The case pertains to an application filed under section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Regulation 33 of the IBBI (Insolvency Resolution Process For Corporate Persons) Regulations, 2016. The Interim Resolution Professional (IRP) filed the application against the respondent/operational creditor, Kamar Infrastructure Pvt. Ltd., seeking directions for compliance with an order dated 18/02/2020, which required the respondent to deposit Rs.50,000/- as advance fees. The initial order was passed in CP(IB)/1304(KB)2019.
Sensetive Infra Private Limited was undergoing Corporate Insolvency Resolution Process (CIRP). Kamar Infrastructure Private Limited was the operational creditor. An order was passed on 18/02/2020 in CP(IB)/1304(KB)2019, directing Kamar Infrastructure Pvt. Ltd. to deposit Rs.50,000/- as advance fees to the Interim Resolution Professional (IRP), Nitesh Kumar More. Despite several emails, Kamar Infrastructure Pvt. Ltd. did not deposit the amount. The IRP then filed IA No.490/KB/2021 seeking directions for compliance. After the IA was filed, Kamar Infrastructure Pvt. Ltd. deposited the Rs.50,000/-. A public announcement was made on 25/02/2020. The Adjudicating Authority granted an exclusion of 373 days from the CIRP period, which ended on 23/08/2021. The IRP claimed total
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Order passed in CP(IB)/1304(KB)2019 directing…
Public announcement…
The case pertains to an application filed under section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Regulation 33 of the IBBI (Insolvency Resolution Process For Corporate Persons) Regulations, 2016. The Interim Resolution Professional (IRP) filed the application against the respondent/operational creditor, Kamar Infrastructure Pvt. Ltd., seeking directions for compliance with an order dated 18/02/2020, which required the respondent to deposit Rs.50,000/- as advance fees. The initial order was passed in CP(IB)/1304(KB)2019.
Sensetive Infra Private Limited was undergoing Corporate Insolvency Resolution Process (CIRP). Kamar Infrastructure Private Limited was the operational creditor. An order was passed on 18/02/2020 in CP(IB)/1304(KB)2019, directing Kamar Infrastructure Pvt. Ltd. to deposit Rs.50,000/- as advance fees to the Interim Resolution Professional (IRP), Nitesh Kumar More. Despite several emails, Kamar Infrastructure Pvt. Ltd. did not deposit the amount. The IRP then filed IA No.490/KB/2021 seeking directions for compliance. After the IA was filed, Kamar Infrastructure Pvt. Ltd. deposited the Rs.50,000/-. A public announcement was made on 25/02/2020. The Adjudicating Authority granted an exclusion of 373 days from the CIRP period, which ended on 23/08/2021. The IRP claimed total
…Order passed in CP(IB)/1304(KB)2019 directing…
Public announcement…