The case pertains to an Interlocutory Application filed by the Resolution Professional under Section 33 & 34 of the Insolvency & Bankruptcy Code, 2016, seeking an order for the liquidation of the Corporate Debtor, Sevenn Protective Fabrics Private Limited.
The Corporate Debtor, Sevenn Protective Fabrics Private Limited, was admitted into CIRP on 11.07.2024 based on an application by Operational Creditor M/s. Sumanju Projects & Services Limited.
Mr. Rajendra Sanghi was initially appointed as the Interim Resolution Professional (IRP).
SIDBI, a financial creditor, filed an application for the replacement of IRP Mr. Rajendra Sanghi with Mr. Sunil Kumar Agarwal, which was allowed on 18.09.2024.
The Committee of Creditors (CoC) included SIDBI Bank and Cosmos Bank.
Despite efforts, no resolution plan was received by the deadline of 23.12.2024.
The CoC unanimously resolved to liquidate the Corporate Debtor in its 8th meeting on 01.03.2025.
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Corporate Debtor…
IRP made public…
The case pertains to an Interlocutory Application filed by the Resolution Professional under Section 33 & 34 of the Insolvency & Bankruptcy Code, 2016, seeking an order for the liquidation of the Corporate Debtor, Sevenn Protective Fabrics Private Limited.
The Corporate Debtor, Sevenn Protective Fabrics Private Limited, was admitted into CIRP on 11.07.2024 based on an application by Operational Creditor M/s. Sumanju Projects & Services Limited.
Mr. Rajendra Sanghi was initially appointed as the Interim Resolution Professional (IRP).
SIDBI, a financial creditor, filed an application for the replacement of IRP Mr. Rajendra Sanghi with Mr. Sunil Kumar Agarwal, which was allowed on 18.09.2024.
The Committee of Creditors (CoC) included SIDBI Bank and Cosmos Bank.
Despite efforts, no resolution plan was received by the deadline of 23.12.2024.
The CoC unanimously resolved to liquidate the Corporate Debtor in its 8th meeting on 01.03.2025.
…Corporate Debtor…
IRP made public…