The case involves an application (IA(IBC) No. 152/JPR/2023) filed by Mr. Neeraj Rathore, the erstwhile director of Modern Syntex (India) Limited ('Corporate Debtor'), under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the National Company Law Tribunal Rules, 2016, against the Resolution Professional ('RP') of the Corporate Debtor.
The main application bearing CP No. 39(PB)/2018 was filed jointly by the Financial Creditor and its sister concern, M/s UTI Trust Private Limited, under Section 7 of the Code seeking initiation of CIRP against the Corporate Debtor.
The CIRP against the Corporate Debtor was initiated vide order dated 28.03.2022.
Mr. Partha S. Sarkar was appointed as the Interim Resolution Professional and later confirmed as the RP in the meeting of the Committee of Creditors ('CoC').
The Applicant submits that the RP has not verified the claim of the Respondent No. 2 from the books of accounts of the Corporate Debtor.
The Respondent No. 2 filed its claim amounting to Rs. 4874,97,58,908/- as one of the Secured Financial Creditors of the Corporate Debtor.
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Main application filed jointly by the…
CIRP was ini…
The case involves an application (IA(IBC) No. 152/JPR/2023) filed by Mr. Neeraj Rathore, the erstwhile director of Modern Syntex (India) Limited ('Corporate Debtor'), under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the National Company Law Tribunal Rules, 2016, against the Resolution Professional ('RP') of the Corporate Debtor.
The main application bearing CP No. 39(PB)/2018 was filed jointly by the Financial Creditor and its sister concern, M/s UTI Trust Private Limited, under Section 7 of the Code seeking initiation of CIRP against the Corporate Debtor.
The CIRP against the Corporate Debtor was initiated vide order dated 28.03.2022.
Mr. Partha S. Sarkar was appointed as the Interim Resolution Professional and later confirmed as the RP in the meeting of the Committee of Creditors ('CoC').
The Applicant submits that the RP has not verified the claim of the Respondent No. 2 from the books of accounts of the Corporate Debtor.
The Respondent No. 2 filed its claim amounting to Rs. 4874,97,58,908/- as one of the Secured Financial Creditors of the Corporate Debtor.
…Main application filed jointly by the…
CIRP was ini…