The case involves an application filed by the Resolution Professional under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, for the liquidation of the corporate debtor, M/s. Advance Navotpad Surfactants Limited. Bank of India, the financial creditor, had previously filed an application under Section 7 of the Code for initiating the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor. This application was admitted on 27.09.2018, and Mr. Sethurathnam Ravi was appointed as the Interim Resolution Professional (IRP). The IRP invited claims from creditors, and only one claim from Bank of India was received. The Committee of Creditors (CoC) was constituted with Bank of India as its sole member. The IRP was appointed as the Resolution
…The financial creditor, Bank of India, initiated Corporate Insolvency Resolution Process (CIRP) against M/s. Advance Navotpad Surfactants Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The application was admitted on 27.09.2018. Mr. Sethurathnam Ravi was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). Only one claim was received from Bank of India. The Committee of Creditors (CoC) was formed with Bank of India as the sole member. The RP appointed valuers and a forensic auditor. An Expression of Interest (EOI) was invited, and M/s KMG Industrial Traders Private Limited initially submitted an EOI but later withdrew. An extension of 90 days for the CIRP was granted on 27.03.2019. A second EOI
…Sign in to view the parties.
The application under Section 7 of the…
The Interim Resolution Professional (IRP) was…
The case involves an application filed by the Resolution Professional under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, for the liquidation of the corporate debtor, M/s. Advance Navotpad Surfactants Limited. Bank of India, the financial creditor, had previously filed an application under Section 7 of the Code for initiating the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor. This application was admitted on 27.09.2018, and Mr. Sethurathnam Ravi was appointed as the Interim Resolution Professional (IRP). The IRP invited claims from creditors, and only one claim from Bank of India was received. The Committee of Creditors (CoC) was constituted with Bank of India as its sole member. The IRP was appointed as the Resolution
…The financial creditor, Bank of India, initiated Corporate Insolvency Resolution Process (CIRP) against M/s. Advance Navotpad Surfactants Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The application was admitted on 27.09.2018. Mr. Sethurathnam Ravi was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). Only one claim was received from Bank of India. The Committee of Creditors (CoC) was formed with Bank of India as the sole member. The RP appointed valuers and a forensic auditor. An Expression of Interest (EOI) was invited, and M/s KMG Industrial Traders Private Limited initially submitted an EOI but later withdrew. An extension of 90 days for the CIRP was granted on 27.03.2019. A second EOI
…The application under Section 7 of the…
The Interim Resolution Professional (IRP) was…