The case involves an application filed by K Parameswaran Nair, the Resolution Professional (RP) of the Corporate Debtor, Samson and Sons Builders and Developers Private Limited, seeking the exclusion of a period of 139 days from the Corporate Insolvency Resolution Process (CIRP). The CIRP was initiated following an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by Vijayakumaran J against the Corporate Debtor. The initial Interim Resolution Professional (IRP), Mr. Muhammed Davood Cmk, expressed his inability to continue due to health reasons and was replaced by Mr. Lukose Joseph. Subsequently, Mr. K. Parameswaran Nair was appointed as the RP. The application for exclusion of time was filed due to delays in the CIRP process, including the
…Vijayakumaran J, an operational creditor, initiated CIRP against Samson and Sons Builders and Developers Private Limited under Section 9 of the IBC. The Tribunal admitted the application on 2021-11-03. Muhammed Davood Cmk was initially appointed as the IRP but expressed his inability to continue due to health reasons. Lukose Joseph was then appointed as the IRP, but he also caused delays in the process. K Parameswaran Nair was subsequently appointed as the RP. The RP sought exclusion of 139 days from the CIRP timeline due to the delays, including a period when no RP was in place and delays in handing over documents. The CoC approved the resolution to seek exclusion of 139 days. The first meeting of the CoC was convened on 2021-12-23. The second meeting of the CoC was
…Sign in to view the parties.
Tribunal admitted the application filed under…
Mr. Muhammed Davood Cmk…
The case involves an application filed by K Parameswaran Nair, the Resolution Professional (RP) of the Corporate Debtor, Samson and Sons Builders and Developers Private Limited, seeking the exclusion of a period of 139 days from the Corporate Insolvency Resolution Process (CIRP). The CIRP was initiated following an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by Vijayakumaran J against the Corporate Debtor. The initial Interim Resolution Professional (IRP), Mr. Muhammed Davood Cmk, expressed his inability to continue due to health reasons and was replaced by Mr. Lukose Joseph. Subsequently, Mr. K. Parameswaran Nair was appointed as the RP. The application for exclusion of time was filed due to delays in the CIRP process, including the
…Vijayakumaran J, an operational creditor, initiated CIRP against Samson and Sons Builders and Developers Private Limited under Section 9 of the IBC. The Tribunal admitted the application on 2021-11-03. Muhammed Davood Cmk was initially appointed as the IRP but expressed his inability to continue due to health reasons. Lukose Joseph was then appointed as the IRP, but he also caused delays in the process. K Parameswaran Nair was subsequently appointed as the RP. The RP sought exclusion of 139 days from the CIRP timeline due to the delays, including a period when no RP was in place and delays in handing over documents. The CoC approved the resolution to seek exclusion of 139 days. The first meeting of the CoC was convened on 2021-12-23. The second meeting of the CoC was
…Tribunal admitted the application filed under…
Mr. Muhammed Davood Cmk…