The case involves an application filed by the Resolution Professional under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016, seeking directions for the liquidation of the Corporate Debtor, Allbest Offshore Marine (India) Pvt. Ltd. The operational creditor, Arun K. Agarwal & Associates, had previously filed an application under Section 9 of the Code for initiating the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. This application was admitted on 2021-01-12, initiating CIRP and appointing Ms. Preeti Jaiswal as the Interim Resolution Professional (IRP). The IRP then made a public announcement and constituted a Committee of Creditors (CoC).
Arun K. Agarwal & Associates, an operational creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Allbest Offshore Marine (India) Pvt. Ltd. under Section 9 of the Insolvency and Bankruptcy Code (IBC). The application was admitted on 2021-01-12, and Ms. Preeti Jaiswal was appointed as the Interim Resolution Professional (IRP). The IRP constituted a Committee of Creditors (CoC). The CoC determined that the corporate debtor was not a going concern and had limited assets. Sembmarine Kakinada Limited, against whom CIRP was also initiated, was involved. The CoC decided against publishing Form-G and resolved to liquidate the corporate debtor. Mr. Man Mohan Vij was appointed as Resolution Professional on 2021-03-24. The applicant filed a written
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Application under Section 9 of the Code…
The first meeting of…
The case involves an application filed by the Resolution Professional under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016, seeking directions for the liquidation of the Corporate Debtor, Allbest Offshore Marine (India) Pvt. Ltd. The operational creditor, Arun K. Agarwal & Associates, had previously filed an application under Section 9 of the Code for initiating the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. This application was admitted on 2021-01-12, initiating CIRP and appointing Ms. Preeti Jaiswal as the Interim Resolution Professional (IRP). The IRP then made a public announcement and constituted a Committee of Creditors (CoC).
Arun K. Agarwal & Associates, an operational creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Allbest Offshore Marine (India) Pvt. Ltd. under Section 9 of the Insolvency and Bankruptcy Code (IBC). The application was admitted on 2021-01-12, and Ms. Preeti Jaiswal was appointed as the Interim Resolution Professional (IRP). The IRP constituted a Committee of Creditors (CoC). The CoC determined that the corporate debtor was not a going concern and had limited assets. Sembmarine Kakinada Limited, against whom CIRP was also initiated, was involved. The CoC decided against publishing Form-G and resolved to liquidate the corporate debtor. Mr. Man Mohan Vij was appointed as Resolution Professional on 2021-03-24. The applicant filed a written
…Application under Section 9 of the Code…
The first meeting of…