The case involves an application filed by the Resolution Professional (RP) of Kohinoor Steel Private Limited, seeking an exclusion/extension of the Corporate Insolvency Resolution Process (CIRP) period. The CIRP was initiated on November 20, 2019. During the CIRP, various extensions and exclusions were granted by the Adjudicating Authority. The Enforcement Directorate issued a provisional attachment order on December 30, 2021, attaching the properties of the corporate debtor, which halted the CIRP process. The Adjudicating Authority, upon the RP's request, excluded three months from the CIRP to allow the RP to address the PMLA attachment. The Adjudicating Authority under the PMLA, New Delhi, confirmed the Provisional Attachment Order on August 22, 2022. The Committee
…Rahul Carbon Commercials Private Limited is the Operational Creditor. Kohinoor Steel Private Limited is the Corporate Debtor undergoing CIRP. The CIRP commenced on November 20, 2019. The Enforcement Directorate issued a provisional attachment order on December 30, 2021, attaching the properties of Kohinoor Steel Private Limited, which halted the CIRP process. The Adjudicating Authority excluded three months from the CIRP period to enable the RP to take action for removal of PMLA attachment, vide order dated June 28, 2022. The Adjudicating Authority under the PMLA, New Delhi, confirmed the Provisional Attachment Order on August 22, 2022. The CoC advised the RP to file an appeal before the Hon'ble Appellate Tribunal under the PMLA, 2002. The RP filed IA 1029/2022 for
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CIRP was comme…
The Enforcement Directorate issued a…
The case involves an application filed by the Resolution Professional (RP) of Kohinoor Steel Private Limited, seeking an exclusion/extension of the Corporate Insolvency Resolution Process (CIRP) period. The CIRP was initiated on November 20, 2019. During the CIRP, various extensions and exclusions were granted by the Adjudicating Authority. The Enforcement Directorate issued a provisional attachment order on December 30, 2021, attaching the properties of the corporate debtor, which halted the CIRP process. The Adjudicating Authority, upon the RP's request, excluded three months from the CIRP to allow the RP to address the PMLA attachment. The Adjudicating Authority under the PMLA, New Delhi, confirmed the Provisional Attachment Order on August 22, 2022. The Committee
…Rahul Carbon Commercials Private Limited is the Operational Creditor. Kohinoor Steel Private Limited is the Corporate Debtor undergoing CIRP. The CIRP commenced on November 20, 2019. The Enforcement Directorate issued a provisional attachment order on December 30, 2021, attaching the properties of Kohinoor Steel Private Limited, which halted the CIRP process. The Adjudicating Authority excluded three months from the CIRP period to enable the RP to take action for removal of PMLA attachment, vide order dated June 28, 2022. The Adjudicating Authority under the PMLA, New Delhi, confirmed the Provisional Attachment Order on August 22, 2022. The CoC advised the RP to file an appeal before the Hon'ble Appellate Tribunal under the PMLA, 2002. The RP filed IA 1029/2022 for
…CIRP was comme…
The Enforcement Directorate issued a…