The case pertains to an application filed under Section 33(2) and Section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the NCLT Rules, 2016, by Mr. Srinivas Thatikonda, the Resolution Professional of M/s. Flow Bangalore Waterjet Private Limited, seeking liquidation of the Corporate Debtor.
The Company Petition bearing C.P (IB) No. 16/BB/2023 was filed under Section 10 of the Insolvency and Bankruptcy Code, 2016 by M/s. Flow Bangalore Waterjet Private Limited to initiate Corporate Insolvency Resolution Process (CIRP) against itself.
The CIRP was admitted on 13.09.2024, and Mr. Srinivas Thatikonda was appointed as Interim Resolution Professional (IRP) of the Corporate Debtor.
The IRP issued a Public Announcement in the newspapers in Form-A on 14.09.2024, and the last date for submission of claims was 27.09.2024.
The RP received claims from 2 related parties, but no claims were received from financial creditors.
The Committee of Creditors (CoC) was constituted with two Operational Creditors.
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The Corporate…
The IRP issued…
The case pertains to an application filed under Section 33(2) and Section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the NCLT Rules, 2016, by Mr. Srinivas Thatikonda, the Resolution Professional of M/s. Flow Bangalore Waterjet Private Limited, seeking liquidation of the Corporate Debtor.
The Company Petition bearing C.P (IB) No. 16/BB/2023 was filed under Section 10 of the Insolvency and Bankruptcy Code, 2016 by M/s. Flow Bangalore Waterjet Private Limited to initiate Corporate Insolvency Resolution Process (CIRP) against itself.
The CIRP was admitted on 13.09.2024, and Mr. Srinivas Thatikonda was appointed as Interim Resolution Professional (IRP) of the Corporate Debtor.
The IRP issued a Public Announcement in the newspapers in Form-A on 14.09.2024, and the last date for submission of claims was 27.09.2024.
The RP received claims from 2 related parties, but no claims were received from financial creditors.
The Committee of Creditors (CoC) was constituted with two Operational Creditors.
…The Corporate…
The IRP issued…