The case involves an application under sections 30(6) and 31(1) of the Insolvency and Bankruptcy Code, 2016, read with regulation 39(4) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, for approval of a Resolution Plan for Ambient Computronics Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated following a petition filed by Switching AVO Electro Power Limited against Ambient Computronics Private Limited under section 9 of the Insolvency and Bankruptcy Code, 2016. The petition was admitted on 2020-12-10. Mr. Subodh Kumar Agarwal was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP).
Switching AVO Electro Power Limited initiated Corporate Insolvency Resolution Process (CIRP) against Ambient Computronics Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. The application was admitted on 2020-12-10. Subodh Kumar Agarwal was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). Public announcements were made to invite claims from creditors. The Committee of Creditors (CoC) was initially constituted with Bank of Baroda and Elnova Private Limited, but later reconstituted with two Operational Creditors after Bank of Baroda withdrew its claim. Fourteen CoC meetings were held during the CIRP period. Invitations for Expressions of Interest (EoI) were published, and an EoI was
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Underlying company petition bearing CP (IB)…
The company petition filed by Switching AVO…
The case involves an application under sections 30(6) and 31(1) of the Insolvency and Bankruptcy Code, 2016, read with regulation 39(4) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, for approval of a Resolution Plan for Ambient Computronics Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated following a petition filed by Switching AVO Electro Power Limited against Ambient Computronics Private Limited under section 9 of the Insolvency and Bankruptcy Code, 2016. The petition was admitted on 2020-12-10. Mr. Subodh Kumar Agarwal was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP).
Switching AVO Electro Power Limited initiated Corporate Insolvency Resolution Process (CIRP) against Ambient Computronics Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. The application was admitted on 2020-12-10. Subodh Kumar Agarwal was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). Public announcements were made to invite claims from creditors. The Committee of Creditors (CoC) was initially constituted with Bank of Baroda and Elnova Private Limited, but later reconstituted with two Operational Creditors after Bank of Baroda withdrew its claim. Fourteen CoC meetings were held during the CIRP period. Invitations for Expressions of Interest (EoI) were published, and an EoI was
…Underlying company petition bearing CP (IB)…
The company petition filed by Switching AVO…