The case involves M/s. Shree Balaji Super Foods V/s. M/s. Young Mind Rest Restaurant Pvt. Ltd. The Operational Creditor appeared before the National Company Law Tribunal (NCLT), New Delhi Bench. The Operational Creditor submitted that the expenses of the Interim Resolution Professional (IRP) have been settled, which was confirmed by Mr. Sanjay Sahni, the IRP, who was present in court. However, the Operational Creditor's claim has not been accepted by the IRP.
The case involves a dispute between M/s. Shree Balaji Super Foods (Operational Creditor) and M/s. Young Mind Rest Restaurant Pvt. Ltd. (Corporate Debtor). The Operational Creditor appeared before the NCLT, New Delhi Bench, stating that the IRP expenses were settled, which the IRP, Mr. Sanjay Sahni, confirmed. However, the IRP did not accept the Operational Creditor's claim. The Operational Creditor, being the only claimant, requested the termination of the CIRP due to the expenses involved. No COC had been constituted. The relevance of these facts lies in the court's decision to terminate the CIRP based on the Operational Creditor's request and the absence of a COC.
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The case involves M/s. Shree Balaji Super Foods V/s. M/s. Young Mind Rest Restaurant Pvt. Ltd. The Operational Creditor appeared before the National Company Law Tribunal (NCLT), New Delhi Bench. The Operational Creditor submitted that the expenses of the Interim Resolution Professional (IRP) have been settled, which was confirmed by Mr. Sanjay Sahni, the IRP, who was present in court. However, the Operational Creditor's claim has not been accepted by the IRP.
The case involves a dispute between M/s. Shree Balaji Super Foods (Operational Creditor) and M/s. Young Mind Rest Restaurant Pvt. Ltd. (Corporate Debtor). The Operational Creditor appeared before the NCLT, New Delhi Bench, stating that the IRP expenses were settled, which the IRP, Mr. Sanjay Sahni, confirmed. However, the IRP did not accept the Operational Creditor's claim. The Operational Creditor, being the only claimant, requested the termination of the CIRP due to the expenses involved. No COC had been constituted. The relevance of these facts lies in the court's decision to terminate the CIRP based on the Operational Creditor's request and the absence of a COC.
Attendance-cum-order sheet of the hearing…
Sign in to view related legal provisions.