The case involves Sangeeta Ajay Goenka PG Rainbow Papers Ltd through Janak Jagjivan Shah as the applicant and Union Bank of India & Others as the respondent. The Resolution Professional's counsel appeared and submitted that the arguing counsel filed a leave note, which was not properly filed and hence not accepted. The Resolution Professional (RP) has not filed the report in time nor rectified the objections in scrutiny for over 1 month and has not complied with the earlier order.
Sangeeta Ajay Goenka PG Rainbow Papers Ltd through Janak Jagjivan Shah filed an application against Union Bank of India & Others. The Resolution Professional's counsel submitted a leave note from the arguing counsel, which the court rejected due to improper filing. The Resolution Professional (RP) failed to file the report on time, did not rectify objections raised during scrutiny for over a month, and did not comply with previous court orders. The Registry has been directed to write to the IBBI regarding the RP's laxity in filing the report and ensuring the application is filed without defects. The case is listed for further consideration on 11.09.2024. The key fact is the RP's non-compliance with procedural requirements and court orders.
Sign in to view the parties.
Order delivered…
Case listed for…
The case involves Sangeeta Ajay Goenka PG Rainbow Papers Ltd through Janak Jagjivan Shah as the applicant and Union Bank of India & Others as the respondent. The Resolution Professional's counsel appeared and submitted that the arguing counsel filed a leave note, which was not properly filed and hence not accepted. The Resolution Professional (RP) has not filed the report in time nor rectified the objections in scrutiny for over 1 month and has not complied with the earlier order.
Sangeeta Ajay Goenka PG Rainbow Papers Ltd through Janak Jagjivan Shah filed an application against Union Bank of India & Others. The Resolution Professional's counsel submitted a leave note from the arguing counsel, which the court rejected due to improper filing. The Resolution Professional (RP) failed to file the report on time, did not rectify objections raised during scrutiny for over a month, and did not comply with previous court orders. The Registry has been directed to write to the IBBI regarding the RP's laxity in filing the report and ensuring the application is filed without defects. The case is listed for further consideration on 11.09.2024. The key fact is the RP's non-compliance with procedural requirements and court orders.
Order delivered…
Case listed for…