The case involves an application (IA/149/CHE/2022) filed by the Applicant/Creditor under Rule 154 of NCLT Rules, 2016, read with Rule 11 of NCLT Rules, 2016, and Section 98(1) of the IBC, 2016, seeking rectification of an earlier order dated 04.02.2022. The initial order appointed Mr. AmierHamsa Ali Abbas Rawther as the Resolution Professional. The applicant contends that there was an error in the initial application, specifically in Part-IV of Form-C, where the details were filled as if the application was filed through the Insolvency Professional, whereas it was filed by the Creditor. The applicant also brought to the Tribunal's notice Regulation 4(1) of the IBBI regulations concerning the eligibility of resolution professionals.
S.Elangovan & Anr filed a main petition CP(IB)/81(CHE)/2021. An application IA/149/CHE/2022 was filed by the Applicant/Creditor under Rule 154 of NCLT Rules, 2016, read with Rule 11 of NCLT Rules, 2016, and Section 98(1) of the IBC, 2016, seeking rectification of an earlier order dated 04.02.2022. The initial order appointed Mr. AmierHamsa Ali Abbas Rawther as the Resolution Professional. The applicant contends that there was an error in the initial application, specifically in Part-IV of Form-C, where the details were filled as if the application was filed through the Insolvency Professional, whereas it was filed by the Creditor. The applicant also brought to the Tribunal's notice Regulation 4(1) of the IBBI regulations concerning the eligibility of resolution
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An order was passed appointing Mr.…
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The case involves an application (IA/149/CHE/2022) filed by the Applicant/Creditor under Rule 154 of NCLT Rules, 2016, read with Rule 11 of NCLT Rules, 2016, and Section 98(1) of the IBC, 2016, seeking rectification of an earlier order dated 04.02.2022. The initial order appointed Mr. AmierHamsa Ali Abbas Rawther as the Resolution Professional. The applicant contends that there was an error in the initial application, specifically in Part-IV of Form-C, where the details were filled as if the application was filed through the Insolvency Professional, whereas it was filed by the Creditor. The applicant also brought to the Tribunal's notice Regulation 4(1) of the IBBI regulations concerning the eligibility of resolution professionals.
S.Elangovan & Anr filed a main petition CP(IB)/81(CHE)/2021. An application IA/149/CHE/2022 was filed by the Applicant/Creditor under Rule 154 of NCLT Rules, 2016, read with Rule 11 of NCLT Rules, 2016, and Section 98(1) of the IBC, 2016, seeking rectification of an earlier order dated 04.02.2022. The initial order appointed Mr. AmierHamsa Ali Abbas Rawther as the Resolution Professional. The applicant contends that there was an error in the initial application, specifically in Part-IV of Form-C, where the details were filled as if the application was filed through the Insolvency Professional, whereas it was filed by the Creditor. The applicant also brought to the Tribunal's notice Regulation 4(1) of the IBBI regulations concerning the eligibility of resolution
…An order was passed appointing Mr.…
Hearing of Chennai Bench…