The case involves an application filed by Mr. Anil Anchalia, the Interim Resolution Professional (IRP) of Mahakal Agro Storage & Processing Unit Private Limited, under Section 19(2) of the Insolvency and Bankruptcy Code, 2016, read with regulation 30 of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. Another application, I.A.(I.B.C.)/359/KB/2023, was filed under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, by the Resolution Professional of the Corporate Debtor, seeking liquidation, which was admitted on 07.08.2023.
Indian Overseas Bank is the Financial Creditor. Mahakal Agro Storage & Processing Unit Private Limited is the Corporate Debtor. Mr. Anil Anchalia is the Interim Resolution Professional (IRP) and Applicant. Manas Sarkar & Anr. are the Respondents. The IRP filed an application under Section 19(2) of the Insolvency and Bankruptcy Code, 2016. Subsequently, another application, I.A.(I.B.C.)/359/KB/2023, was filed under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, by the Resolution Professional of the Corporate Debtor, praying for liquidation. The liquidation application was admitted on 07.08.2023. The court then considered the initial application filed by the IRP.
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The Insolven…
CP (IB) No. 1285/KB/2019…
The case involves an application filed by Mr. Anil Anchalia, the Interim Resolution Professional (IRP) of Mahakal Agro Storage & Processing Unit Private Limited, under Section 19(2) of the Insolvency and Bankruptcy Code, 2016, read with regulation 30 of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. Another application, I.A.(I.B.C.)/359/KB/2023, was filed under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, by the Resolution Professional of the Corporate Debtor, seeking liquidation, which was admitted on 07.08.2023.
Indian Overseas Bank is the Financial Creditor. Mahakal Agro Storage & Processing Unit Private Limited is the Corporate Debtor. Mr. Anil Anchalia is the Interim Resolution Professional (IRP) and Applicant. Manas Sarkar & Anr. are the Respondents. The IRP filed an application under Section 19(2) of the Insolvency and Bankruptcy Code, 2016. Subsequently, another application, I.A.(I.B.C.)/359/KB/2023, was filed under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, by the Resolution Professional of the Corporate Debtor, praying for liquidation. The liquidation application was admitted on 07.08.2023. The court then considered the initial application filed by the IRP.
The Insolven…
CP (IB) No. 1285/KB/2019…