The case involves applications (I.A. 3602/2022 and I.A. 461/2024) filed by M/s Rockman Advertising and Marketing (India) Ltd., a shareholder of M/s Acute Daily Media Pvt. Ltd., against the Corporate Debtor, M/s Sharp Eye Advertising Pvt. Ltd. The applications seek recall of an order dated 17.05.2022, which initiated the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. The applicant alleges that the CIRP was initiated fraudulently and with malicious intent by Acute Daily Media Pvt. Ltd. and other financial creditors. The applicant contends that the alleged financial debts were fabricated and that the Section 7 application was filed to defeat an oppression and mismanagement case filed by the applicant against the corporate debtor. The
…M/s Rockman Advertising and Marketing (India) Ltd., a shareholder of M/s Sharp Eye Advertising Pvt. Ltd. (Corporate Debtor), filed applications (I.A. 3602/2022 and I.A. 461/2024) seeking recall of the order dated 17.05.2022 initiating CIRP against the Corporate Debtor. The applicant alleged that the CIRP was initiated fraudulently and with malicious intent by M/s Acute Daily Media Pvt. Ltd. and other financial creditors. The applicant contended that the alleged financial debts were fabricated and that the Section 7 application was filed to defeat an oppression and mismanagement case filed by the applicant against the corporate debtor in 2013 (CP No. 143(ND)/2013). The applicant claimed that the promoters of M/s Sharp Eye Advertising Pvt. Ltd. decreased the shareholding
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Applicant/Shareholder filed an Oppression…
Acute Daily Media Pvt. Ltd. and other…
The case involves applications (I.A. 3602/2022 and I.A. 461/2024) filed by M/s Rockman Advertising and Marketing (India) Ltd., a shareholder of M/s Acute Daily Media Pvt. Ltd., against the Corporate Debtor, M/s Sharp Eye Advertising Pvt. Ltd. The applications seek recall of an order dated 17.05.2022, which initiated the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. The applicant alleges that the CIRP was initiated fraudulently and with malicious intent by Acute Daily Media Pvt. Ltd. and other financial creditors. The applicant contends that the alleged financial debts were fabricated and that the Section 7 application was filed to defeat an oppression and mismanagement case filed by the applicant against the corporate debtor. The
…M/s Rockman Advertising and Marketing (India) Ltd., a shareholder of M/s Sharp Eye Advertising Pvt. Ltd. (Corporate Debtor), filed applications (I.A. 3602/2022 and I.A. 461/2024) seeking recall of the order dated 17.05.2022 initiating CIRP against the Corporate Debtor. The applicant alleged that the CIRP was initiated fraudulently and with malicious intent by M/s Acute Daily Media Pvt. Ltd. and other financial creditors. The applicant contended that the alleged financial debts were fabricated and that the Section 7 application was filed to defeat an oppression and mismanagement case filed by the applicant against the corporate debtor in 2013 (CP No. 143(ND)/2013). The applicant claimed that the promoters of M/s Sharp Eye Advertising Pvt. Ltd. decreased the shareholding
…Applicant/Shareholder filed an Oppression…
Acute Daily Media Pvt. Ltd. and other…