under
Section 29 of the IBC. Such Resolution Plan
has to be submitted to the Resolution
Professional under Section 30 of IBC, which is
considered ... dealt with the issue of approval
of the resolution plan submitted by the
Resolution Professional and, inter alia,
rejecting the claim of the Appellant
insolvency professional appointed to conduct the corporate
insolvency resolution process and includes an interim resolution
professional;
(xiii) Section 14 provides for Moratorium and inter alia ... corporate
insolvency resolution process.
(xvi) Section 17 is regarding management of affairs of the corporate
debtor by interim resolution professional and inter alia provides that
under
Section 29 of the IBC. Such Resolution Plan
has to be submitted to the Resolution
Professional under Section 30 of IBC, which is
considered ... dealt with the issue of approval
of the resolution plan submitted by the
Resolution Professional and, inter alia,
rejecting the claim of the Appellant
Code.
Section 30. Submission of resolution plan
30. Submission of resolution plan.-- (1) A resolution
applicant may submit a resolution plan 2 [along with ... resolution process and the resolution plan
to the Board to be recorded on its database.
[(4) The resolution applicant shall, pursuant to the resolution
plan
application, ordered the commencement of the Corporate
Insolvency Resolution Process and appointed an Interim
Resolution Professional. Consequently, a Moratorium was also
declared in terms ... Interim Order granted by the High
Court that the Resolution Applicant, the Resolution
Professional and the Committee of Creditors have come up
with the present
corporate insolvency
resolution process and call for the submission of claims under Section
15; and
(c) appoint an interim resolution professional in the manner ... application for corporate insolvency resolution process is made
by an operational creditor and—
(a) no proposal for an interim resolution professional is made, the
Adjudicating
prospective resolution applicant. Under Section 30 of the Code, the resolution
applicant must then submit a resolution plan to the resolution professional,
prepared ... professional.
45. After receipt of the resolution plans in accordance with the Code and the
Regulations, the resolution professional shall then provide the fair value
insolvency resolution process and manage
the operations of the corporate debtor during the corporate insolvency
resolution process period:
Provided that the resolution professional shall continue ... resolution applicant may
submit a resolution plan along with an affidavit stating that he is eligible
under Section 29-A to the resolution professional prepared
filed an application for
interim order to restrain the 'Interim Resolution Professional' from
demanding the custody of the property, as referred below ... undisputed fact.
5. It was pleaded that the 'Resolution Professional' was putting
pressure to hand over the physical possession back to him, although
Corporate Insolvency Resolution
Process (CIRP) against Corporate Debtor- 'Anil Special Steel Industries Ltd.'.
During the course of CIRP, Interim Resolution Professional ... Creditors (in short, CoC). Later, on a resolution passed by
the CoC, the Resolution Professional, Mr Vikram Bajaj, replaced the IRP Mr
Brij Kishore Sharma
