This Interlocutory Application (I.A. 4201/MB/2024) was filed in CP (IB) No. 1074/MB/2023 on 2024-07-15 under Section 60(5) of the Insolvency and Bankruptcy Code, 2016 (IBC) by Rohstoffe International Private Limited, a prospective resolution applicant (PRA), against Mr. Karthik Natarajan, the Resolution Professional (RP) of PAE Limited, and the Committee of Creditors (COC) of PAE Limited. The applicant sought an order to accept and consider its Expression of Interest (Eol) in parity with other PRAs. The main application, filed by Alp Acres & Landlines Private Limited, was admitted on 2024-04-22 under Section 7 of the IBC, initiating Corporate Insolvency Resolution Process (CIRP) against PAE Limited.
Rohstoffe International Private Limited (the Applicant) filed an Interlocutory Application (I.A. 4201/MB/2024) in CP (IB) No. 1074/MB/2023, seeking an order to direct the Resolution Professional (RP) of PAE Limited to accept and consider its Expression of Interest (Eol). The main application, filed by Alp Acres & Landlines Private Limited, was admitted on 2024-04-22, initiating Corporate Insolvency Resolution Process (CIRP) against PAE Limited. The RP issued Form G on 2024-05-23, inviting Eols with a deadline of 2024-06-12. The Applicant missed this deadline but submitted its Eol on 2024-06-19, which was rejected by the RP. The Applicant claims it intended to submit the Eol by email dated 2024-05-24. The RP sent a reminder email on 2024-06-11 to all PRAs, including
…Sign in to view the parties.
The Bench admitted the Main Application…
Respondent No. 1/RP issued Form G, inviting…
This Interlocutory Application (I.A. 4201/MB/2024) was filed in CP (IB) No. 1074/MB/2023 on 2024-07-15 under Section 60(5) of the Insolvency and Bankruptcy Code, 2016 (IBC) by Rohstoffe International Private Limited, a prospective resolution applicant (PRA), against Mr. Karthik Natarajan, the Resolution Professional (RP) of PAE Limited, and the Committee of Creditors (COC) of PAE Limited. The applicant sought an order to accept and consider its Expression of Interest (Eol) in parity with other PRAs. The main application, filed by Alp Acres & Landlines Private Limited, was admitted on 2024-04-22 under Section 7 of the IBC, initiating Corporate Insolvency Resolution Process (CIRP) against PAE Limited.
Rohstoffe International Private Limited (the Applicant) filed an Interlocutory Application (I.A. 4201/MB/2024) in CP (IB) No. 1074/MB/2023, seeking an order to direct the Resolution Professional (RP) of PAE Limited to accept and consider its Expression of Interest (Eol). The main application, filed by Alp Acres & Landlines Private Limited, was admitted on 2024-04-22, initiating Corporate Insolvency Resolution Process (CIRP) against PAE Limited. The RP issued Form G on 2024-05-23, inviting Eols with a deadline of 2024-06-12. The Applicant missed this deadline but submitted its Eol on 2024-06-19, which was rejected by the RP. The Applicant claims it intended to submit the Eol by email dated 2024-05-24. The RP sent a reminder email on 2024-06-11 to all PRAs, including
…The Bench admitted the Main Application…
Respondent No. 1/RP issued Form G, inviting…