CIRP proceedings - IRP seeking details, books of accounts etc. - ...

IRP's Request for Debtor's Financial Records Denied Until July 31, Pending One-Time Settlement Approval by Creditors' Committee.

June 29, 2022

Case Laws Insolvency and Bankruptcy Tri

CIRP proceedings - IRP seeking details, books of accounts etc. - Since the Corporate Debtor/Respondent has got time upto 31/07/2022, the prayer of the IRP to provide the books of accounts, and all the relevant information in respect of the Corporate Debtor, assist the IRP to identify the company assets, handover the Keys of the factory gate and extend all the support and cooperation to complete the CIR Process cannot be granted at present, as the Financial Creditor who has filed the case before this Tribunal has agreed to the OTS, presumably with the approval of CoC, the IRP has to wait till the cut off date provided in the OTS approval.

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CIRP proceedings - IRP seeking details, books of accounts etc. - ...

IRP's Request for Debtor's Financial Records Denied Until July 31, Pending One-Time Settlement Approval by Creditors' Committee.

June 29, 2022

Case Laws Insolvency and Bankruptcy Tri

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