This I.A. has been filed under Section 43 of the Insolvency and Bankruptcy Code, 2016 (IBC/Code), by Mr. Jayanti Lal Jain, the Interim Resolution Professional (Applicant/IRP) of 'Windals Auto Pvt. Ltd.', the Corporate Debtor (CD) against Mr. Abdulla Sahebkhan Dalwai, Respondent No. 1 and Mr. Asif Dalwai, Respondent No. 2, who are directors of the suspended board of the CD, and also against 'Divyagyan Trading Private Limited', Respondent No. 3, which is one of the unsecured financial creditors of the CD, and also described by the Applicant as the beneficiary entity.
Mr. Jayanti Lal Jain, the Interim Resolution Professional (Applicant/IRP) of 'Windals Auto Pvt. Ltd.', filed an application under Section 43 of the IBC.
The application was filed against Mr. Abdulla Sahebkhan Dalwai, Respondent No. 1 and Mr. Asif Dalwai, Respondent No. 2, who are directors of the suspended board of the CD, and also against 'Divyagyan Trading Private Limited', Respondent No. 3.
The Corporate Insolvency Resolution Process (CIRP) in respect of the CD was initiated by this Tribunal, vide Order dated 28.04.2023, and the Applicant was appointed as the Interim Resolution Professional (IRP).
The CoC, in its 9th meeting on 09.06.2024, resolved to liquidate the CD, pursuant to which I.A. No. 98 of 2024 was filed before this Tribunal under Section 33 of the Code.
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Corporate Insolvency…
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This I.A. has been filed under Section 43 of the Insolvency and Bankruptcy Code, 2016 (IBC/Code), by Mr. Jayanti Lal Jain, the Interim Resolution Professional (Applicant/IRP) of 'Windals Auto Pvt. Ltd.', the Corporate Debtor (CD) against Mr. Abdulla Sahebkhan Dalwai, Respondent No. 1 and Mr. Asif Dalwai, Respondent No. 2, who are directors of the suspended board of the CD, and also against 'Divyagyan Trading Private Limited', Respondent No. 3, which is one of the unsecured financial creditors of the CD, and also described by the Applicant as the beneficiary entity.
Mr. Jayanti Lal Jain, the Interim Resolution Professional (Applicant/IRP) of 'Windals Auto Pvt. Ltd.', filed an application under Section 43 of the IBC.
The application was filed against Mr. Abdulla Sahebkhan Dalwai, Respondent No. 1 and Mr. Asif Dalwai, Respondent No. 2, who are directors of the suspended board of the CD, and also against 'Divyagyan Trading Private Limited', Respondent No. 3.
The Corporate Insolvency Resolution Process (CIRP) in respect of the CD was initiated by this Tribunal, vide Order dated 28.04.2023, and the Applicant was appointed as the Interim Resolution Professional (IRP).
The CoC, in its 9th meeting on 09.06.2024, resolved to liquidate the CD, pursuant to which I.A. No. 98 of 2024 was filed before this Tribunal under Section 33 of the Code.
…Corporate Insolvency…
Public announce…