The case involves an application (IA(IBC)/144/2022) filed in connection with CP(IB)No.39/7/AMR/2021. The NCLAT has granted a stay on the order of the Tribunal regarding the continuation of the CIRP.
The State Bank of India initiated a Corporate Insolvency Resolution Process (CIRP) against Vantage Spinners Private Limited under CP(IB)No.39/7/AMR/2021. An application, IA(IBC)/144/2022, was filed in connection with this CIRP. The Financial Creditor's claim was not admitted by the Resolution Professional (RP). The NCLAT issued a stay order on the Tribunal's order regarding the continuation of the CIRP, dated 27.03.2022. This stay order is a crucial fact, as it directly impacts the Tribunal's ability to proceed with the application.
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CP(IB)No.39/7/…
NCLAT granted a stay of the order of the…
The case involves an application (IA(IBC)/144/2022) filed in connection with CP(IB)No.39/7/AMR/2021. The NCLAT has granted a stay on the order of the Tribunal regarding the continuation of the CIRP.
The State Bank of India initiated a Corporate Insolvency Resolution Process (CIRP) against Vantage Spinners Private Limited under CP(IB)No.39/7/AMR/2021. An application, IA(IBC)/144/2022, was filed in connection with this CIRP. The Financial Creditor's claim was not admitted by the Resolution Professional (RP). The NCLAT issued a stay order on the Tribunal's order regarding the continuation of the CIRP, dated 27.03.2022. This stay order is a crucial fact, as it directly impacts the Tribunal's ability to proceed with the application.
CP(IB)No.39/7/…
NCLAT granted a stay of the order of the…