The case involves an application filed by Mr. Mukesh Kumar Jain, the Interim Resolution Professional (IRP) of Futuristics Metal Trading Pvt. Ltd. ('Corporate Debtor'), seeking to be relieved from his duties due to personal reasons, specifically the need to care for his ailing father. The Corporate Insolvency Resolution Process (CIRP) against Futuristics Metal Trading Pvt. Ltd. was initiated on 2024-07-02 based on an application filed by the Operational Creditor under Section 9 of the Insolvency and Bankruptcy Code, 2016, and Chiranjib Chakraborty was initially appointed as the IRP. Mr. Mukesh Kumar Jain was later appointed as IRP on 2024-10-04.
On 2024-07-02, the Adjudicating Authority initiated the Corporate Insolvency Resolution Process (CIRP) against M/s Futuristics Metal Trading Pvt. Ltd. ('Corporate Debtor') based on an application filed by the Operational Creditor under Section 9 of the Insolvency and Bankruptcy Code, 2016. Chiranjib Chakraborty was initially appointed as the Interim Resolution Professional (IRP). On 2024-10-04, Mr. Mukesh Kumar Jain was appointed as the IRP. Mr. Jain filed an application seeking to be relieved from his duties as IRP because he is 58 years old and needs to care for his 83-year-old father who suffers from dementia and requires frequent travel to Jaipur for medical care, making it difficult for him to fulfill his responsibilities as IRP. The court considered the
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The Adjudicating Authority initiated the…
Mr. Mukesh Kumar Jain…
The case involves an application filed by Mr. Mukesh Kumar Jain, the Interim Resolution Professional (IRP) of Futuristics Metal Trading Pvt. Ltd. ('Corporate Debtor'), seeking to be relieved from his duties due to personal reasons, specifically the need to care for his ailing father. The Corporate Insolvency Resolution Process (CIRP) against Futuristics Metal Trading Pvt. Ltd. was initiated on 2024-07-02 based on an application filed by the Operational Creditor under Section 9 of the Insolvency and Bankruptcy Code, 2016, and Chiranjib Chakraborty was initially appointed as the IRP. Mr. Mukesh Kumar Jain was later appointed as IRP on 2024-10-04.
On 2024-07-02, the Adjudicating Authority initiated the Corporate Insolvency Resolution Process (CIRP) against M/s Futuristics Metal Trading Pvt. Ltd. ('Corporate Debtor') based on an application filed by the Operational Creditor under Section 9 of the Insolvency and Bankruptcy Code, 2016. Chiranjib Chakraborty was initially appointed as the Interim Resolution Professional (IRP). On 2024-10-04, Mr. Mukesh Kumar Jain was appointed as the IRP. Mr. Jain filed an application seeking to be relieved from his duties as IRP because he is 58 years old and needs to care for his 83-year-old father who suffers from dementia and requires frequent travel to Jaipur for medical care, making it difficult for him to fulfill his responsibilities as IRP. The court considered the
…The Adjudicating Authority initiated the…
Mr. Mukesh Kumar Jain…