The Corporate Insolvency Resolution Process (CIRP) was initiated against Atharva Advisory Services Pvt. Ltd. The Adjudicating Authority ordered the initiation on 2018-11-27, based on a petition filed by the Financial Creditor under Section 7 of the Insolvency and Bankruptcy Code (IBC). Mr. Manoj Kumar Jain was appointed as the Interim Resolution Professional (IRP). Subsequently, in a meeting on 2018-12-27, the Committee of Creditors (CoC) resolved to appoint Mr. Manoj Kumar Jain as the Resolution Professional (RP), which was approved by the Bench.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Atharva Advisory Services Pvt. Ltd. based on a petition under Section 7 of the IBC. Manoj Kumar Jain was appointed as IRP and later as RP. A public announcement was made on 2018-11-29. Two registered valuers were appointed on 2019-06-17. An advertisement inviting Expression of Interest was issued on 2019-02-18. The CoC, with 100% voting rights, resolved to liquidate the company on 2019-08-13 because no resolution plan was received and the company was not a going concern, incurring losses since inception. Laxmikant Yeshwant Desai agreed to act as liquidator. The Adjudicating Authority approved the liquidation under Section 33(1) of the Code. The order directed the liquidator to send the order to
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Adjudicating Authority ordered initiation of…
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The Corporate Insolvency Resolution Process (CIRP) was initiated against Atharva Advisory Services Pvt. Ltd. The Adjudicating Authority ordered the initiation on 2018-11-27, based on a petition filed by the Financial Creditor under Section 7 of the Insolvency and Bankruptcy Code (IBC). Mr. Manoj Kumar Jain was appointed as the Interim Resolution Professional (IRP). Subsequently, in a meeting on 2018-12-27, the Committee of Creditors (CoC) resolved to appoint Mr. Manoj Kumar Jain as the Resolution Professional (RP), which was approved by the Bench.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Atharva Advisory Services Pvt. Ltd. based on a petition under Section 7 of the IBC. Manoj Kumar Jain was appointed as IRP and later as RP. A public announcement was made on 2018-11-29. Two registered valuers were appointed on 2019-06-17. An advertisement inviting Expression of Interest was issued on 2019-02-18. The CoC, with 100% voting rights, resolved to liquidate the company on 2019-08-13 because no resolution plan was received and the company was not a going concern, incurring losses since inception. Laxmikant Yeshwant Desai agreed to act as liquidator. The Adjudicating Authority approved the liquidation under Section 33(1) of the Code. The order directed the liquidator to send the order to
…Adjudicating Authority ordered initiation of…
CoC resolved to appoint…