The case involves an application (IA No. 1613/2022) filed by IDBI Bank Limited against Mr. Jalesh Kumar Grover, the Resolution Professional of GPI Textile Limited, under Section 60(5) of the Insolvency and Bankruptcy Code, 2016. IDBI Bank sought to set aside an e-mail/order dated 30.06.2022, where its claim was rejected by the Resolution Professional. The Corporate Insolvency Resolution Process (CIRP) was initiated against GPI Textile Limited on 06.07.2018. IDBI Bank submitted its claim as a financial creditor on 14.11.2019, which was rejected because it was filed after the approval of the Resolution Plan. The Resolution Plan was dismissed in CA No.287/2019, and the CIRP was extended. The bank had previously filed IA No. 511/2021 challenging the rejection of its claim,
…The Corporate Insolvency Resolution Process (CIRP) was initiated against GPI Textiles Limited on 06.07.2018. IDBI Bank Limited, claiming to be a financial creditor, submitted its claim on 14.11.2019, which was rejected by the Resolution Professional because it was filed after the approval of the Resolution Plan. The Resolution Plan was subsequently dismissed by the Adjudicating Authority in CA No.287/2019, and the CIRP was extended. IDBI Bank had previously filed IA No. 511/2021 challenging the rejection of its claim, which was also rejected on 24.05.2022 due to delay. The Resolution Professional of GPI Textile Limited filed IA No. 470/2023, seeking a direction to Himachal Pradesh State Electricity Board Limited not to disconnect the electricity supply to the Corporate
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Corporate Insolvency…
Resolution Prof…
The case involves an application (IA No. 1613/2022) filed by IDBI Bank Limited against Mr. Jalesh Kumar Grover, the Resolution Professional of GPI Textile Limited, under Section 60(5) of the Insolvency and Bankruptcy Code, 2016. IDBI Bank sought to set aside an e-mail/order dated 30.06.2022, where its claim was rejected by the Resolution Professional. The Corporate Insolvency Resolution Process (CIRP) was initiated against GPI Textile Limited on 06.07.2018. IDBI Bank submitted its claim as a financial creditor on 14.11.2019, which was rejected because it was filed after the approval of the Resolution Plan. The Resolution Plan was dismissed in CA No.287/2019, and the CIRP was extended. The bank had previously filed IA No. 511/2021 challenging the rejection of its claim,
…The Corporate Insolvency Resolution Process (CIRP) was initiated against GPI Textiles Limited on 06.07.2018. IDBI Bank Limited, claiming to be a financial creditor, submitted its claim on 14.11.2019, which was rejected by the Resolution Professional because it was filed after the approval of the Resolution Plan. The Resolution Plan was subsequently dismissed by the Adjudicating Authority in CA No.287/2019, and the CIRP was extended. IDBI Bank had previously filed IA No. 511/2021 challenging the rejection of its claim, which was also rejected on 24.05.2022 due to delay. The Resolution Professional of GPI Textile Limited filed IA No. 470/2023, seeking a direction to Himachal Pradesh State Electricity Board Limited not to disconnect the electricity supply to the Corporate
…Corporate Insolvency…
Resolution Prof…