The case pertains to proceedings under Section 9 of the Insolvency and Bankruptcy Code (IBC). The Corporate Debtor was admitted into Corporate Insolvency Resolution Process (CIRP) by order dated July 20, 2022. An Interim Resolution Professional (IRP), Mr. Hiten Mukundbhai Parikh, was appointed. However, the IRP submitted a letter on July 29, 2022, stating a conflict of interest with the Corporate Debtor and unwillingness to continue as IRP.
Shine Plastics, through its proprietor Mr. Shaileshkumar Jasubhai Shah, filed an application under Section 9 of the IBC against Classic Build Projects Pvt Ltd. The Corporate Debtor, Classic Build Projects Pvt Ltd, was admitted into CIRP on July 20, 2022. Mr. Hiten Mukundbhai Parikh was appointed as the IRP. However, on July 29, 2022, Mr. Parikh submitted a letter stating a conflict of interest with the Corporate Debtor and his unwillingness to continue as IRP. The Adjudicating Authority accepted this and appointed Mr. Gaurav Inderchand Nahta as the new IRP.
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The Corporate Debtor,…
Mr. Hiten Mukundbhai…
The case pertains to proceedings under Section 9 of the Insolvency and Bankruptcy Code (IBC). The Corporate Debtor was admitted into Corporate Insolvency Resolution Process (CIRP) by order dated July 20, 2022. An Interim Resolution Professional (IRP), Mr. Hiten Mukundbhai Parikh, was appointed. However, the IRP submitted a letter on July 29, 2022, stating a conflict of interest with the Corporate Debtor and unwillingness to continue as IRP.
Shine Plastics, through its proprietor Mr. Shaileshkumar Jasubhai Shah, filed an application under Section 9 of the IBC against Classic Build Projects Pvt Ltd. The Corporate Debtor, Classic Build Projects Pvt Ltd, was admitted into CIRP on July 20, 2022. Mr. Hiten Mukundbhai Parikh was appointed as the IRP. However, on July 29, 2022, Mr. Parikh submitted a letter stating a conflict of interest with the Corporate Debtor and his unwillingness to continue as IRP. The Adjudicating Authority accepted this and appointed Mr. Gaurav Inderchand Nahta as the new IRP.
The Corporate Debtor,…
Mr. Hiten Mukundbhai…