Home Case Index All Cases Insolvency and Bankruptcy Insolvency and Bankruptcy + Tri Insolvency and Bankruptcy - 2019 (12) TMI Tri This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2019 (12) TMI 1536 - Tri - Insolvency and BankruptcySeeking direction of this Tribunal to declare the CIRP proceedings in the matter - improper/defective filing of Form FA by the IRP - HELD THAT:- The recent Order of National Company Law Appellate Tribunal in HARPREET SINGH AHLUWALIA VERSUS EATIGO INDIA PVT. LTD. AND ORS. [2019 (11) TMI 1663 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL, NEW DELHI] clearly establishes that this Tribunal cannot ignore the claims of the Financial Creditor M/s. State Bank of India, which is amounting to ₹ 15,60,65,148.34 plus the 0.44 crore towards Bank Guarantee in the instant case while considering the withdrawal of the Form FA filed by the Interim Resolution Professional. The CIR process initiated is not required to be interfered - the Interim Resolution Professional is allowed to continue with the CIR process as mandated by the IBC, 2016. List on 6.12.2019 for the statement of the IRP.
|