The case involves an application filed by the Interim Resolution Professional (IRP) of M/s. Selathaar Tanning Industries Private Limited under Section 60(5)(c) of the Insolvency and Bankruptcy Code, 2016. The IRP sought the withdrawal of the Corporate Insolvency Resolution Process (CIRP) order dated 09-04-2021, initiation of action against the Operational Creditor (M/s. Amit Dye Chem) for disobedience, compensation for the IRP's time invested, and other reliefs. The Operational Creditor was non-cooperative and did not comply with the Tribunal's orders. The IRP faced difficulties in discharging duties, including making a public announcement and tracing the Corporate Debtor's records. The Corporate Debtor did not appear before the Tribunal, and the proceedings were
…M/s. Selathaar Tanning Industries Private Limited, with CIN: U9112TN2001PTC046879, was incorporated on 29.03.2001. The registered office is located in Chennai. The authorized capital is Rs. 1,00,00,000/-, and the paid-up capital is Rs. 10,01,000/-. Jamallur Razack Sakkira Banu and Jamallur Razack Abdul Hakkim are the Directors. An application was filed by the Interim Resolution Professional (IRP), M. Murugesan, due to the non-cooperation of the Operational Creditor, M/s. Amit Dye Chem. The CIRP order was dated 09-04-2021. The IRP was appointed on 12.04.2021. The IRP made several attempts to contact the Operational Creditor but received no response. The IRP could not locate the Corporate Debtor's office or records. The Operational Creditor's shop was closed for more
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M/s. Selathaar Tanning…
CIRP order was passed…
The case involves an application filed by the Interim Resolution Professional (IRP) of M/s. Selathaar Tanning Industries Private Limited under Section 60(5)(c) of the Insolvency and Bankruptcy Code, 2016. The IRP sought the withdrawal of the Corporate Insolvency Resolution Process (CIRP) order dated 09-04-2021, initiation of action against the Operational Creditor (M/s. Amit Dye Chem) for disobedience, compensation for the IRP's time invested, and other reliefs. The Operational Creditor was non-cooperative and did not comply with the Tribunal's orders. The IRP faced difficulties in discharging duties, including making a public announcement and tracing the Corporate Debtor's records. The Corporate Debtor did not appear before the Tribunal, and the proceedings were
…M/s. Selathaar Tanning Industries Private Limited, with CIN: U9112TN2001PTC046879, was incorporated on 29.03.2001. The registered office is located in Chennai. The authorized capital is Rs. 1,00,00,000/-, and the paid-up capital is Rs. 10,01,000/-. Jamallur Razack Sakkira Banu and Jamallur Razack Abdul Hakkim are the Directors. An application was filed by the Interim Resolution Professional (IRP), M. Murugesan, due to the non-cooperation of the Operational Creditor, M/s. Amit Dye Chem. The CIRP order was dated 09-04-2021. The IRP was appointed on 12.04.2021. The IRP made several attempts to contact the Operational Creditor but received no response. The IRP could not locate the Corporate Debtor's office or records. The Operational Creditor's shop was closed for more
…M/s. Selathaar Tanning…
CIRP order was passed…