The case involves proceedings under Section 7 of the Insolvency and Bankruptcy Code (IBC). JM Financial Asset Reconstruction Company Ltd filed an application against Samay Electronics Pvt Ltd. The Resolution Professional (RP) filed applications IA/1122(AHM)2022 for submitting a report and IA/1123(AHM)2022 under Section 12A of IBC for withdrawal of the Corporate Insolvency Resolution Process (CIRP).
JM Financial Asset Reconstruction Company Ltd filed an application under Section 7 of the IBC against Samay Electronics Pvt Ltd. The Resolution Professional (RP) filed IA/1122(AHM)2022 to submit a report, which the court took on record. The RP also filed IA/1123(AHM)2022 under Section 12A of the IBC to withdraw the CIRP. The CoC, consisting of only one member (JM Financial Asset Reconstruction Company Ltd), voted with 100% share in favor of withdrawing the CIRP. The RP received no claims from other creditors. The CoC passed a resolution on 2022-12-03 to withdraw the application.
Sign in to view the parties.
The CoC passed a…
The NCLT delivered the…
The case involves proceedings under Section 7 of the Insolvency and Bankruptcy Code (IBC). JM Financial Asset Reconstruction Company Ltd filed an application against Samay Electronics Pvt Ltd. The Resolution Professional (RP) filed applications IA/1122(AHM)2022 for submitting a report and IA/1123(AHM)2022 under Section 12A of IBC for withdrawal of the Corporate Insolvency Resolution Process (CIRP).
JM Financial Asset Reconstruction Company Ltd filed an application under Section 7 of the IBC against Samay Electronics Pvt Ltd. The Resolution Professional (RP) filed IA/1122(AHM)2022 to submit a report, which the court took on record. The RP also filed IA/1123(AHM)2022 under Section 12A of the IBC to withdraw the CIRP. The CoC, consisting of only one member (JM Financial Asset Reconstruction Company Ltd), voted with 100% share in favor of withdrawing the CIRP. The RP received no claims from other creditors. The CoC passed a resolution on 2022-12-03 to withdraw the application.
The CoC passed a…
The NCLT delivered the…