The case involves an application filed by the Liquidator of Sneh Sadan Traders and Agents Limited against the National Stock Exchange of India Limited (NSE) and the Bombay Stock Exchange Limited (BSE). The Liquidator sought the revocation of the suspension placed on the Demat accounts of the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated against Sneh Sadan Traders and Agents Limited, and the applicant was appointed as the Interim Resolution Professional (IRP) and subsequently as the Resolution Professional (RP). Later, the Committee of Creditors approved the liquidation of the Corporate Debtor, and the applicant was appointed as Liquidator. The Liquidator discovered that the Demat accounts of the Corporate Debtor were suspended due
…Rattan India Finance Private Limited initiated Corporate Insolvency Resolution Process (CIRP) against Sneh Sadan Traders and Agents Limited (“Corporate Debtor”) under Section 7 of the IBC, which was admitted on 22.10.2019. The applicant was appointed as Interim Resolution Professional (IRP) and later as Resolution Professional (RP). The Committee of Creditors approved the liquidation of the Corporate Debtor, which was allowed by the Tribunal on 05.07.2021, and the applicant was appointed as Liquidator. The Liquidator found that the Corporate Debtor had Demat accounts with IIFL Securities Ltd. and Yes Bank Ltd., which were suspended. The suspension was due to non-compliance with SEBI regulations by promoters/promoter groups, including Cox and Kings Financial Service
…Sign in to view the parties.
Corporate Insolvency Resolution Process (CIRP)…
Moratorium imposed…
The case involves an application filed by the Liquidator of Sneh Sadan Traders and Agents Limited against the National Stock Exchange of India Limited (NSE) and the Bombay Stock Exchange Limited (BSE). The Liquidator sought the revocation of the suspension placed on the Demat accounts of the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated against Sneh Sadan Traders and Agents Limited, and the applicant was appointed as the Interim Resolution Professional (IRP) and subsequently as the Resolution Professional (RP). Later, the Committee of Creditors approved the liquidation of the Corporate Debtor, and the applicant was appointed as Liquidator. The Liquidator discovered that the Demat accounts of the Corporate Debtor were suspended due
…Rattan India Finance Private Limited initiated Corporate Insolvency Resolution Process (CIRP) against Sneh Sadan Traders and Agents Limited (“Corporate Debtor”) under Section 7 of the IBC, which was admitted on 22.10.2019. The applicant was appointed as Interim Resolution Professional (IRP) and later as Resolution Professional (RP). The Committee of Creditors approved the liquidation of the Corporate Debtor, which was allowed by the Tribunal on 05.07.2021, and the applicant was appointed as Liquidator. The Liquidator found that the Corporate Debtor had Demat accounts with IIFL Securities Ltd. and Yes Bank Ltd., which were suspended. The suspension was due to non-compliance with SEBI regulations by promoters/promoter groups, including Cox and Kings Financial Service
…Corporate Insolvency Resolution Process (CIRP)…
Moratorium imposed…