Nirmal Ujjwal Credit Co-operative Society Ltd. filed an application (IA 880/2025) against the Resolution Professional of Morarjee Textiles Limited, seeking reliefs under Section 60(5) of the Insolvency and Bankruptcy Code, 2016. The applicant sought to quash an email, reinstate them as an eligible Prospective Resolution Applicant (PRA), and direct the RP and CoC to consider their resolution plan.
Nirmal Ujjwal Credit Co-operative Society Ltd. filed IA 880/2025 seeking to be reinstated as an eligible Prospective Resolution Applicant (PRA) for Morarjee Textiles Limited.
The Resolution Professional (RP) disqualified the applicant based on Section 29A of the IBC, citing the disqualification of Mr. Pramod Manmode, a director in the Applicant Society, under Section 164(2) of the Companies Act, 2013.
Ambicio Infotech Private Limited, a company where Mr. Pramod Manmode held directorship, failed to file financial statements for three years and was struck off from the Register of Members.
The applicant's bye-laws and the Multi-State Co-operative Societies Act, 2002, were examined to determine if the applicant could invest in the Corporate Debtor.
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Nirmal Ujjwal Credit Co-operative Society Ltd. filed an application (IA 880/2025) against the Resolution Professional of Morarjee Textiles Limited, seeking reliefs under Section 60(5) of the Insolvency and Bankruptcy Code, 2016. The applicant sought to quash an email, reinstate them as an eligible Prospective Resolution Applicant (PRA), and direct the RP and CoC to consider their resolution plan.
Nirmal Ujjwal Credit Co-operative Society Ltd. filed IA 880/2025 seeking to be reinstated as an eligible Prospective Resolution Applicant (PRA) for Morarjee Textiles Limited.
The Resolution Professional (RP) disqualified the applicant based on Section 29A of the IBC, citing the disqualification of Mr. Pramod Manmode, a director in the Applicant Society, under Section 164(2) of the Companies Act, 2013.
Ambicio Infotech Private Limited, a company where Mr. Pramod Manmode held directorship, failed to file financial statements for three years and was struck off from the Register of Members.
The applicant's bye-laws and the Multi-State Co-operative Societies Act, 2002, were examined to determine if the applicant could invest in the Corporate Debtor.
…Order delive…
Applicant submi…