The case involves an application (IA-3167/2023) filed under Section 12(2) and/or Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking an extension of the CIRP period and exclusion of a certain period due to non-cooperation from the suspended directors of the Corporate Debtor.
Yes Bank Limited filed a Company Petition (IB-559(ND)/2021) under Section 7 of the IBC, which was admitted on 29.11.2022, initiating CIRP against Presidium Educational Institution Pvt. Ltd.
Mr. Ganga Ram was initially appointed as the Interim Resolution Professional (IRP), but was later replaced by the Applicant, Mr. Anil Goel, as the Resolution Professional (RP) on 31.03.2023.
The first Form-G was published on 05.02.2023, but the RP faced non-cooperation from the Suspended Directors and Auditor of the Corporate Debtor.
The CoC, in its third meeting held on 06.03.2023, resolved with 99.87% vote to republish Form-G due to requests for extension from Prospective Resolution Applicants (PRAs).
…Sign in to view the parties.
The Adjudicating Authority admitted the Company…
Mr. Ganga Ram was…
The case involves an application (IA-3167/2023) filed under Section 12(2) and/or Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking an extension of the CIRP period and exclusion of a certain period due to non-cooperation from the suspended directors of the Corporate Debtor.
Yes Bank Limited filed a Company Petition (IB-559(ND)/2021) under Section 7 of the IBC, which was admitted on 29.11.2022, initiating CIRP against Presidium Educational Institution Pvt. Ltd.
Mr. Ganga Ram was initially appointed as the Interim Resolution Professional (IRP), but was later replaced by the Applicant, Mr. Anil Goel, as the Resolution Professional (RP) on 31.03.2023.
The first Form-G was published on 05.02.2023, but the RP faced non-cooperation from the Suspended Directors and Auditor of the Corporate Debtor.
The CoC, in its third meeting held on 06.03.2023, resolved with 99.87% vote to republish Form-G due to requests for extension from Prospective Resolution Applicants (PRAs).
…The Adjudicating Authority admitted the Company…
Mr. Ganga Ram was…