The document pertains to multiple applications (IA 222/2020, IA 507/2021, IA 449/2021, and IA 99/2021) filed before the National Company Law Tribunal (NCLT), Ahmedabad. IA 222/2020 and IA 507/2021 were filed by M/s Chamaria Fashions Pvt. Ltd. seeking directions against Canara Bank. IA 449/2021 was filed under Section 33 of the IBC, 2016 for the liquidation of the Corporate Debtor by Canara Bank. IA 99/2021 was filed by the erstwhile Resolution Professional (RP) seeking direction against the Successful Resolution Applicant regarding litigation expenses.
Reliance Commercial Finance Ltd filed an application against V S Texmills Pvt Ltd. M/s Chamaria Fashions Pvt. Ltd. filed applications seeking direction against Canara Bank. Canara Bank, a major stakeholder, filed an application for the liquidation of the Corporate Debtor under Section 33 of the IBC, 2016. The erstwhile RP filed an application seeking direction against the Successful Resolution Applicant for the reimbursement of litigation expenses. Canara Bank submitted a No Dues Certificate, leading to the applicant seeking withdrawal of the applications. The Successful Resolution Applicant objected to the amount claimed by the RP for litigation expenses, stating it was exorbitant (Rs. 3 Lakhs). The relevance of these facts lies in the procedural aspects of the IBC,
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Application filed by M/s Chamaria Fashions…
Application filed by M/s Chamaria Fashions…
The document pertains to multiple applications (IA 222/2020, IA 507/2021, IA 449/2021, and IA 99/2021) filed before the National Company Law Tribunal (NCLT), Ahmedabad. IA 222/2020 and IA 507/2021 were filed by M/s Chamaria Fashions Pvt. Ltd. seeking directions against Canara Bank. IA 449/2021 was filed under Section 33 of the IBC, 2016 for the liquidation of the Corporate Debtor by Canara Bank. IA 99/2021 was filed by the erstwhile Resolution Professional (RP) seeking direction against the Successful Resolution Applicant regarding litigation expenses.
Reliance Commercial Finance Ltd filed an application against V S Texmills Pvt Ltd. M/s Chamaria Fashions Pvt. Ltd. filed applications seeking direction against Canara Bank. Canara Bank, a major stakeholder, filed an application for the liquidation of the Corporate Debtor under Section 33 of the IBC, 2016. The erstwhile RP filed an application seeking direction against the Successful Resolution Applicant for the reimbursement of litigation expenses. Canara Bank submitted a No Dues Certificate, leading to the applicant seeking withdrawal of the applications. The Successful Resolution Applicant objected to the amount claimed by the RP for litigation expenses, stating it was exorbitant (Rs. 3 Lakhs). The relevance of these facts lies in the procedural aspects of the IBC,
…Application filed by M/s Chamaria Fashions…
Application filed by M/s Chamaria Fashions…