The case pertains to an application filed by the Resolution Professional under Section 33 of the Insolvency and Bankruptcy Code, 2016, seeking directions for the liquidation of the Corporate Debtor, M/s. AVJ Infrastructure Private Limited. The Corporate Debtor had previously filed a Company Petition under Section 7 of the Code for initiating the Corporate Insolvency Resolution Process (CIRP). The application was admitted by the Tribunal on 30.09.2019, initiating CIRP against the Corporate Debtor, and Mr. Brijender Singh Deswal was appointed as the Interim Resolution Professional (IRP). The Committee of Creditors (CoC) was constituted on 23.10.2018, and in subsequent meetings, the RP was appointed with 100% voting rights. The RP apprised the CoC that the last date for
…M/s AVJ Infrastructure Private Limited, the Corporate Debtor, filed a Company Petition under Section 7 of the Insolvency and Bankruptcy Code (IBC) for initiating the Corporate Insolvency Resolution Process (CIRP). The Tribunal admitted the application on 30.09.2019, initiating CIRP. Mr. Brijender Singh Deswal was appointed as the Interim Resolution Professional (IRP). The Committee of Creditors (CoC) was constituted on 23.10.2018. The Resolution Professional (RP) was appointed with 100% voting rights. The RP informed the CoC that the last date for submitting the Expression of Interest (EOI) was 20.12.2019, and no EOI had been received. The RP suggested extending the EOI submission timeline, but the CoC dissented and decided to reject all EOIs submitted after the
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The Committ…
The Tribunal admitted the Company Petition…
The case pertains to an application filed by the Resolution Professional under Section 33 of the Insolvency and Bankruptcy Code, 2016, seeking directions for the liquidation of the Corporate Debtor, M/s. AVJ Infrastructure Private Limited. The Corporate Debtor had previously filed a Company Petition under Section 7 of the Code for initiating the Corporate Insolvency Resolution Process (CIRP). The application was admitted by the Tribunal on 30.09.2019, initiating CIRP against the Corporate Debtor, and Mr. Brijender Singh Deswal was appointed as the Interim Resolution Professional (IRP). The Committee of Creditors (CoC) was constituted on 23.10.2018, and in subsequent meetings, the RP was appointed with 100% voting rights. The RP apprised the CoC that the last date for
…M/s AVJ Infrastructure Private Limited, the Corporate Debtor, filed a Company Petition under Section 7 of the Insolvency and Bankruptcy Code (IBC) for initiating the Corporate Insolvency Resolution Process (CIRP). The Tribunal admitted the application on 30.09.2019, initiating CIRP. Mr. Brijender Singh Deswal was appointed as the Interim Resolution Professional (IRP). The Committee of Creditors (CoC) was constituted on 23.10.2018. The Resolution Professional (RP) was appointed with 100% voting rights. The RP informed the CoC that the last date for submitting the Expression of Interest (EOI) was 20.12.2019, and no EOI had been received. The RP suggested extending the EOI submission timeline, but the CoC dissented and decided to reject all EOIs submitted after the
…The Committ…
The Tribunal admitted the Company Petition…