The case involves an application (IA/2539/2021) filed by the Interim Resolution Professional (IRP), Nitin Om Kothari, under Section 12A of the Insolvency and Bankruptcy Code, 2016, seeking withdrawal of the Corporate Insolvency Resolution Process (CIRP) initiated against Meta Arch Private Limited. Several other IAs were filed, including one by Ramesh Bhagwandas Chhabria seeking intervention and rejection of the withdrawal application, and another by Kotak Mahindra Bank seeking directions to decide the Section 12A application urgently. Prasad Joshi, a member of the Committee of Creditors, also filed an IA for the dismissal of IA/2539/2021 and appointment of a new Resolution Professional.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Meta Arch Private Limited. Nitin Om Kothari was appointed as the Interim Resolution Professional (IRP). The IRP filed an application (IA/2539/2021) under Section 12A of the Insolvency and Bankruptcy Code, 2016, seeking withdrawal of the CIRP. Ramesh Bhagwandas Chhabria filed multiple applications (IA/2858/2021, IA/1891/2022) seeking intervention, rejection of the withdrawal application, and punishment of the IRP for alleged disobedience. Kotak Mahindra Bank filed an application (IA/2539/2022) seeking urgent decision on the withdrawal application. Prasad Joshi, a member of the Committee of Creditors, also filed an application (IA/3244/2022) for dismissal of the withdrawal application and
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CIRP initiated against…
Member of the Corporate…
The case involves an application (IA/2539/2021) filed by the Interim Resolution Professional (IRP), Nitin Om Kothari, under Section 12A of the Insolvency and Bankruptcy Code, 2016, seeking withdrawal of the Corporate Insolvency Resolution Process (CIRP) initiated against Meta Arch Private Limited. Several other IAs were filed, including one by Ramesh Bhagwandas Chhabria seeking intervention and rejection of the withdrawal application, and another by Kotak Mahindra Bank seeking directions to decide the Section 12A application urgently. Prasad Joshi, a member of the Committee of Creditors, also filed an IA for the dismissal of IA/2539/2021 and appointment of a new Resolution Professional.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Meta Arch Private Limited. Nitin Om Kothari was appointed as the Interim Resolution Professional (IRP). The IRP filed an application (IA/2539/2021) under Section 12A of the Insolvency and Bankruptcy Code, 2016, seeking withdrawal of the CIRP. Ramesh Bhagwandas Chhabria filed multiple applications (IA/2858/2021, IA/1891/2022) seeking intervention, rejection of the withdrawal application, and punishment of the IRP for alleged disobedience. Kotak Mahindra Bank filed an application (IA/2539/2022) seeking urgent decision on the withdrawal application. Prasad Joshi, a member of the Committee of Creditors, also filed an application (IA/3244/2022) for dismissal of the withdrawal application and
…CIRP initiated against…
Member of the Corporate…