The application (IA-1816/2023) was filed seeking exclusion of a 394-day period from the Corporate Insolvency Resolution Process (CIRP) on the grounds that the Interim Resolution Professional (IRP) could not properly discharge duties and the Resolution Professional's (RP) appointment was confirmed late.
M/s. Jakson Engineers Limited filed an application, IA-1816/2023 , seeking to exclude a period of 394 days, from December 13, 2021, to January 10, 2023, from the prescribed period of CIRP . The primary reason cited by the counsel for the Resolution Professional (RP) was that the Interim Resolution Professional (IRP) was unable to discharge duties effectively, and the confirmation of the RP's appointment by the Committee of Creditors (CoC) was delayed until January 10, 2023. This delay was presented as the sole justification for the requested exclusion.
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The beginning of the…
Order issued concerning IA-743/ND/2022 for IRP…
The application (IA-1816/2023) was filed seeking exclusion of a 394-day period from the Corporate Insolvency Resolution Process (CIRP) on the grounds that the Interim Resolution Professional (IRP) could not properly discharge duties and the Resolution Professional's (RP) appointment was confirmed late.
M/s. Jakson Engineers Limited filed an application, IA-1816/2023 , seeking to exclude a period of 394 days, from December 13, 2021, to January 10, 2023, from the prescribed period of CIRP . The primary reason cited by the counsel for the Resolution Professional (RP) was that the Interim Resolution Professional (IRP) was unable to discharge duties effectively, and the confirmation of the RP's appointment by the Committee of Creditors (CoC) was delayed until January 10, 2023. This delay was presented as the sole justification for the requested exclusion.
The beginning of the…
Order issued concerning IA-743/ND/2022 for IRP…