The case involves an application under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The Tribunal had previously admitted the petition and initiated the Corporate Insolvency Resolution Process (CIRP) on 06.09.2019, appointing an Interim Resolution Professional (IRP). However, the order initiating CIRP was not communicated or uploaded on the DMS portal of the NCLT, leaving the IRP unaware of the proceedings.
Mr. Navjeet Yadav filed an application under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016 against M/s. Hounslow Builders Pvt. Ltd. On 06.09.2019, the Tribunal admitted the petition and initiated the Corporate Insolvency Resolution Process (CIRP), appointing Mr. Abhay Kumar as the Interim Resolution Professional (IRP). However, the order was not communicated or uploaded to the NCLT's DMS portal. The IRP was unaware of the proceedings. On 05.08.2024, the Registry was directed to issue notice to the Applicant and Respondents. On 03.09.2024, Mr. S.N. Gautam, counsel for the Applicant, sought time to take instructions. The Corporate Debtor's counsel, Mr. Vaibhav Tyagi, stated that the parties had settled the matter. Ms. Udita Singh, counsel for the IRP,
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The Tribunal admitted the petition and…
The Registry was…
The case involves an application under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The Tribunal had previously admitted the petition and initiated the Corporate Insolvency Resolution Process (CIRP) on 06.09.2019, appointing an Interim Resolution Professional (IRP). However, the order initiating CIRP was not communicated or uploaded on the DMS portal of the NCLT, leaving the IRP unaware of the proceedings.
Mr. Navjeet Yadav filed an application under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016 against M/s. Hounslow Builders Pvt. Ltd. On 06.09.2019, the Tribunal admitted the petition and initiated the Corporate Insolvency Resolution Process (CIRP), appointing Mr. Abhay Kumar as the Interim Resolution Professional (IRP). However, the order was not communicated or uploaded to the NCLT's DMS portal. The IRP was unaware of the proceedings. On 05.08.2024, the Registry was directed to issue notice to the Applicant and Respondents. On 03.09.2024, Mr. S.N. Gautam, counsel for the Applicant, sought time to take instructions. The Corporate Debtor's counsel, Mr. Vaibhav Tyagi, stated that the parties had settled the matter. Ms. Udita Singh, counsel for the IRP,
…The Tribunal admitted the petition and…
The Registry was…