The case involves an application (IA-4189/ND/2022) filed under Sections 33(1) and 34(1) of the Insolvency and Bankruptcy Code, 2016, seeking the commencement of liquidation proceedings for the Corporate Debtor, M/s Reom Infrastructure and Construction Limited. The CIRP was initiated against the Corporate Debtor on 19.07.2019, and the Applicant, Satya Prakash Gupta, was appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional. The ex-management of the Corporate Debtor failed to provide necessary documents and information to the Applicant despite multiple requests. The Applicant filed a Non-Cooperation Application (CA-1700(PB)/2019) seeking directions against the Respondents. The CIRP period was extended by 90 days, and an
…M/s Chryso India Private Limited is the Operational Creditor. M/s Reom Infrastructure and Construction Limited is the Corporate Debtor. The Adjudicating Authority initiated CIRP against the Corporate Debtor on 19.07.2019. Satya Prakash Gupta was appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional. The ex-management of the Corporate Debtor failed to provide necessary documents and information to the Applicant. The Applicant filed a Non-Cooperation Application (CA-1700(PB)/2019). The CIRP period was extended by 90 days, and an application (IA-4666/2021) was filed for exclusion of 794 days from the CIRP period, which was allowed. An application (IA 1875/2022) for exclusion of 210 days was dismissed, and the subsequent appeal
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The case involves an application (IA-4189/ND/2022) filed under Sections 33(1) and 34(1) of the Insolvency and Bankruptcy Code, 2016, seeking the commencement of liquidation proceedings for the Corporate Debtor, M/s Reom Infrastructure and Construction Limited. The CIRP was initiated against the Corporate Debtor on 19.07.2019, and the Applicant, Satya Prakash Gupta, was appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional. The ex-management of the Corporate Debtor failed to provide necessary documents and information to the Applicant despite multiple requests. The Applicant filed a Non-Cooperation Application (CA-1700(PB)/2019) seeking directions against the Respondents. The CIRP period was extended by 90 days, and an
…M/s Chryso India Private Limited is the Operational Creditor. M/s Reom Infrastructure and Construction Limited is the Corporate Debtor. The Adjudicating Authority initiated CIRP against the Corporate Debtor on 19.07.2019. Satya Prakash Gupta was appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional. The ex-management of the Corporate Debtor failed to provide necessary documents and information to the Applicant. The Applicant filed a Non-Cooperation Application (CA-1700(PB)/2019). The CIRP period was extended by 90 days, and an application (IA-4666/2021) was filed for exclusion of 794 days from the CIRP period, which was allowed. An application (IA 1875/2022) for exclusion of 210 days was dismissed, and the subsequent appeal
…CIRP was ini…
Public announ…