The case involves two applications, I.A. (IB) No. 578/KB/2022 filed by Lotus One Investment Pte. Limited seeking direction upon the Respondent No. 3 to accept the Expression of Interest (EoI) submitted by the Applicant and I.A.(IB) No. 594/KB/2022 filed by Mr. Girish Siriram Juneja, the Resolution Professional of Hindusthan National Glass & Industries Limited praying for extension of the Corporate Insolvency Resolution Process by a period of 90 days on completion of 180 days on 10 July 2022. The Corporate Debtor, Hindusthan National Glass & Industries Limited was admitted into Corporate Insolvency Resolution Process (“CIRP”) vide order dated 21 October 2021 (amended on 22 October 2021) on a petition filed under section 7 of the Insolvency and Bankruptcy Code,
…DBS Bank Limited initiated CIRP against Hindusthan National Glass & Industries Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The CIRP commenced on 21 October 2021. Girish Sriram Juneja was appointed as the Resolution Professional. Lotus One Investment Pte. Limited, a Singapore-based company, expressed interest in submitting an Expression of Interest (EoI) but faced delays due to internal processes. The invitation for EoI was published on 25 March 2022, with a corrigendum on 23 April 2022. Lotus One Investment became aware of the CIRP on 9 May 2022 and submitted its EoI on 17 May 2022, which was rejected by the Resolution Professional on 20 May 2022. The CoC extended the EoI submission deadline to 9 May 2022. Lotus One Investment filed I.A.
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Corporate D…
Respondent…
The case involves two applications, I.A. (IB) No. 578/KB/2022 filed by Lotus One Investment Pte. Limited seeking direction upon the Respondent No. 3 to accept the Expression of Interest (EoI) submitted by the Applicant and I.A.(IB) No. 594/KB/2022 filed by Mr. Girish Siriram Juneja, the Resolution Professional of Hindusthan National Glass & Industries Limited praying for extension of the Corporate Insolvency Resolution Process by a period of 90 days on completion of 180 days on 10 July 2022. The Corporate Debtor, Hindusthan National Glass & Industries Limited was admitted into Corporate Insolvency Resolution Process (“CIRP”) vide order dated 21 October 2021 (amended on 22 October 2021) on a petition filed under section 7 of the Insolvency and Bankruptcy Code,
…DBS Bank Limited initiated CIRP against Hindusthan National Glass & Industries Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The CIRP commenced on 21 October 2021. Girish Sriram Juneja was appointed as the Resolution Professional. Lotus One Investment Pte. Limited, a Singapore-based company, expressed interest in submitting an Expression of Interest (EoI) but faced delays due to internal processes. The invitation for EoI was published on 25 March 2022, with a corrigendum on 23 April 2022. Lotus One Investment became aware of the CIRP on 9 May 2022 and submitted its EoI on 17 May 2022, which was rejected by the Resolution Professional on 20 May 2022. The CoC extended the EoI submission deadline to 9 May 2022. Lotus One Investment filed I.A.
…Corporate D…
Respondent…