An application was filed by Debi Prasanna Sarangi, Interim Resolution Professional (IRP) of Jord Engineers India Limited, under Section 60(5) of the IBC, 2016, seeking to exclude a period of 3291 days from the Corporate Insolvency Resolution Process (CIRP) and to re-initiate CIRP, confirming his appointment as IRP. The original CIRP application was filed by Valia & Company (Operational Creditor) against Jord Engineers India Ltd for a default in payment for goods supplied, amounting to Rs.4,72,28,431/- plus interest.
Debi Prasanna Sarangi, Interim Resolution Professional (IRP) of Jord Engineers India Limited, filed an application under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the NCLT Rules, 2016.
The application seeks to exclude a period of 3291 days from the CIRP period of the Corporate Debtor, specifically from July 31, 2017, to August 04, 2026.
The application also seeks to re-initiate the CIRP of the Corporate Debtor and confirm the appointment of Debi Prasanna Sarangi as the Interim Resolution Professional.
Valia & Company, identified as the Operational Creditor, filed an application under Section 9 of the IBC, 2016, for the initiation of CIRP against Jord Engineers India Ltd.
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The Tribunal admitted the Company Petition,…
The Interim Resolution…
An application was filed by Debi Prasanna Sarangi, Interim Resolution Professional (IRP) of Jord Engineers India Limited, under Section 60(5) of the IBC, 2016, seeking to exclude a period of 3291 days from the Corporate Insolvency Resolution Process (CIRP) and to re-initiate CIRP, confirming his appointment as IRP. The original CIRP application was filed by Valia & Company (Operational Creditor) against Jord Engineers India Ltd for a default in payment for goods supplied, amounting to Rs.4,72,28,431/- plus interest.
Debi Prasanna Sarangi, Interim Resolution Professional (IRP) of Jord Engineers India Limited, filed an application under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the NCLT Rules, 2016.
The application seeks to exclude a period of 3291 days from the CIRP period of the Corporate Debtor, specifically from July 31, 2017, to August 04, 2026.
The application also seeks to re-initiate the CIRP of the Corporate Debtor and confirm the appointment of Debi Prasanna Sarangi as the Interim Resolution Professional.
Valia & Company, identified as the Operational Creditor, filed an application under Section 9 of the IBC, 2016, for the initiation of CIRP against Jord Engineers India Ltd.
…The Tribunal admitted the Company Petition,…
The Interim Resolution…