The case involves a Corporate Insolvency Resolution Process (CIRP) initiated against Shivantika Bon Voyage Pvt. Ltd. based on an application filed by Tek Travels Pvt. Ltd. under Section 9 of the IBC. An Interim Resolution Professional (IRP) was appointed, and the Operational Creditor (OC) was directed to deposit Rs. 1,00,000 to cover immediate expenses. The IRP made a public announcement and communicated with the OC and the suspended board of directors. The IRP filed applications for termination of CIRP and withdrawal of the company petition due to a settlement between the parties. Several IAs were filed related to the termination of CIRP, settlement agreement, and fee of the IRP.
Tek Travels Pvt. Ltd. initiated CIRP against Shivantika Bon Voyage Pvt. Ltd. under Section 9 of IBC. The IRP was appointed and directed the OC to deposit Rs. 1,00,000. The IRP made a public announcement and communicated with the OC and the suspended board. The OC filed Form FA for withdrawal of CIRP based on a settlement. The IRP filed applications for termination of CIRP and withdrawal of the company petition. The OC deposited Rs. 1,00,000. The IRP constituted the CoC despite ongoing settlement talks. The Adjudicating Authority restrained the IRP from conducting a CoC meeting. The Corporate Debtor filed applications for termination of CIRP and reduction of the amount paid to the IRP. The IRP claimed expenses and fees, including advocate fees. The principal debt was
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CIRP initiated…
IRP inform…
The case involves a Corporate Insolvency Resolution Process (CIRP) initiated against Shivantika Bon Voyage Pvt. Ltd. based on an application filed by Tek Travels Pvt. Ltd. under Section 9 of the IBC. An Interim Resolution Professional (IRP) was appointed, and the Operational Creditor (OC) was directed to deposit Rs. 1,00,000 to cover immediate expenses. The IRP made a public announcement and communicated with the OC and the suspended board of directors. The IRP filed applications for termination of CIRP and withdrawal of the company petition due to a settlement between the parties. Several IAs were filed related to the termination of CIRP, settlement agreement, and fee of the IRP.
Tek Travels Pvt. Ltd. initiated CIRP against Shivantika Bon Voyage Pvt. Ltd. under Section 9 of IBC. The IRP was appointed and directed the OC to deposit Rs. 1,00,000. The IRP made a public announcement and communicated with the OC and the suspended board. The OC filed Form FA for withdrawal of CIRP based on a settlement. The IRP filed applications for termination of CIRP and withdrawal of the company petition. The OC deposited Rs. 1,00,000. The IRP constituted the CoC despite ongoing settlement talks. The Adjudicating Authority restrained the IRP from conducting a CoC meeting. The Corporate Debtor filed applications for termination of CIRP and reduction of the amount paid to the IRP. The IRP claimed expenses and fees, including advocate fees. The principal debt was
…CIRP initiated…
IRP inform…