The Resolution Professional (RP) filed a report on 2017-11-22 requesting the Adjudicating Authority/Tribunal to pass an order of liquidation for 24 X 7 Learning Private Limited. The Corporate Insolvency Resolution Process (CIRP) of 180 days ended on 2017-10-25. The RP had appointed two registered valuers on 2017-05-04 to value the assets and liabilities of the Corporate Debtor, who submitted their report on 2017-05-29. The Committee of Creditors (CoC) convened meetings but no resolution plan was received. The RP filed a memo on 2017-10-25 intimating the CoC's decision for liquidation.
The Resolution Professional (RP) filed a report requesting the Adjudicating Authority to pass an order of liquidation. The Corporate Insolvency Resolution Process (CIRP) of 180 days ended on 2017-10-25. The RP appointed two registered valuers on 2017-05-04 to value the assets and liabilities of the Corporate Debtor. The valuers submitted their report on 2017-05-29. The claims from financial creditors amounted to Rs. 2,16,02,565 and from operational creditors Rs. 2,99,18,485. The total claims amounted to Rs. 10,15,21,050. The Committee of Creditors (CoC) convened meetings, but no resolution plan was received. The RP filed a memo on 2017-10-25 intimating the CoC's decision for liquidation. The financial dues were around Rs. 10,18,36,068, while the amount available for
…Sign in to view the parties.
The Resolution Professional filed a report…
CSB Ramesh Kumar Bhat…
Sign in to view related legal provisions.
The Resolution Professional (RP) filed a report on 2017-11-22 requesting the Adjudicating Authority/Tribunal to pass an order of liquidation for 24 X 7 Learning Private Limited. The Corporate Insolvency Resolution Process (CIRP) of 180 days ended on 2017-10-25. The RP had appointed two registered valuers on 2017-05-04 to value the assets and liabilities of the Corporate Debtor, who submitted their report on 2017-05-29. The Committee of Creditors (CoC) convened meetings but no resolution plan was received. The RP filed a memo on 2017-10-25 intimating the CoC's decision for liquidation.
The Resolution Professional (RP) filed a report requesting the Adjudicating Authority to pass an order of liquidation. The Corporate Insolvency Resolution Process (CIRP) of 180 days ended on 2017-10-25. The RP appointed two registered valuers on 2017-05-04 to value the assets and liabilities of the Corporate Debtor. The valuers submitted their report on 2017-05-29. The claims from financial creditors amounted to Rs. 2,16,02,565 and from operational creditors Rs. 2,99,18,485. The total claims amounted to Rs. 10,15,21,050. The Committee of Creditors (CoC) convened meetings, but no resolution plan was received. The RP filed a memo on 2017-10-25 intimating the CoC's decision for liquidation. The financial dues were around Rs. 10,18,36,068, while the amount available for
…The Resolution Professional filed a report…
CSB Ramesh Kumar Bhat…
Sign in to view related legal provisions.