The case involves an application (IA No. 113 of 2019) filed by the Resolution Professional (RP) of ABG Shipyard Limited under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated based on an application by ICICI Bank under Section 7 of the Code. The RP was appointed and made a public announcement, inviting claims from creditors. Despite efforts to find a resolution plan, the Committee of Creditors (CoC) approved liquidation in its 21st meeting, authorizing the RP to file the application for liquidation.
ICICI Bank initiated Corporate Insolvency Resolution Process (CIRP) against ABG Shipyard Limited by filing CP(IB)No. 53/2017 under Section 7 of the Insolvency and Bankruptcy Code, 2016. The application was admitted on 01.08.2017, and Mr. Sundaresh Bhat was appointed as the Interim Resolution Professional (IRP). Public announcement was made on 05.08.2017, inviting claims from creditors. The appointment of the Applicant as the Resolution Professional was confirmed by the members of CoC through electronic voting on 7th September, 2017. Expression of Interest (Eols) were invited from prospective resolution applicants, with 28th September, 2017 as the last date for submission. Eols were received from Liberty House Group Pte Ltd., Mahindra and Mahindra Ltd. and AFCONS
…Sign in to view the parties.
The Adjudicating Authority admitted the main…
The Resolution Professional made a public…
The case involves an application (IA No. 113 of 2019) filed by the Resolution Professional (RP) of ABG Shipyard Limited under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated based on an application by ICICI Bank under Section 7 of the Code. The RP was appointed and made a public announcement, inviting claims from creditors. Despite efforts to find a resolution plan, the Committee of Creditors (CoC) approved liquidation in its 21st meeting, authorizing the RP to file the application for liquidation.
ICICI Bank initiated Corporate Insolvency Resolution Process (CIRP) against ABG Shipyard Limited by filing CP(IB)No. 53/2017 under Section 7 of the Insolvency and Bankruptcy Code, 2016. The application was admitted on 01.08.2017, and Mr. Sundaresh Bhat was appointed as the Interim Resolution Professional (IRP). Public announcement was made on 05.08.2017, inviting claims from creditors. The appointment of the Applicant as the Resolution Professional was confirmed by the members of CoC through electronic voting on 7th September, 2017. Expression of Interest (Eols) were invited from prospective resolution applicants, with 28th September, 2017 as the last date for submission. Eols were received from Liberty House Group Pte Ltd., Mahindra and Mahindra Ltd. and AFCONS
…The Adjudicating Authority admitted the main…
The Resolution Professional made a public…