The case involves a Corporate Insolvency Resolution Process (CIRP) initiated under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Tirupati Basmati Exports Private Limited. An application was filed by M/s. Sahil Singh Ayaan Kumar, Commission Agents, as an operational creditor. Previously, another CIRP application, CP (IB) 371/Chd/CHD/2018, filed by State Bank of India against the same corporate debtor, was admitted. A moratorium was declared, and an Interim Resolution Professional was appointed in the earlier case.
M/s. Sahil Singh Ayaan Kumar, Commission Agents, filed a CP application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Tirupati Basmati Exports Private Limited. This application sought to initiate CIRP against the corporate debtor. Prior to this application, State Bank of India, a financial creditor, had already filed a CP application (CP (IB) 371/Chd/CHD/2018) against the same corporate debtor, which was admitted by the Adjudicating Authority on 27.09.2019. Consequently, a moratorium was declared, and an Interim Resolution Professional was appointed. The order in the current case is dated 07.10.2019.
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CP (IB) 371/Chd/CHD/2018 filed by State Bank…
State Bank of India's CP application was…
The case involves a Corporate Insolvency Resolution Process (CIRP) initiated under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Tirupati Basmati Exports Private Limited. An application was filed by M/s. Sahil Singh Ayaan Kumar, Commission Agents, as an operational creditor. Previously, another CIRP application, CP (IB) 371/Chd/CHD/2018, filed by State Bank of India against the same corporate debtor, was admitted. A moratorium was declared, and an Interim Resolution Professional was appointed in the earlier case.
M/s. Sahil Singh Ayaan Kumar, Commission Agents, filed a CP application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Tirupati Basmati Exports Private Limited. This application sought to initiate CIRP against the corporate debtor. Prior to this application, State Bank of India, a financial creditor, had already filed a CP application (CP (IB) 371/Chd/CHD/2018) against the same corporate debtor, which was admitted by the Adjudicating Authority on 27.09.2019. Consequently, a moratorium was declared, and an Interim Resolution Professional was appointed. The order in the current case is dated 07.10.2019.
CP (IB) 371/Chd/CHD/2018 filed by State Bank…
State Bank of India's CP application was…