The case pertains to an application filed under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, regarding the Corporate Insolvency Resolution Process (CIRP) of V Hotels Limited. Asset Reconstruction Company (India) Limited, the Financial Creditor, initiated CIRP against V Hotels Ltd. The CIRP was initially initiated on 31.05.2019, but this order was set aside by NCLAT on 11.12.2019, releasing the Corporate Debtor from CIRP. However, the Supreme Court set aside the NCLAT's order on 01.08.2022, reinstating the CIRP. The Resolution Professional (RP) sought exclusion of the period from 31.05.2019 to 01.08.2022 from the CIRP period, which was allowed. The RP then published an addendum to the public announcement and invited updated claims from creditors. The
…Asset Reconstruction Company (India) Limited initiated Corporate Insolvency Resolution Process (CIRP) against V Hotels Ltd. under Section 7 of the Insolvency and Bankruptcy Code (IBC). The CIRP was initially ordered on 31.05.2019, but this was overturned by the National Company Law Appellate Tribunal (NCLAT) on 11.12.2019. The Supreme Court then reversed the NCLAT's decision on 01.08.2022, reinstating the CIRP. Anish Niranjan Nanavaty was appointed as the Interim Resolution Professional (IRP) and later continued as the Resolution Professional (RP). The RP filed an application to exclude the period from 31.05.2019 to 01.08.2022 from the CIRP, which was approved. The RP published Form-G, inviting Expressions of Interest (EoI), and received EoIs from 36 Prospective
…Sign in to view the parties.
The case was registered…
Tribunal initiated CIRP against the Corporate…
The case pertains to an application filed under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, regarding the Corporate Insolvency Resolution Process (CIRP) of V Hotels Limited. Asset Reconstruction Company (India) Limited, the Financial Creditor, initiated CIRP against V Hotels Ltd. The CIRP was initially initiated on 31.05.2019, but this order was set aside by NCLAT on 11.12.2019, releasing the Corporate Debtor from CIRP. However, the Supreme Court set aside the NCLAT's order on 01.08.2022, reinstating the CIRP. The Resolution Professional (RP) sought exclusion of the period from 31.05.2019 to 01.08.2022 from the CIRP period, which was allowed. The RP then published an addendum to the public announcement and invited updated claims from creditors. The
…Asset Reconstruction Company (India) Limited initiated Corporate Insolvency Resolution Process (CIRP) against V Hotels Ltd. under Section 7 of the Insolvency and Bankruptcy Code (IBC). The CIRP was initially ordered on 31.05.2019, but this was overturned by the National Company Law Appellate Tribunal (NCLAT) on 11.12.2019. The Supreme Court then reversed the NCLAT's decision on 01.08.2022, reinstating the CIRP. Anish Niranjan Nanavaty was appointed as the Interim Resolution Professional (IRP) and later continued as the Resolution Professional (RP). The RP filed an application to exclude the period from 31.05.2019 to 01.08.2022 from the CIRP, which was approved. The RP published Form-G, inviting Expressions of Interest (EoI), and received EoIs from 36 Prospective
…The case was registered…
Tribunal initiated CIRP against the Corporate…