The case involves an application for the liquidation of the Corporate Debtor, Baffin Engineering Projects Limited. The CIRP was initiated based on a petition filed by Uniworld Telecom Limited under Section 7 of the Insolvency & Bankruptcy Code. The COC resolved to recommend liquidation as no resolution plan was received.
Uniworld Telecom Limited filed a petition under Section 7 of the Insolvency & Bankruptcy Code, leading to the initiation of CIRP for Baffin Engineering Projects Limited. The COC, in its meeting on 2019-04-02, resolved to recommend liquidation due to the absence of any resolution plan. The COC's decision was supported by 100% of its members. The Adjudicating Authority considered the application for liquidation and the records annexed, ultimately deciding to allow the application and appoint the resolution professional as liquidator.
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The case involves an application for the liquidation of the Corporate Debtor, Baffin Engineering Projects Limited. The CIRP was initiated based on a petition filed by Uniworld Telecom Limited under Section 7 of the Insolvency & Bankruptcy Code. The COC resolved to recommend liquidation as no resolution plan was received.
Uniworld Telecom Limited filed a petition under Section 7 of the Insolvency & Bankruptcy Code, leading to the initiation of CIRP for Baffin Engineering Projects Limited. The COC, in its meeting on 2019-04-02, resolved to recommend liquidation due to the absence of any resolution plan. The COC's decision was supported by 100% of its members. The Adjudicating Authority considered the application for liquidation and the records annexed, ultimately deciding to allow the application and appoint the resolution professional as liquidator.
The Adjudicating Authority passed an order…
The COC resolved to…
Sign in to view related legal provisions.