I.A.No.329 of 2020 was filed by the Interim Resolution Professional (IRP) seeking confirmation of the proposed Resolution Professional (RP) and his own discharge. I.A.No.342 of 2020 was filed by IIFL Finance Limited seeking to declare actions taken by the IRP, including the constitution of the CoC and appointment of the RP, as null and void.
C.P.(IB)No.229/BB/2019, filed by India Infoline Finance Limited, was admitted by the Adjudicating Authority on May 29, 2020, initiating CIRP against the Corporate Debtor. Mr. V.S.Varun was appointed as the Interim Resolution Professional (IRP). The IRP made a public announcement on June 5, 2020, inviting claims from creditors by June 18, 2020. This process led to the provisional admission of claims from Nippon Life India AIF Management Limited and India Infoline Finance Limited. The IRP constituted the First Committee of Creditors (CoC) based on the received and collated claims, as per Section 21 of the IBC, 2016. Nippon Life India AIF Management Limited held 95.82% of the voting rights, and India Infoline Finance Limited held 4.18%. The IRP stated that due to the
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C.P.(IB)No.229/BB/2019 filed by India Infoline…
The IRP made a public announcement about the…
I.A.No.329 of 2020 was filed by the Interim Resolution Professional (IRP) seeking confirmation of the proposed Resolution Professional (RP) and his own discharge. I.A.No.342 of 2020 was filed by IIFL Finance Limited seeking to declare actions taken by the IRP, including the constitution of the CoC and appointment of the RP, as null and void.
C.P.(IB)No.229/BB/2019, filed by India Infoline Finance Limited, was admitted by the Adjudicating Authority on May 29, 2020, initiating CIRP against the Corporate Debtor. Mr. V.S.Varun was appointed as the Interim Resolution Professional (IRP). The IRP made a public announcement on June 5, 2020, inviting claims from creditors by June 18, 2020. This process led to the provisional admission of claims from Nippon Life India AIF Management Limited and India Infoline Finance Limited. The IRP constituted the First Committee of Creditors (CoC) based on the received and collated claims, as per Section 21 of the IBC, 2016. Nippon Life India AIF Management Limited held 95.82% of the voting rights, and India Infoline Finance Limited held 4.18%. The IRP stated that due to the
…C.P.(IB)No.229/BB/2019 filed by India Infoline…
The IRP made a public announcement about the…