/s. SGP Software Solutions Private Limited. The CIRP was initiated based on an application under Section 9 of the IBC, 2016, filed by Mr. Joji Thomas. The Adjudicating Authority admitted the CIRP on 24.09.2019 and appointed Mr. MotappaThimmarayaswamy as the Interim Resolution Professional (IRP), who was later confirmed as the Resolution Professional (RP). The RP sought an extension of the CIRP period by 60 days, from 22nd March 2020 to 21st May 2020.
Mr. Joji Thomas initiated the Corporate Insolvency Resolution Process (CIRP) against M/s. SGP Software Solutions Private Limited by filing CP(IB) No. 137/BB/2018 under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The Adjudicating Authority admitted the CIRP on 24.09.2019 and appointed Mr. MotappaThimmarayaswamy as the Interim Resolution Professional (IRP). The IRP made a public announcement on 11.10.2019. The Committee of Creditors (CoC) confirmed the IRP as the Resolution Professional (RP) in its first meeting held on 06.11.2019. In the second CoC meeting held on 14.01.2020, Yes Bank Limited, the sole member of the CoC, invoked the corporate guarantee and recovered from the guarantor outstanding dues from the Corporate Debtor. The RP reconstituted the
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Adjudicating Authority admitted the CIRP…
Mr. MotappaThimmarayaswa…
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The case pertains to an application (I.A. No.137 of 2020) filed in an ongoing Corporate Insolvency Resolution Process (CIRP) of M/s. SGP Software Solutions Private Limited. The CIRP was initiated based on an application under Section 9 of the IBC, 2016, filed by Mr. Joji Thomas. The Adjudicating Authority admitted the CIRP on 24.09.2019 and appointed Mr. MotappaThimmarayaswamy as the Interim Resolution Professional (IRP), who was later confirmed as the Resolution Professional (RP). The RP sought an extension of the CIRP period by 60 days, from 22nd March 2020 to 21st May 2020.
Mr. Joji Thomas initiated the Corporate Insolvency Resolution Process (CIRP) against M/s. SGP Software Solutions Private Limited by filing CP(IB) No. 137/BB/2018 under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The Adjudicating Authority admitted the CIRP on 24.09.2019 and appointed Mr. MotappaThimmarayaswamy as the Interim Resolution Professional (IRP). The IRP made a public announcement on 11.10.2019. The Committee of Creditors (CoC) confirmed the IRP as the Resolution Professional (RP) in its first meeting held on 06.11.2019. In the second CoC meeting held on 14.01.2020, Yes Bank Limited, the sole member of the CoC, invoked the corporate guarantee and recovered from the guarantor outstanding dues from the Corporate Debtor. The RP reconstituted the
…Adjudicating Authority admitted the CIRP…
Mr. MotappaThimmarayaswa…
Sign in to view related legal provisions.