The case involves an interlocutory application filed by the petitioner challenging the decision of Respondent No. 1 (Resolution Professional) to admit the revised claim of Respondent No. 2. The Corporate Debtor, Incab Industries Limited, was admitted into CIRP on 7th August 2019, and subsequently ordered for liquidation on 7th February 2020. The liquidation order was challenged and the CIRP process was reinstated by NCLAT on 4th June 2021, leading to the appointment of Mr. Pankaj Kumar Tibrewal as the IRP/RP.
Incab Industries Limited was admitted into CIRP on 7th August 2019 and later ordered for liquidation on 7th February 2020.
The liquidation order was challenged, and CIRP was reinstated by NCLAT on 4th June 2021.
Mr. Pankaj Kumar Tibrewal was appointed as the IRP/RP of the Corporate Debtor on 16th June 2021.
Pegasus Assets Reconstruction Private Limited (Respondent No. 2) filed a claim with the Resolution Professional, which was admitted.
The applicant (Jayanta Banerjee) filed an application to quash the decision of the Resolution Professional to admit the claim of Respondent No. 2.
The claim of Respondent No. 2 is based on a deed of assignment dated 8th March 2007 from Leader Universal Holdings Berhad.
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Incab Industries…
The Corporate Debtor…
The case involves an interlocutory application filed by the petitioner challenging the decision of Respondent No. 1 (Resolution Professional) to admit the revised claim of Respondent No. 2. The Corporate Debtor, Incab Industries Limited, was admitted into CIRP on 7th August 2019, and subsequently ordered for liquidation on 7th February 2020. The liquidation order was challenged and the CIRP process was reinstated by NCLAT on 4th June 2021, leading to the appointment of Mr. Pankaj Kumar Tibrewal as the IRP/RP.
Incab Industries Limited was admitted into CIRP on 7th August 2019 and later ordered for liquidation on 7th February 2020.
The liquidation order was challenged, and CIRP was reinstated by NCLAT on 4th June 2021.
Mr. Pankaj Kumar Tibrewal was appointed as the IRP/RP of the Corporate Debtor on 16th June 2021.
Pegasus Assets Reconstruction Private Limited (Respondent No. 2) filed a claim with the Resolution Professional, which was admitted.
The applicant (Jayanta Banerjee) filed an application to quash the decision of the Resolution Professional to admit the claim of Respondent No. 2.
The claim of Respondent No. 2 is based on a deed of assignment dated 8th March 2007 from Leader Universal Holdings Berhad.
…Incab Industries…
The Corporate Debtor…