The case involves an application (IA/814(CHE)/2021) filed under Section 19(2) of the IBC, seeking cooperation and submission of documents by the former board of directors of the Corporate Debtor under the Corporate Insolvency Resolution Process (CIRP). The Resolution Professional (RP) argues that the Corporate Debtor is an MSME and should be permitted to submit a resolution plan under Section 240A. A memo dated 28.02.2022 was submitted seeking withdrawal of IBA/1104/2019, after the resolution plan submitted by the Corporate Debtor/Resolution Applicant was approved by the Committee of Creditors (CoC).
The application IA/814(CHE)/2021 was filed under Section 19(2) of the IBC, seeking cooperation and submission of documents from the former board of directors of the Corporate Debtor, which is undergoing CIRP. The RP argues that the Corporate Debtor is an MSME and should be allowed to submit a resolution plan under Section 240A. The resolution plan submitted by the Corporate Debtor/Resolution Applicant has been approved by the CoC. A memo dated 28.02.2022 was submitted seeking withdrawal of IBA/1104/2019. The Corporate Debtor's compliance with the provisions of the Code is questioned.
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A memo was submitted…
Hearing held on…
The case involves an application (IA/814(CHE)/2021) filed under Section 19(2) of the IBC, seeking cooperation and submission of documents by the former board of directors of the Corporate Debtor under the Corporate Insolvency Resolution Process (CIRP). The Resolution Professional (RP) argues that the Corporate Debtor is an MSME and should be permitted to submit a resolution plan under Section 240A. A memo dated 28.02.2022 was submitted seeking withdrawal of IBA/1104/2019, after the resolution plan submitted by the Corporate Debtor/Resolution Applicant was approved by the Committee of Creditors (CoC).
The application IA/814(CHE)/2021 was filed under Section 19(2) of the IBC, seeking cooperation and submission of documents from the former board of directors of the Corporate Debtor, which is undergoing CIRP. The RP argues that the Corporate Debtor is an MSME and should be allowed to submit a resolution plan under Section 240A. The resolution plan submitted by the Corporate Debtor/Resolution Applicant has been approved by the CoC. A memo dated 28.02.2022 was submitted seeking withdrawal of IBA/1104/2019. The Corporate Debtor's compliance with the provisions of the Code is questioned.
A memo was submitted…
Hearing held on…