The document pertains to several Interlocutory Applications (I.A.) filed in a case under the Insolvency and Bankruptcy Code, 2016 (IBC) before the National Company Law Tribunal (NCLT), Bengaluru Bench. The applications involve matters such as replacing the Resolution Professional (RP) for the Corporate Debtor, Steel Hypermart India Private Limited. The Disciplinary Committee of Insolvency Bankruptcy Board of India (IBBI) passed an order, and the Committee of Creditors (CoC) considered it, leading to the replacement of the existing RP with Shri Ravindra Beleyur. Other I.A.s concern filing objections and seeking relief related to the RP's role.
The case involves Steel Hypermart India Private Limited, undergoing insolvency proceedings before the NCLT Bengaluru Bench. Several I.A.s are being considered, including I.A No. 187/2024, which seeks to relieve the existing RP, Shri Ramanahalli Shivanna Doddabyregowda, and appoint Shri Ravindra Beleyur as the new RP. The IBBI's Disciplinary Committee issued an order that was considered by the CoC. The CoC, with 100% voting, resolved to replace the existing RP. Shri Ravindra Beleyur provided written consent to be appointed as the new RP. The Respondent Counsel requested an opportunity to file objections in I.A. No. 317/2024, but the right to file objections was forfeited on 2024-03-01. The NCLT granted one last opportunity to file objections, subject to the payment of
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The Disciplinary Committee of the Insolvency…
The 8th meeting of the Committee of Creditors…
The document pertains to several Interlocutory Applications (I.A.) filed in a case under the Insolvency and Bankruptcy Code, 2016 (IBC) before the National Company Law Tribunal (NCLT), Bengaluru Bench. The applications involve matters such as replacing the Resolution Professional (RP) for the Corporate Debtor, Steel Hypermart India Private Limited. The Disciplinary Committee of Insolvency Bankruptcy Board of India (IBBI) passed an order, and the Committee of Creditors (CoC) considered it, leading to the replacement of the existing RP with Shri Ravindra Beleyur. Other I.A.s concern filing objections and seeking relief related to the RP's role.
The case involves Steel Hypermart India Private Limited, undergoing insolvency proceedings before the NCLT Bengaluru Bench. Several I.A.s are being considered, including I.A No. 187/2024, which seeks to relieve the existing RP, Shri Ramanahalli Shivanna Doddabyregowda, and appoint Shri Ravindra Beleyur as the new RP. The IBBI's Disciplinary Committee issued an order that was considered by the CoC. The CoC, with 100% voting, resolved to replace the existing RP. Shri Ravindra Beleyur provided written consent to be appointed as the new RP. The Respondent Counsel requested an opportunity to file objections in I.A. No. 317/2024, but the right to file objections was forfeited on 2024-03-01. The NCLT granted one last opportunity to file objections, subject to the payment of
…The Disciplinary Committee of the Insolvency…
The 8th meeting of the Committee of Creditors…