The case involves multiple IAs (Interlocutory Applications) filed after the approval of a plan. The applicants have grievances that should have been raised before the SRA (State Rehabilitation Authority). The SRA's counsel states that the applicants have not effectively placed the matter before the SRA for a potential solution.
Daimler Financial Services Pvt. Ltd. filed a case against Value Infracon India Pvt. Ltd. under Section 7 of the Insolvency & Bankruptcy Code, 2016 (CIRP). Several IAs (IA-6199/2023, IA-6529/2023, IA-6616/2023, IA-6620/2023, IA-6633/2023, IA-481/2024, IA-3578/2023, IA-4417/2023, IA-4422/2023, IA-4423/2023, IA-4424/2023, IA-4454/2023, IA-4455/2023, IA-4456/2023, IA-3989/2023, IA-3883/2023, IA-3884/2023, IA-5199/2023, IA-6132/2023, IA-5250/2023, IA-5251/2023, IA-6609/2023, IA-4795/2023, IA-4796/2023) were filed post-approval of the plan. The applicants in these IAs had grievances that should have been raised before the SRA. The SRA's counsel stated that the applicants did not effectively present their issues to the SRA. IA-4795/2023 and IA-4796/2023 were dismissed for
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The IAs were…
Order delivered on 08.04.2024, disposing of the…
The case involves multiple IAs (Interlocutory Applications) filed after the approval of a plan. The applicants have grievances that should have been raised before the SRA (State Rehabilitation Authority). The SRA's counsel states that the applicants have not effectively placed the matter before the SRA for a potential solution.
Daimler Financial Services Pvt. Ltd. filed a case against Value Infracon India Pvt. Ltd. under Section 7 of the Insolvency & Bankruptcy Code, 2016 (CIRP). Several IAs (IA-6199/2023, IA-6529/2023, IA-6616/2023, IA-6620/2023, IA-6633/2023, IA-481/2024, IA-3578/2023, IA-4417/2023, IA-4422/2023, IA-4423/2023, IA-4424/2023, IA-4454/2023, IA-4455/2023, IA-4456/2023, IA-3989/2023, IA-3883/2023, IA-3884/2023, IA-5199/2023, IA-6132/2023, IA-5250/2023, IA-5251/2023, IA-6609/2023, IA-4795/2023, IA-4796/2023) were filed post-approval of the plan. The applicants in these IAs had grievances that should have been raised before the SRA. The SRA's counsel stated that the applicants did not effectively present their issues to the SRA. IA-4795/2023 and IA-4796/2023 were dismissed for
…The IAs were…
Order delivered on 08.04.2024, disposing of the…