The case pertains to the Corporate Insolvency Resolution Process (CIRP) initiated against Supreme Vasai Bhiwandi Tollways Private Limited based on an application filed by the Financial Creditor, Srei Infrastructure Finance Limited, under Section 7 of the Insolvency and Bankruptcy Code, 2016.
Srei Infrastructure Finance Limited filed an application under Section 7 of the IBC, 2016 to initiate CIRP against Supreme Vasai Bhiwandi Tollways Private Limited.
The CIRP was initiated, and Mr. Rajesh Lihala was appointed as the Interim Resolution Professional (IRP).
A Writ Petition was filed by Mr. Vikram Bhawanishankar Sharma, Suspended Board of Directors against the order.
The Hon'ble Punjab & Haryana High Court stayed the order of the Tribunal on 26.12.2022.
The High Court disposed of the Writ Petition on 01.05.2023, granting liberty to the petitioner to avail statutory remedy of appeal.
The Suspended Board of Directors filed an appeal on 19.05.2023, after the expiry of 14 days, and the CIRP was restored from 15.05.2023.
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CP(IB) No. 442/Chd/Hry/2…
Order dated 22.12.2022…
The case pertains to the Corporate Insolvency Resolution Process (CIRP) initiated against Supreme Vasai Bhiwandi Tollways Private Limited based on an application filed by the Financial Creditor, Srei Infrastructure Finance Limited, under Section 7 of the Insolvency and Bankruptcy Code, 2016.
Srei Infrastructure Finance Limited filed an application under Section 7 of the IBC, 2016 to initiate CIRP against Supreme Vasai Bhiwandi Tollways Private Limited.
The CIRP was initiated, and Mr. Rajesh Lihala was appointed as the Interim Resolution Professional (IRP).
A Writ Petition was filed by Mr. Vikram Bhawanishankar Sharma, Suspended Board of Directors against the order.
The Hon'ble Punjab & Haryana High Court stayed the order of the Tribunal on 26.12.2022.
The High Court disposed of the Writ Petition on 01.05.2023, granting liberty to the petitioner to avail statutory remedy of appeal.
The Suspended Board of Directors filed an appeal on 19.05.2023, after the expiry of 14 days, and the CIRP was restored from 15.05.2023.
…CP(IB) No. 442/Chd/Hry/2…
Order dated 22.12.2022…