The case involves an application (I.A. 447/KB/2022) filed by Mr. Sumit Kumar Jain, the Interim Resolution Professional (IRP) appointed against the Corporate Debtor, Ohio Cardiology Associates Pvt Ltd, seeking recall of the order dated 05/05/2022, which initiated the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. The basis for seeking the recall is a settlement reached between the parties.
An application was filed by the Interim Resolution Professional (IRP), Mr. Sumit Kumar Jain, who was appointed for Ohio Cardiology Associates Pvt Ltd. The IRP sought the recall of the order dated 05/05/2022, which had initiated the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. The reason for seeking the recall was a settlement reached between the involved parties. Importantly, no Committee of Creditors (CoC) had been formed. The court considered the application under Section 12A of the IBC.
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An order was issued initiating the Corporate…
Hearing on the…
The case involves an application (I.A. 447/KB/2022) filed by Mr. Sumit Kumar Jain, the Interim Resolution Professional (IRP) appointed against the Corporate Debtor, Ohio Cardiology Associates Pvt Ltd, seeking recall of the order dated 05/05/2022, which initiated the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. The basis for seeking the recall is a settlement reached between the parties.
An application was filed by the Interim Resolution Professional (IRP), Mr. Sumit Kumar Jain, who was appointed for Ohio Cardiology Associates Pvt Ltd. The IRP sought the recall of the order dated 05/05/2022, which had initiated the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. The reason for seeking the recall was a settlement reached between the involved parties. Importantly, no Committee of Creditors (CoC) had been formed. The court considered the application under Section 12A of the IBC.
An order was issued initiating the Corporate…
Hearing on the…