The case involves an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by Bell Finvest (India) Ltd. against Avance Logistics & Trading India Pvt. Ltd. The application was admitted on 2017-09-11, and Mr. Devendra P. Jain was appointed as the Interim Resolution Professional (IRP). Public announcement was made, inviting claims against the Corporate Debtor. Two secured financial creditors, Bell Finvest (India) Limited and M/s. Bharat Co-operative Bank Limited, filed claims. The Committee of Creditors (CoC) was formed, and meetings were held. A valuer was appointed but could not conduct valuation due to lack of information. No Resolution Plan was received by the RP.
Bell Finvest (India) Ltd. filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Avance Logistics & Trading India Pvt. Ltd., claiming a financial debt of Rs. 53,43,350. The application was admitted on 2017-09-11, and Mr. Devendra P. Jain was appointed as the Interim Resolution Professional (IRP). A public announcement was made, inviting claims against the Corporate Debtor. Bell Finvest (India) Limited and M/s. Bharat Co-operative Bank Limited filed claims for ₹ 1,31,77,571/- and ₹3,04,82,937/-, respectively. The Committee of Creditors (CoC) was formed and convened on 2018-02-06. Three CoC meetings were held between 2017-09-11 and 2018-07-19. A valuer was appointed but could not conduct valuation due to lack of information. No
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Bell Finvest (India) Ltd. filed an application…
The application under…
The case involves an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by Bell Finvest (India) Ltd. against Avance Logistics & Trading India Pvt. Ltd. The application was admitted on 2017-09-11, and Mr. Devendra P. Jain was appointed as the Interim Resolution Professional (IRP). Public announcement was made, inviting claims against the Corporate Debtor. Two secured financial creditors, Bell Finvest (India) Limited and M/s. Bharat Co-operative Bank Limited, filed claims. The Committee of Creditors (CoC) was formed, and meetings were held. A valuer was appointed but could not conduct valuation due to lack of information. No Resolution Plan was received by the RP.
Bell Finvest (India) Ltd. filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Avance Logistics & Trading India Pvt. Ltd., claiming a financial debt of Rs. 53,43,350. The application was admitted on 2017-09-11, and Mr. Devendra P. Jain was appointed as the Interim Resolution Professional (IRP). A public announcement was made, inviting claims against the Corporate Debtor. Bell Finvest (India) Limited and M/s. Bharat Co-operative Bank Limited filed claims for ₹ 1,31,77,571/- and ₹3,04,82,937/-, respectively. The Committee of Creditors (CoC) was formed and convened on 2018-02-06. Three CoC meetings were held between 2017-09-11 and 2018-07-19. A valuer was appointed but could not conduct valuation due to lack of information. No
…Bell Finvest (India) Ltd. filed an application…
The application under…