The case involves multiple applications related to the Corporate Insolvency Resolution Process (CIRP) of M/s V.S. Matrix Pvt. Ltd. initiated by Peejay Finance Company Limited. IDBI Bank Limited, a financial creditor, filed applications seeking the removal and replacement of the Resolution Professional. The CIRP faced delays and complications, including the suspension of the initial Resolution Professional and disputes over claim admissions.
An application was filed by M/s Peejay Finance Company Limited to initiate CIRP against M/s V.S. Matrix Pvt. Ltd.
The Adjudicating Authority admitted the application on 30.08.2019, declared a moratorium, and appointed Mr. Vineet Aggarwal as Interim Resolution Professional (IRP).
Mr. Vineet Aggarwal was later appointed as the Resolution Professional by the Committee of Creditors (CoC) on 07.11.2019.
IDBI Bank Limited filed I.A. No. 985 of 2022 seeking removal and replacement of the Resolution Professional.
IBBI suspended the registration of the erstwhile Resolution Professional for two years.
Mr. Bimal Kumar Sharma was appointed as the new Resolution Professional on 24.05.2023.
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CIRP commenced against M/s V.S. Matrix Pvt.…
Mr. Vineet Aggarwal was appointed as the…
The case involves multiple applications related to the Corporate Insolvency Resolution Process (CIRP) of M/s V.S. Matrix Pvt. Ltd. initiated by Peejay Finance Company Limited. IDBI Bank Limited, a financial creditor, filed applications seeking the removal and replacement of the Resolution Professional. The CIRP faced delays and complications, including the suspension of the initial Resolution Professional and disputes over claim admissions.
An application was filed by M/s Peejay Finance Company Limited to initiate CIRP against M/s V.S. Matrix Pvt. Ltd.
The Adjudicating Authority admitted the application on 30.08.2019, declared a moratorium, and appointed Mr. Vineet Aggarwal as Interim Resolution Professional (IRP).
Mr. Vineet Aggarwal was later appointed as the Resolution Professional by the Committee of Creditors (CoC) on 07.11.2019.
IDBI Bank Limited filed I.A. No. 985 of 2022 seeking removal and replacement of the Resolution Professional.
IBBI suspended the registration of the erstwhile Resolution Professional for two years.
Mr. Bimal Kumar Sharma was appointed as the new Resolution Professional on 24.05.2023.
…CIRP commenced against M/s V.S. Matrix Pvt.…
Mr. Vineet Aggarwal was appointed as the…