The case involves multiple IAs (Interlocutory Applications) filed under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. These applications relate to the Corporate Insolvency Resolution Process (CIRP) of Jakson Engineers Limited. The CoC passed a resolution to replace the IRP, Amar Gopal Gambhir, with Rajiv Bhatnagar. One IA sought payment of fees to the ex-IRP.
Jakson Engineers Limited is undergoing CIRP under Section 9 of IBC, 2016. Amar Gopal Gambhir was initially appointed as the IRP. The CoC passed a resolution to replace Amar Gopal Gambhir with Rajiv Bhatnagar, supported by 100% voting. The ex-IRP filed an IA (IA-1327/2022) seeking payment of his professional fees and expenses, claiming he represented several times to the CoC but payment was not made. The court considered several IAs related to the CIRP process, including the appointment of the new RP and the cooperation required from the respondents.
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The case involves multiple IAs (Interlocutory Applications) filed under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. These applications relate to the Corporate Insolvency Resolution Process (CIRP) of Jakson Engineers Limited. The CoC passed a resolution to replace the IRP, Amar Gopal Gambhir, with Rajiv Bhatnagar. One IA sought payment of fees to the ex-IRP.
Jakson Engineers Limited is undergoing CIRP under Section 9 of IBC, 2016. Amar Gopal Gambhir was initially appointed as the IRP. The CoC passed a resolution to replace Amar Gopal Gambhir with Rajiv Bhatnagar, supported by 100% voting. The ex-IRP filed an IA (IA-1327/2022) seeking payment of his professional fees and expenses, claiming he represented several times to the CoC but payment was not made. The court considered several IAs related to the CIRP process, including the appointment of the new RP and the cooperation required from the respondents.
Meeting held where the CoC passed a resolution…
Order delivered by the…
Sign in to view related legal provisions.