The Resolution Professional (RP) filed an application (I.A. (IB) No. 208/KB/2021) in C.P.(IB) No. 204/KB/2019, related to the Corporate Insolvency Resolution Process (CIRP) of Multiple Hotels Private Limited. The CIRP commenced on October 4, 2019, and the Interim Resolution Professional (IRP) was confirmed as RP in the first Committee of Creditors (CoC) meeting on January 9, 2020. The RP appointed a Transaction Auditor to investigate the corporate debtor's transactions.
CIRP commenced vide order dated 4th October, 2019.
IRP appointed in this matter was confirmed as RP in the first meeting of the CoC on 9th January, 2020.
The applicant appointed a Transaction Auditor to carry out investigation into the transactions of the Corporate Debtor.
The Transaction Auditor's report indicated that several transactions were carried out in favor of related parties within three years before the CIRP commencement.
The applicant sought directions upon respondent no.3 to 6 to jointly and severally contribute and pay a sum of Rs.80,50,000/- in term of section 44.
The applicant sought directions upon respondent no.2 and 12 to 14 be directed jointly and severally to contribute a sum of Rs. 5,69,773/- in terms of section 44 of the Code.
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CIRP commenced vide…
IRP appointed in this matter was confirmed as…
The Resolution Professional (RP) filed an application (I.A. (IB) No. 208/KB/2021) in C.P.(IB) No. 204/KB/2019, related to the Corporate Insolvency Resolution Process (CIRP) of Multiple Hotels Private Limited. The CIRP commenced on October 4, 2019, and the Interim Resolution Professional (IRP) was confirmed as RP in the first Committee of Creditors (CoC) meeting on January 9, 2020. The RP appointed a Transaction Auditor to investigate the corporate debtor's transactions.
CIRP commenced vide order dated 4th October, 2019.
IRP appointed in this matter was confirmed as RP in the first meeting of the CoC on 9th January, 2020.
The applicant appointed a Transaction Auditor to carry out investigation into the transactions of the Corporate Debtor.
The Transaction Auditor's report indicated that several transactions were carried out in favor of related parties within three years before the CIRP commencement.
The applicant sought directions upon respondent no.3 to 6 to jointly and severally contribute and pay a sum of Rs.80,50,000/- in term of section 44.
The applicant sought directions upon respondent no.2 and 12 to 14 be directed jointly and severally to contribute a sum of Rs. 5,69,773/- in terms of section 44 of the Code.
CIRP commenced vide…
IRP appointed in this matter was confirmed as…