The Interlocutory Application was filed under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking a direction for the Respondents to pay a fixed monthly remuneration of INR 2,50,000 to the Applicant/Liquidator.
The Applicant is the Liquidator of JAS Infrastructure & Power Limited.
The Corporate Insolvency Resolution Process (CIRP) of the Corporate Debtor commenced by an order dated 16.10.2019 passed by the Hon'ble Tribunal at Kolkata.
The Committee of Creditors (CoC) had chosen one Mr. Sajjan Kumar Dokania to act as the Liquidator, but the Hon'ble Tribunal appointed the Applicant as the Liquidator on 17.07.2020.
The Hon'ble NCLAT, vide interim order dated 10.09.2020 in Company Appeal (AT) (Ins) No. 770 of 2020 filed by the erstwhile promoter of the Corporate Debtor, restrained sale of assets. The said appeal was dismissed on 11.10.2022, vacating the restraint
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Corporate Insolvency Resolution Process (CIRP)…
The same Bench directed the commencement of…
The Interlocutory Application was filed under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking a direction for the Respondents to pay a fixed monthly remuneration of INR 2,50,000 to the Applicant/Liquidator.
The Applicant is the Liquidator of JAS Infrastructure & Power Limited.
The Corporate Insolvency Resolution Process (CIRP) of the Corporate Debtor commenced by an order dated 16.10.2019 passed by the Hon'ble Tribunal at Kolkata.
The Committee of Creditors (CoC) had chosen one Mr. Sajjan Kumar Dokania to act as the Liquidator, but the Hon'ble Tribunal appointed the Applicant as the Liquidator on 17.07.2020.
The Hon'ble NCLAT, vide interim order dated 10.09.2020 in Company Appeal (AT) (Ins) No. 770 of 2020 filed by the erstwhile promoter of the Corporate Debtor, restrained sale of assets. The said appeal was dismissed on 11.10.2022, vacating the restraint
…Corporate Insolvency Resolution Process (CIRP)…
The same Bench directed the commencement of…