Yes Bank, as a Financial Creditor, initiated a Company Petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 against M/S Sarga Hotel Private Limited, which was admitted on February 11, 2022. An Interim Resolution Professional (IRP) was appointed at the time of admission.
Yes Bank filed a Section 7 application under the IBC against M/S Sarga Hotel Private Limited, which was admitted on February 11, 2022.
Abhishek Bhardwaj, a suspended director of M/S Sarga Hotel Private Limited, filed IA(IB) No. 477/KB/2022 seeking a stay on the EOI issued by the RP and challenging the appointment of E & Y Restructuring LLP.
The applicant alleged that the Resolution Professional ignored directions of the Court and that there was a conflict of interest in appointing E & Y Restructuring LLP as the support service partner.
The Committee of Creditors (CoC) appointed E & Y Restructuring LLP as the advisor and provider of support services to the IRP/RP with 100% majority on March 11, 2022.
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The Adjudicating Authority admitted the Company…
The Committee of Creditors (CoC) appointed E &…
Yes Bank, as a Financial Creditor, initiated a Company Petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 against M/S Sarga Hotel Private Limited, which was admitted on February 11, 2022. An Interim Resolution Professional (IRP) was appointed at the time of admission.
Yes Bank filed a Section 7 application under the IBC against M/S Sarga Hotel Private Limited, which was admitted on February 11, 2022.
Abhishek Bhardwaj, a suspended director of M/S Sarga Hotel Private Limited, filed IA(IB) No. 477/KB/2022 seeking a stay on the EOI issued by the RP and challenging the appointment of E & Y Restructuring LLP.
The applicant alleged that the Resolution Professional ignored directions of the Court and that there was a conflict of interest in appointing E & Y Restructuring LLP as the support service partner.
The Committee of Creditors (CoC) appointed E & Y Restructuring LLP as the advisor and provider of support services to the IRP/RP with 100% majority on March 11, 2022.
…The Adjudicating Authority admitted the Company…
The Committee of Creditors (CoC) appointed E &…