The case involves an application filed by Feedback Highway OMT Private Limited (formerly known as Feedback Brisa Highway OMT Private Limited) under Rule 11 of the Insolvency and Bankruptcy Code, 2016, against Supreme Infrastructure BOT Private Limited. The applicant sought the appointment of an Interim Resolution Professional (IRP) after an admission order was passed on January 10, 2018, instructing that an IRP would be appointed via a separate order. However, the IRP was never appointed. The applicant then filed another application under Section 9 of the Code, but it was disposed of as infructuous because an admission order had already been passed.
Feedback Highway OMT Private Limited (formerly Feedback Brisa Highway OMT Private Limited) filed an application against Supreme Infrastructure BOT Private Limited under the Insolvency and Bankruptcy Code, 2016. An admission order was purportedly passed on January 10, 2018, initiating CIRP against Supreme Infrastructure BOT Private Limited, but an Interim Resolution Professional (IRP) was not appointed. The applicant then filed another application, which was disposed of as infructuous. The respondent contended that the admission order was never pronounced in open court, rendering it invalid. The applicant argued for the appointment of an IRP based on the existing admission order. A certified copy of the admission order was obtained by the parties. The key fact is the
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Corporate Insolvency Resolution Process (CIRP)…
Admission order passed, initiating CIRP against…
The case involves an application filed by Feedback Highway OMT Private Limited (formerly known as Feedback Brisa Highway OMT Private Limited) under Rule 11 of the Insolvency and Bankruptcy Code, 2016, against Supreme Infrastructure BOT Private Limited. The applicant sought the appointment of an Interim Resolution Professional (IRP) after an admission order was passed on January 10, 2018, instructing that an IRP would be appointed via a separate order. However, the IRP was never appointed. The applicant then filed another application under Section 9 of the Code, but it was disposed of as infructuous because an admission order had already been passed.
Feedback Highway OMT Private Limited (formerly Feedback Brisa Highway OMT Private Limited) filed an application against Supreme Infrastructure BOT Private Limited under the Insolvency and Bankruptcy Code, 2016. An admission order was purportedly passed on January 10, 2018, initiating CIRP against Supreme Infrastructure BOT Private Limited, but an Interim Resolution Professional (IRP) was not appointed. The applicant then filed another application, which was disposed of as infructuous. The respondent contended that the admission order was never pronounced in open court, rendering it invalid. The applicant argued for the appointment of an IRP based on the existing admission order. A certified copy of the admission order was obtained by the parties. The key fact is the
…Corporate Insolvency Resolution Process (CIRP)…
Admission order passed, initiating CIRP against…