The case pertains to a Company Petition (CP-334/ALD/2018) filed by the Operational Creditor, M/s Jayesh Tradex Private Limited, against the Corporate Debtor, M/s Adarsh Snacks Private Limited, under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated on 21.05.2019. The Applicant was appointed as the Interim Resolution Professional (IRP). The IRP received only one claim from the Operational Creditor, leading to the constitution of the Committee of Creditors (COC). Subsequently, the Operational Creditor submitted Form FA for withdrawal of the application under Section 12A of the IBC. The COC approved the withdrawal with 100% approval, and the suspended Directors paid an amount towards estimated
…M/s Jayesh Tradex Private Limited, the Operational Creditor, initiated a Corporate Insolvency Resolution Process (CIRP) against M/s Adarsh Snacks Private Limited, the Corporate Debtor, by filing Company Petition No. 334/ALD/2018 under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The CIRP commenced on May 21, 2019. Manish Agarwal was appointed as the Interim Resolution Professional (IRP). The IRP received only one claim from the Operational Creditor, amounting to Rs 9,74,816/-, which constituted 100% of the voting rights in the Committee of Creditors (COC). The IRP convened multiple COC meetings. Subsequently, the Operational Creditor submitted Form FA to withdraw the application under Section 12A of the IBC. The COC approved the withdrawal with 100%
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M/s Jayesh Tradex Private Limited filed…
Corporate Insolvency…
The case pertains to a Company Petition (CP-334/ALD/2018) filed by the Operational Creditor, M/s Jayesh Tradex Private Limited, against the Corporate Debtor, M/s Adarsh Snacks Private Limited, under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated on 21.05.2019. The Applicant was appointed as the Interim Resolution Professional (IRP). The IRP received only one claim from the Operational Creditor, leading to the constitution of the Committee of Creditors (COC). Subsequently, the Operational Creditor submitted Form FA for withdrawal of the application under Section 12A of the IBC. The COC approved the withdrawal with 100% approval, and the suspended Directors paid an amount towards estimated
…M/s Jayesh Tradex Private Limited, the Operational Creditor, initiated a Corporate Insolvency Resolution Process (CIRP) against M/s Adarsh Snacks Private Limited, the Corporate Debtor, by filing Company Petition No. 334/ALD/2018 under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The CIRP commenced on May 21, 2019. Manish Agarwal was appointed as the Interim Resolution Professional (IRP). The IRP received only one claim from the Operational Creditor, amounting to Rs 9,74,816/-, which constituted 100% of the voting rights in the Committee of Creditors (COC). The IRP convened multiple COC meetings. Subsequently, the Operational Creditor submitted Form FA to withdraw the application under Section 12A of the IBC. The COC approved the withdrawal with 100%
…M/s Jayesh Tradex Private Limited filed…
Corporate Insolvency…