The application was filed by the Resolution Professional/Applicant of the Corporate Debtor under section 33(1)(b) read with section 34(1) of the Insolvency and Bankruptcy Code, 2016 for passing an order of liquidation of the Corporate Debtor- M/s. Vivek Steelco Private Limited and to appoint RP as liquidator.
The Adjudicating Authority admitted the Corporate Debtor into CIRP on 08.10.2020 based on an application filed by the Operational Creditor, Mr. Sanjay S. Jaiswal.
Mr. Trupalkumar Patel was appointed as Interim Resolution Professional (IRP).
The IRP made a public announcement on 16.10.2020.
The COC consists of two Financial creditors, Rajkot Nagrik Sahakari Bank Ltd. with 92.32% voting share and MAS Financial Services Ltd. with 7.68% voting share.
The COC replaced the IRP and appointed Mr. Keyur J. Shah as the RP on 05.01.2021.
The COC rejected the Resolution Plan on 05.04.2021 and authorized the RP to file an application for extension of CIRP.
The COC resolved to liquidate the Corporate Debtor on 08.09.2021.
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Corporate D…
IRP made p…
The application was filed by the Resolution Professional/Applicant of the Corporate Debtor under section 33(1)(b) read with section 34(1) of the Insolvency and Bankruptcy Code, 2016 for passing an order of liquidation of the Corporate Debtor- M/s. Vivek Steelco Private Limited and to appoint RP as liquidator.
The Adjudicating Authority admitted the Corporate Debtor into CIRP on 08.10.2020 based on an application filed by the Operational Creditor, Mr. Sanjay S. Jaiswal.
Mr. Trupalkumar Patel was appointed as Interim Resolution Professional (IRP).
The IRP made a public announcement on 16.10.2020.
The COC consists of two Financial creditors, Rajkot Nagrik Sahakari Bank Ltd. with 92.32% voting share and MAS Financial Services Ltd. with 7.68% voting share.
The COC replaced the IRP and appointed Mr. Keyur J. Shah as the RP on 05.01.2021.
The COC rejected the Resolution Plan on 05.04.2021 and authorized the RP to file an application for extension of CIRP.
The COC resolved to liquidate the Corporate Debtor on 08.09.2021.
…Corporate D…
IRP made p…