NCLT admitted the status report filed by the Resolution Professional under Section 60(5) of the IBC. The Committee of Creditors resolved to continue the IRP as RP, which was recorded ex-parte under Section 22(3)(a). The application disposed off.
Status report accepted; IRP continued as RP recorded; application disposed off.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
IN THE NATIONAL COMPANY LAW TRIBUNAL: NEW DELHI COURT-VI
Item No. 106 IB-73/PB/2023
IN THE MATTER OF: M/s. Virtual Business Solutions Pvt. Ltd. ...PETITIONER
Vs.
M/s. Dev Versha Publication Pvt. Ltd. …RESPONDENT
Section U/s 7 of IBC, 2016 Order delivered on 14.12.2023 (Hearing through VC & Physical Mode)
Coram:
SHRI MAHENDRA KHANDELWAL, HON’BLE MEMBER (JUDICIAL) SHRI RAHUL BHATNAGAR, HON’BLE MEMBER (TECHNICAL)
PRESENT: For the Petitioner/Financial Creditor : For the RP : Ms .Prerana Priyanshu, Adv for Mr. Sanjay Kumar Jha,
For the Respondent/Corporate Debtor :
ORDER
IA/6516/2023
This is an application filed the Resolution Professional under Section 60 (5) of the IBC, for placing on record the status report in the matter.
Heard the Ld. Counsel on behalf of the RP. It was submitted that CoC in its meeting held on 10.11.2023 with hundred per cent voting has resolved to continue for the IRP Mr. Sanjay Kumar Jha as the Resolution Professional and the same is taken on record in terms of Section 22(3) (a) of the IBC. Further the status report for the period 13.10.2023 till 21.11.2023 is also taken on record with just exceptions. A copy of the resolution in respect of continuation of IRP as RP passed by the CoC for its meeting dated 13.10.2023 has also been enclosed with this application. IA is disposed off.
Sd/Sd/(Rahul Bhatnagar) (Mahendra Khandelwal) Member (T) Member (J)
(Garima)
1 issue framed by the court
Whether the status report filed by the Resolution Professional under Section 60(5) of the IBC, 2016 should be accepted and the record maintained.
2 provisions across 1 enactments
M/s. Virtual Business Solutions Pvt. Ltd.
M/s. Dev Versha Publication Pvt. Ltd.
Mahendra Khandelwal
Rahul Bhatnagar
As recorded by the court registry
2 orders share this CNR
Judgements on the same questions, provisions and authorities, from every court
