The case involves IA-35/2022, IA-36/2022, and IA-57/2022 filed by Inquest Fintech Private Limited seeking impleadment in IA-4978/2021, IA-4981/2021, and IA-4995/2021. These applications arise from the main Company Petition (IB)-1095/ND/2019 filed by Ritu Tandon against M/s Rain Automotive India Private Limited under Section 9 of IBC, 2016, which was admitted on 2019-06-14. Liquidation proceedings were initiated on 2020-01-02, and Maya Gupta was appointed as the Liquidator on 2023-01-15. The present IAs seek impleadment of Inquest Fintech, the assignee, in applications related to avoidance transactions initiated by the liquidator.
Ritu Tandon filed a Company Petition (IB)-1095/ND/2019 against M/s Rain Automotive India Private Limited under Section 9 of IBC, 2016, which was admitted on 2019-06-14. Liquidation proceedings commenced on 2020-01-02, and Maya Gupta was appointed Liquidator on 2023-01-15. The Liquidator filed IA-619/2021 under sections 45, 50, and 66 of the Code, seeking avoidance of certain transactions. This application was split into IA-4978/2021, IA-4981/2021, and IA-4995/2021. Inquest Fintech Private Limited, through Rakesh Kumar, sought impleadment in these applications. Inquest Fintech came to know about the sale of actionable claims through a newspaper publication on 2021-09-24 and approached the liquidator. Inquest Fintech submitted a bid on 2021-10-26 and deposited Rs.
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Company Petition (IB)-1095/ND/2019 filed by Ritu…
Liquidation Proceedings…
The case involves IA-35/2022, IA-36/2022, and IA-57/2022 filed by Inquest Fintech Private Limited seeking impleadment in IA-4978/2021, IA-4981/2021, and IA-4995/2021. These applications arise from the main Company Petition (IB)-1095/ND/2019 filed by Ritu Tandon against M/s Rain Automotive India Private Limited under Section 9 of IBC, 2016, which was admitted on 2019-06-14. Liquidation proceedings were initiated on 2020-01-02, and Maya Gupta was appointed as the Liquidator on 2023-01-15. The present IAs seek impleadment of Inquest Fintech, the assignee, in applications related to avoidance transactions initiated by the liquidator.
Ritu Tandon filed a Company Petition (IB)-1095/ND/2019 against M/s Rain Automotive India Private Limited under Section 9 of IBC, 2016, which was admitted on 2019-06-14. Liquidation proceedings commenced on 2020-01-02, and Maya Gupta was appointed Liquidator on 2023-01-15. The Liquidator filed IA-619/2021 under sections 45, 50, and 66 of the Code, seeking avoidance of certain transactions. This application was split into IA-4978/2021, IA-4981/2021, and IA-4995/2021. Inquest Fintech Private Limited, through Rakesh Kumar, sought impleadment in these applications. Inquest Fintech came to know about the sale of actionable claims through a newspaper publication on 2021-09-24 and approached the liquidator. Inquest Fintech submitted a bid on 2021-10-26 and deposited Rs.
…Company Petition (IB)-1095/ND/2019 filed by Ritu…
Liquidation Proceedings…