Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

2021 (9) TMI 67

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... /(KB)/2019 - - - Dated:- 6-8-2021 - Rajasekhar V.K., Member (J) And Harish Chander Suri, Member (T) For the Appellant : Arun Kumar Gupta, PCA and Sachin Gopal Jathar, IRP ORDER Rajasekhar V.K., Member (J) 1. This Court convened via video conference on 08/07/2021. For convenience both the applications are taken together for consideration. IA/329(KB)2021 2. This is an application filed by the RP praying for exclusion of 317 days from 24/03/2020 to 03/02/2021, i.e., the date the CoC in their commercial wisdom has decided to liquidate the Corporate Debtor u/s. 33 of the Code as well as on account of lockdown due to COVID-19 pandemic. 3. Ld. Authorised Representative appearing on behalf of the RP submits that the Corp .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... . We are satisfied that the prayer made in the IA should be allowed. Therefore, the 317 period from 24/03/2020 to 03/02/2021 shall stand excluded from the CIRP period; thereby the present CIRP period came to an end on 18/03/2021. 7. IA/329(KB)2021 shall stand disposed of accordingly. IA/309(KB)2021 8. This is an application filed by the RP u/s. 33 of the Insolvency and Bankruptcy Code, 2016 to liquidate the Corporate Debtor on the ground of non-receipt of any resolution plan in view of the facts stated above seeking following relief: (a) An order requiring the Corporate Debtor, viz., RAA International Limited (CIN: U72900WB2000PLC091121) be liquidated in the manner as laid down in Chapter III of the Insolvency and Bankruptcy Co .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... for Assignment (AFA) issued by the Insolvency Professional Agency (IPA) of which he is a professional member, in terms of regulation 7A of the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2019. He is directed to submit his consent letter accordingly. (iii) The present RP shall hand over all documents to the Liquidator within one week from today. (iii) The Liquidator shall initiate liquidation process as envisaged under Chapter-III of the Code and the Insolvency Bankruptcy Board of India (Liquidation Process) Regulations, 2016. (iv) Public Notice shall be issued in the same newspapers as was done during the CIRP process, i.e., Financial Express (English) and Ek Din (Bengali) stating t .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates