The case involves a civil appeal against the corporate debtor, Kanak Resource Management Limited. The Corporate Insolvency Resolution Proceedings (CIRP) against the corporate debtor commenced on 25 September 2017, following an order by the National Company Law Tribunal (NCLT). An appeal against this order was dismissed by the National Company Law Appellate Tribunal (NCLAT) on 5 October 2017. Subsequently, a resolution plan was approved by the Committee of Creditors. The NCLAT, in an unrelated case, stayed proceedings against the ILFS Group of Companies on 15 October 2018. The Resolution Professional then applied to the NCLAT for clarification of its order dated 15 October 2018, which was dismissed, granting liberty to approach the NCLT. The Resolution Professional then
…The Corporate Insolvency Resolution Proceedings (CIRP) against Kanak Resource Management Limited (the corporate debtor) commenced on 25 September 2017, based on an order from the National Company Law Tribunal (NCLT). An appeal against the NCLT's order was dismissed by the National Company Law Appellate Tribunal (NCLAT) on 5 October 2017. A resolution plan was approved by the Committee of Creditors. On 15 October 2018, the NCLAT issued a stay order in an unrelated case involving the ILFS Group of Companies. The Resolution Professional sought clarification from the NCLAT regarding its 15 October 2018 order, but the application was dismissed, with liberty to approach the NCLT. The Resolution Professional then applied for revival/continuance of the CIRP. The NCLT dismissed
…Sign in to view the parties.
Corporate Insolvency Resolution Proceedings…
An appeal against the…
Sign in to view related legal provisions.
The case involves a civil appeal against the corporate debtor, Kanak Resource Management Limited. The Corporate Insolvency Resolution Proceedings (CIRP) against the corporate debtor commenced on 25 September 2017, following an order by the National Company Law Tribunal (NCLT). An appeal against this order was dismissed by the National Company Law Appellate Tribunal (NCLAT) on 5 October 2017. Subsequently, a resolution plan was approved by the Committee of Creditors. The NCLAT, in an unrelated case, stayed proceedings against the ILFS Group of Companies on 15 October 2018. The Resolution Professional then applied to the NCLAT for clarification of its order dated 15 October 2018, which was dismissed, granting liberty to approach the NCLT. The Resolution Professional then
…The Corporate Insolvency Resolution Proceedings (CIRP) against Kanak Resource Management Limited (the corporate debtor) commenced on 25 September 2017, based on an order from the National Company Law Tribunal (NCLT). An appeal against the NCLT's order was dismissed by the National Company Law Appellate Tribunal (NCLAT) on 5 October 2017. A resolution plan was approved by the Committee of Creditors. On 15 October 2018, the NCLAT issued a stay order in an unrelated case involving the ILFS Group of Companies. The Resolution Professional sought clarification from the NCLAT regarding its 15 October 2018 order, but the application was dismissed, with liberty to approach the NCLT. The Resolution Professional then applied for revival/continuance of the CIRP. The NCLT dismissed
…Corporate Insolvency Resolution Proceedings…
An appeal against the…
Sign in to view related legal provisions.