An application was filed under Section 33(1), 33(2), and 34(1) of the Insolvency and Bankruptcy Code, 2016, for the initiation of liquidation of the Corporate Debtor, Yug Weave Tech Private Limited.
One Operational Creditor, M/s. Kuber Texlen Private Limited, had filed an application under Section 9 of the Code for initiation of CIRP against Yug Weave Tech Private Limited.
The CIRP was admitted vide order dated 23.10.2020, and Mr. Kailash T. Shah was appointed as Interim Resolution Professional (IRP).
The IRP made a public announcement on 27.10.2020 and constituted the Committee of Creditors (CoC).
The CoC in its first meeting held on 21.11.2020 resolved to continue the IRP Mr. Kailash T. Shah as Resolution Professional (RP).
The average liquidation value of the corporate debtor is Rs. 2,05,05,461.00, and the average fair value is Rs. 2,78,92,961.00.
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CIRP was admitted…
IRP made a…
An application was filed under Section 33(1), 33(2), and 34(1) of the Insolvency and Bankruptcy Code, 2016, for the initiation of liquidation of the Corporate Debtor, Yug Weave Tech Private Limited.
One Operational Creditor, M/s. Kuber Texlen Private Limited, had filed an application under Section 9 of the Code for initiation of CIRP against Yug Weave Tech Private Limited.
The CIRP was admitted vide order dated 23.10.2020, and Mr. Kailash T. Shah was appointed as Interim Resolution Professional (IRP).
The IRP made a public announcement on 27.10.2020 and constituted the Committee of Creditors (CoC).
The CoC in its first meeting held on 21.11.2020 resolved to continue the IRP Mr. Kailash T. Shah as Resolution Professional (RP).
The average liquidation value of the corporate debtor is Rs. 2,05,05,461.00, and the average fair value is Rs. 2,78,92,961.00.
…CIRP was admitted…
IRP made a…