The case involves an application (IA No. 2390 of 2023) filed by Shree Siddhivinayak Cotspin Private Limited in connection with CP(IB) 518 (IB)2020 under Section 60(5) of the Insolvency and Bankruptcy Code, 2016. The applicant sought to direct the respondents to permit the submission of an Expression of Interest (EoI) for Sristi Hospitality Private Limited, the Corporate Debtor, and to consider the EoI despite a delay. The Corporate Debtor, Sristi Hospitality Private Limited, was incorporated on 08.08.2023. Saraswat Co-operative Bank Limited (Respondent no. 2) had initiated Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor under Section 7 of the IBC, which was admitted on 27.02.2023, and Respondent no. 1 was appointed as the Interim Resolution
…Sristi Hospitality Private Limited is the Corporate Debtor, incorporated on 08.08.2023. Saraswat Co-operative Bank Limited (Respondent no. 2) initiated CIRP against the Corporate Debtor under Section 7 of the IBC, which was admitted on 27.02.2023. Respondent no. 1 was appointed as the IRP. The IRP issued a Form-G invitation for EoI with a deadline of 31.05.2023. Shree Siddhivinayak Cotspin Private Limited (the Applicant) sought to submit an EoI but missed the deadline, citing a director being out of station. The applicant sent an email on 01.06.2023 requesting permission to submit the EoI and another letter on 02.06.2023 requesting condonation of the delay. The applicant claimed a delay of 2-5 days. The RP rejected the request, stating the CoC had decided not to extend
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Sristi Hospi…
Saraswat Co-operative Bank Limited filed…
The case involves an application (IA No. 2390 of 2023) filed by Shree Siddhivinayak Cotspin Private Limited in connection with CP(IB) 518 (IB)2020 under Section 60(5) of the Insolvency and Bankruptcy Code, 2016. The applicant sought to direct the respondents to permit the submission of an Expression of Interest (EoI) for Sristi Hospitality Private Limited, the Corporate Debtor, and to consider the EoI despite a delay. The Corporate Debtor, Sristi Hospitality Private Limited, was incorporated on 08.08.2023. Saraswat Co-operative Bank Limited (Respondent no. 2) had initiated Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor under Section 7 of the IBC, which was admitted on 27.02.2023, and Respondent no. 1 was appointed as the Interim Resolution
…Sristi Hospitality Private Limited is the Corporate Debtor, incorporated on 08.08.2023. Saraswat Co-operative Bank Limited (Respondent no. 2) initiated CIRP against the Corporate Debtor under Section 7 of the IBC, which was admitted on 27.02.2023. Respondent no. 1 was appointed as the IRP. The IRP issued a Form-G invitation for EoI with a deadline of 31.05.2023. Shree Siddhivinayak Cotspin Private Limited (the Applicant) sought to submit an EoI but missed the deadline, citing a director being out of station. The applicant sent an email on 01.06.2023 requesting permission to submit the EoI and another letter on 02.06.2023 requesting condonation of the delay. The applicant claimed a delay of 2-5 days. The RP rejected the request, stating the CoC had decided not to extend
…Sristi Hospi…
Saraswat Co-operative Bank Limited filed…