The Company Petition bearing C.P (IB) No.71/BB/2023 was filed by Union Bank of India under Section 7 of the Insolvency and Bankruptcy Code, 2016 to initiate Corporate Insolvency Resolution Process ('CIRP') against Sindhu Cargo Services Private Limited. The CIRP was admitted on 28.05.2024, and Shirley Mathew was appointed as Interim Resolution Professional (“IRP”).
Union Bank of India filed a petition under Section 7 of the IBC to initiate CIRP against Sindhu Cargo Services Private Limited.
The CIRP was admitted on 28.05.2024, and Shirley Mathew was appointed as IRP.
The IRP issued a public announcement on 01.07.2024.
The Committee of Creditors (CoC) was constituted on 19.06.2024.
Shirley Mathew was appointed as Resolution Professional (RP).
Several CoC meetings were held to evaluate resolution plans.
No resolution plan was approved by the CoC.
The CoC resolved to liquidate the Corporate Debtor in the 9th CoC meeting on 07.01.2025.
Shirley Mathew was approved as the Liquidator with 92.26% of votes.
The estimated liquidation cost was approved as Rs. 10,85,000/- plus taxes.
Sign in to view the parties.
Company Petition C.P…
CIRP agains…
The Company Petition bearing C.P (IB) No.71/BB/2023 was filed by Union Bank of India under Section 7 of the Insolvency and Bankruptcy Code, 2016 to initiate Corporate Insolvency Resolution Process ('CIRP') against Sindhu Cargo Services Private Limited. The CIRP was admitted on 28.05.2024, and Shirley Mathew was appointed as Interim Resolution Professional (“IRP”).
Union Bank of India filed a petition under Section 7 of the IBC to initiate CIRP against Sindhu Cargo Services Private Limited.
The CIRP was admitted on 28.05.2024, and Shirley Mathew was appointed as IRP.
The IRP issued a public announcement on 01.07.2024.
The Committee of Creditors (CoC) was constituted on 19.06.2024.
Shirley Mathew was appointed as Resolution Professional (RP).
Several CoC meetings were held to evaluate resolution plans.
No resolution plan was approved by the CoC.
The CoC resolved to liquidate the Corporate Debtor in the 9th CoC meeting on 07.01.2025.
Shirley Mathew was approved as the Liquidator with 92.26% of votes.
The estimated liquidation cost was approved as Rs. 10,85,000/- plus taxes.
Company Petition C.P…
CIRP agains…