The case involves multiple Interlocutory Applications (IAs) filed in connection with a Corporate Insolvency Resolution Process (CIRP) initiated against Bombay Rayon Fashions Limited. These IAs pertain to seeking directions for the completion of a sale transaction of the Corporate Debtor's property, amendment of prayers in previous IAs, and related matters.
IA-545/2023 was filed by the Resolution Professional seeking direction to Mr. M. Neelakanta Naidu to file an appropriate interlocutory application in original suit no. 295/2020.
IA-1702/2023 was filed by Mr. M. Neelakanta Naidu seeking directions to M/s Bombay Rayon Fashions Limited and JM Financial Assets Reconstruction Company Limited to complete the sale of land admeasuring 20,392 sq. meters.
IA-1717/2023 was filed by the Resolution Professional seeking permission to amend the prayer in para 13(b) of the applicant's Interlocutory application no. 1545 of 2023 to allow sale of property.
In 2011, the Corporate Debtor created a mortgage in favour of Allahabad Bank to obtain credit facilities.
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The Corporate Debtor…
Allahabad Bank assigned…
The case involves multiple Interlocutory Applications (IAs) filed in connection with a Corporate Insolvency Resolution Process (CIRP) initiated against Bombay Rayon Fashions Limited. These IAs pertain to seeking directions for the completion of a sale transaction of the Corporate Debtor's property, amendment of prayers in previous IAs, and related matters.
IA-545/2023 was filed by the Resolution Professional seeking direction to Mr. M. Neelakanta Naidu to file an appropriate interlocutory application in original suit no. 295/2020.
IA-1702/2023 was filed by Mr. M. Neelakanta Naidu seeking directions to M/s Bombay Rayon Fashions Limited and JM Financial Assets Reconstruction Company Limited to complete the sale of land admeasuring 20,392 sq. meters.
IA-1717/2023 was filed by the Resolution Professional seeking permission to amend the prayer in para 13(b) of the applicant's Interlocutory application no. 1545 of 2023 to allow sale of property.
In 2011, the Corporate Debtor created a mortgage in favour of Allahabad Bank to obtain credit facilities.
…The Corporate Debtor…
Allahabad Bank assigned…