The case involves an application filed by the Resolution Professional (RP) seeking two primary reliefs: exclusion of certain days from the Corporate Insolvency Resolution (CIR) process period and addressing non-compliance of CIR expenses by three major claimants. The RP argues that certain days were spent due to the inclusion of flat buyers as financial claimants and replies from the Committee of Creditors (COC) representatives. The RP seeks exclusion of the period from August 10, 2018, to November 12, 2018. Additionally, the application addresses non-compliance of CIR expenses by Dewan, Kotak Mahindra, and Hero Fin Corp.
Pallavi Joshi Bakhru filed a case against Universal Buildwel Pvt. Ltd. The Resolution Professional (RP) filed an application seeking exclusion of certain days from the Corporate Insolvency Resolution (CIR) process period, specifically from August 10, 2018, to November 12, 2018, due to the inclusion of flat buyers as financial claimants and the need to address replies from the Committee of Creditors (COC) representatives. The application also addressed non-compliance of CIR expenses by three major claimants: Dewan, Kotak Mahindra, and Hero Fin Corp. The RP's appointment of Mr. Atul Kansal was also under consideration. The NCLAT's guidelines in Quinn Logistics India Pvt. Ltd. V/s. Mack Soft Tech Pvt. Ltd. & Others were considered.
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The Resolution Professional (RP) sought…
The Resolution Professional (RP) sought…
The case involves an application filed by the Resolution Professional (RP) seeking two primary reliefs: exclusion of certain days from the Corporate Insolvency Resolution (CIR) process period and addressing non-compliance of CIR expenses by three major claimants. The RP argues that certain days were spent due to the inclusion of flat buyers as financial claimants and replies from the Committee of Creditors (COC) representatives. The RP seeks exclusion of the period from August 10, 2018, to November 12, 2018. Additionally, the application addresses non-compliance of CIR expenses by Dewan, Kotak Mahindra, and Hero Fin Corp.
Pallavi Joshi Bakhru filed a case against Universal Buildwel Pvt. Ltd. The Resolution Professional (RP) filed an application seeking exclusion of certain days from the Corporate Insolvency Resolution (CIR) process period, specifically from August 10, 2018, to November 12, 2018, due to the inclusion of flat buyers as financial claimants and the need to address replies from the Committee of Creditors (COC) representatives. The application also addressed non-compliance of CIR expenses by three major claimants: Dewan, Kotak Mahindra, and Hero Fin Corp. The RP's appointment of Mr. Atul Kansal was also under consideration. The NCLAT's guidelines in Quinn Logistics India Pvt. Ltd. V/s. Mack Soft Tech Pvt. Ltd. & Others were considered.
The Resolution Professional (RP) sought…
The Resolution Professional (RP) sought…