The case involves multiple IAs (Interlocutory Applications) filed under Section 9 of the IBC (Insolvency and Bankruptcy Code), 2016. These applications pertain to the corporate insolvency resolution process (CIRP) of Jakson Engineers Limited. The IAs address issues such as the replacement of the Interim Resolution Professional (IRP), payment of fees to the ex-IRP, and cooperation with the newly appointed Resolution Professional (RP).
Jakson Engineers Limited is undergoing a Corporate Insolvency Resolution Process (CIRP) under the IBC, 2016. Several Interlocutory Applications (IAs) were filed in connection with this CIRP. The CoC passed a resolution to replace the existing IRP, Mr. Amar Gopal Gambhir, with Mr. Rajiv Bhatnagar, with 100% voting in favor. An ex-IRP filed an IA (IA-1327/2022) seeking payment of professional fees and expenses, stating that the CoC has not made the payment despite multiple representations. The court considered these IAs and passed orders accordingly. The IA-743/2022 was filed in view of the resolution passed by the CoC replacing the IRP. The IA-1355/2022 was filed to ensure cooperation with the newly appointed RP.
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Meeting held where the CoC passed a resolution…
The order was delivered…
The case involves multiple IAs (Interlocutory Applications) filed under Section 9 of the IBC (Insolvency and Bankruptcy Code), 2016. These applications pertain to the corporate insolvency resolution process (CIRP) of Jakson Engineers Limited. The IAs address issues such as the replacement of the Interim Resolution Professional (IRP), payment of fees to the ex-IRP, and cooperation with the newly appointed Resolution Professional (RP).
Jakson Engineers Limited is undergoing a Corporate Insolvency Resolution Process (CIRP) under the IBC, 2016. Several Interlocutory Applications (IAs) were filed in connection with this CIRP. The CoC passed a resolution to replace the existing IRP, Mr. Amar Gopal Gambhir, with Mr. Rajiv Bhatnagar, with 100% voting in favor. An ex-IRP filed an IA (IA-1327/2022) seeking payment of professional fees and expenses, stating that the CoC has not made the payment despite multiple representations. The court considered these IAs and passed orders accordingly. The IA-743/2022 was filed in view of the resolution passed by the CoC replacing the IRP. The IA-1355/2022 was filed to ensure cooperation with the newly appointed RP.
Meeting held where the CoC passed a resolution…
The order was delivered…