The application IA (IBC) No. 533/JPR/2023 was filed by the Resolution Professional of Jaipur Metals & Electricals Ltd. under Section 60(5) of the Insolvency & Bankruptcy Code, 2016, seeking exclusion of a time period of 182 days (20.03.2023 to 18.09.2023) from the Corporate Insolvency Resolution Process of the Corporate Debtor. The CIRP of the Corporate Debtor had commenced vide order dated 13.04.2018 passed by the Principal Bench, New Delhi, pursuant to an application filed under Section 7 of the Code by the Financial Creditor, Alchemist Asset Reconstruction Company Limited. An application was also filed by the Applicant under Section 19(2) and 19(3) of the Code seeking directions against the management of the Corporate Debtor to extend co-operation and
…The Resolution Professional of Jaipur Metals & Electricals Ltd. filed an application seeking exclusion of 182 days (20.03.2023 to 18.09.2023) from the CIRP of the Corporate Debtor. The CIRP had commenced on 13.04.2018 based on an application under Section 7 by Alchemist Asset Reconstruction Company Limited. An application under Section 19(2) and 19(3) is pending, seeking directions for the management of the Corporate Debtor to cooperate and handover assets. The applicant's main ground for seeking exclusion is the non-handover of assets. Previous exclusions were granted for 137 days (18.02.2022 to 06.07.2022) and 257 days (07.07.2022 to 20.03.2023).
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CIRP of the Corporate Debtor commenced vide…
Tribunal granted…
The application IA (IBC) No. 533/JPR/2023 was filed by the Resolution Professional of Jaipur Metals & Electricals Ltd. under Section 60(5) of the Insolvency & Bankruptcy Code, 2016, seeking exclusion of a time period of 182 days (20.03.2023 to 18.09.2023) from the Corporate Insolvency Resolution Process of the Corporate Debtor. The CIRP of the Corporate Debtor had commenced vide order dated 13.04.2018 passed by the Principal Bench, New Delhi, pursuant to an application filed under Section 7 of the Code by the Financial Creditor, Alchemist Asset Reconstruction Company Limited. An application was also filed by the Applicant under Section 19(2) and 19(3) of the Code seeking directions against the management of the Corporate Debtor to extend co-operation and
…The Resolution Professional of Jaipur Metals & Electricals Ltd. filed an application seeking exclusion of 182 days (20.03.2023 to 18.09.2023) from the CIRP of the Corporate Debtor. The CIRP had commenced on 13.04.2018 based on an application under Section 7 by Alchemist Asset Reconstruction Company Limited. An application under Section 19(2) and 19(3) is pending, seeking directions for the management of the Corporate Debtor to cooperate and handover assets. The applicant's main ground for seeking exclusion is the non-handover of assets. Previous exclusions were granted for 137 days (18.02.2022 to 06.07.2022) and 257 days (07.07.2022 to 20.03.2023).
CIRP of the Corporate Debtor commenced vide…
Tribunal granted…