The case involves multiple IA (Interlocutory Application) numbers and CP (IB) No. 221/Chd/Hry/2021, which has been admitted under Section 9 of the Insolvency and Bankruptcy Code, 2016, and Rule 11 of NCLT Rules, 2016. The case is between Sachin Jain, Proprietor, Shree Shanti Nath Steels (Petitioner-Operational Creditor) and SBA Industries Pvt. Ltd. (Respondent-Corporate Debtor). The court is addressing various applications related to the insolvency resolution process, including progress reports and requests for information.
Sachin Jain, Proprietor of Shree Shanti Nath Steels, is the Petitioner-Operational Creditor in an insolvency case against SBA Industries Pvt. Ltd., the Respondent-Corporate Debtor. The case is being heard by the National Company Law Tribunal (NCLT), Chandigarh Bench. Several Interlocutory Applications (IAs) are being considered alongside the main Corporate Insolvency Resolution Process (CIRP) application, CP (IB) No. 221/Chd/Hry/2021, which has been admitted under Section 9 of the Insolvency and Bankruptcy Code, 2016. The IAs include requests for information from banks, placement of progress reports on record, and procedural matters related to filing replies and affidavits. The Interim Resolution Professional (IRP) is involved in communicating requirements to the
…Sign in to view the parties.
The Interim Resolution Professional (IRP) had…
The case is li…
The case involves multiple IA (Interlocutory Application) numbers and CP (IB) No. 221/Chd/Hry/2021, which has been admitted under Section 9 of the Insolvency and Bankruptcy Code, 2016, and Rule 11 of NCLT Rules, 2016. The case is between Sachin Jain, Proprietor, Shree Shanti Nath Steels (Petitioner-Operational Creditor) and SBA Industries Pvt. Ltd. (Respondent-Corporate Debtor). The court is addressing various applications related to the insolvency resolution process, including progress reports and requests for information.
Sachin Jain, Proprietor of Shree Shanti Nath Steels, is the Petitioner-Operational Creditor in an insolvency case against SBA Industries Pvt. Ltd., the Respondent-Corporate Debtor. The case is being heard by the National Company Law Tribunal (NCLT), Chandigarh Bench. Several Interlocutory Applications (IAs) are being considered alongside the main Corporate Insolvency Resolution Process (CIRP) application, CP (IB) No. 221/Chd/Hry/2021, which has been admitted under Section 9 of the Insolvency and Bankruptcy Code, 2016. The IAs include requests for information from banks, placement of progress reports on record, and procedural matters related to filing replies and affidavits. The Interim Resolution Professional (IRP) is involved in communicating requirements to the
…The Interim Resolution Professional (IRP) had…
The case is li…