The case involves an application filed by the Resolution Professional, Mr. Pawan Garg, under Section 33(2) read with section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking directions for the liquidation of the Corporate Debtor, M/s. Vikram Buildcon and Developers Pvt. Ltd. The Corporate Insolvency Resolution Process (CIRP) was initiated based on an application under Section 7 of IBC, 2016 filed by HBN Dairies and Allied Limited, the Financial Creditor. The RP has not received records/details of the assets of the Corporate Debtor and has filed an application before the Tribunal under section 19(2) & 19(3) of the Code against the suspended management. Some assets identified by the RP are under verification, and others are under attachment order by SEBI,
…HBN Dairies and Allied Limited filed an application under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Vikram Buildcon and Developers Pvt. Ltd. The application was admitted on 2022-01-12. Mr. Pawan Garg was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP) with 100% voting share by the Committee of Creditors (CoC) in its first meeting on 2022-03-25. The RP has not received records or details of the assets of the Corporate Debtor and filed an application under section 19(2) & 19(3) of the Code. Some assets identified by the RP are under verification, and others are under attachment by SEBI. The matter relating to
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The case involves an application filed by the Resolution Professional, Mr. Pawan Garg, under Section 33(2) read with section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking directions for the liquidation of the Corporate Debtor, M/s. Vikram Buildcon and Developers Pvt. Ltd. The Corporate Insolvency Resolution Process (CIRP) was initiated based on an application under Section 7 of IBC, 2016 filed by HBN Dairies and Allied Limited, the Financial Creditor. The RP has not received records/details of the assets of the Corporate Debtor and has filed an application before the Tribunal under section 19(2) & 19(3) of the Code against the suspended management. Some assets identified by the RP are under verification, and others are under attachment order by SEBI,
…HBN Dairies and Allied Limited filed an application under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Vikram Buildcon and Developers Pvt. Ltd. The application was admitted on 2022-01-12. Mr. Pawan Garg was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP) with 100% voting share by the Committee of Creditors (CoC) in its first meeting on 2022-03-25. The RP has not received records or details of the assets of the Corporate Debtor and filed an application under section 19(2) & 19(3) of the Code. Some assets identified by the RP are under verification, and others are under attachment by SEBI. The matter relating to
…Company Petit…
Application adm…