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 by the Operational Creditor, Mr. Sanjay S. Jaiswal.
Mr. Trupalkumar Patel was appointed as Interim Resolution Professional (IRP).
The IRP made a public announcement as required under Regulation 6 of the IBBI on 16.10.2020.
A Committee of Creditors (COC) was constituted, consisting of two Financial creditors: Rajkot Nagrik Sahakari Bank Ltd. (92.32% voting share) and MAS Financial Services Ltd. (7.68% voting share).
The COC passed a resolution to replace the IRP and appoint Mr. Keyur J. Shah as the RP, which was approved by the Adjudicating Authority on 05.01.2021.
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The Adjudicating Authority admitted the…
The IRP made a public…
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 by the Operational Creditor, Mr. Sanjay S. Jaiswal.
Mr. Trupalkumar Patel was appointed as Interim Resolution Professional (IRP).
The IRP made a public announcement as required under Regulation 6 of the IBBI on 16.10.2020.
A Committee of Creditors (COC) was constituted, consisting of two Financial creditors: Rajkot Nagrik Sahakari Bank Ltd. (92.32% voting share) and MAS Financial Services Ltd. (7.68% voting share).
The COC passed a resolution to replace the IRP and appoint Mr. Keyur J. Shah as the RP, which was approved by the Adjudicating Authority on 05.01.2021.
…The Adjudicating Authority admitted the…
The IRP made a public…