The case pertains to IA No. 639/2020 in CP (IB) No. 279/Chd/HP/2019, an admitted matter under Section 33(2) of the Insolvency and Bankruptcy Code, 2016. The application was filed by Mr. Gurdev Bassi, the Resolution Professional of M/s BBN Foods Hi-Tech Processing Private Limited (Corporate Debtor), seeking an order for liquidation. The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s BBN Foods Hi-Tech Processing Private Limited based on an application filed by "Bansal Traders" under Section 9 of the Insolvency and Bankruptcy Code, 2016. The application was admitted on 17.12.2019, and Mr. Gurdev Bassi was appointed as the Interim Resolution Professional (IRP), later becoming the Resolution Professional (RP).
M/s BBN Foods Hi-Tech Processing Private Limited (Corporate Debtor) underwent Corporate Insolvency Resolution Process (CIRP) initiated by "Bansal Traders" under Section 9 of the Insolvency and Bankruptcy Code, 2016. The CIRP was admitted on 17.12.2019. Mr. Gurdev Bassi was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). The Committee of Creditors (CoC) was constituted and later reconstituted. The RP appointed registered valuers for asset valuation. An Expression of Interest (EOI) was invited, but both applicants failed to meet the criteria. The CoC resolved to liquidate the corporate debtor with 97.75% voting share. The RP filed an application for liquidation under Section 33(2) of the Code. The
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The application under Section 9 of the…
Mr. Gurdev Bassi was…
The case pertains to IA No. 639/2020 in CP (IB) No. 279/Chd/HP/2019, an admitted matter under Section 33(2) of the Insolvency and Bankruptcy Code, 2016. The application was filed by Mr. Gurdev Bassi, the Resolution Professional of M/s BBN Foods Hi-Tech Processing Private Limited (Corporate Debtor), seeking an order for liquidation. The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s BBN Foods Hi-Tech Processing Private Limited based on an application filed by "Bansal Traders" under Section 9 of the Insolvency and Bankruptcy Code, 2016. The application was admitted on 17.12.2019, and Mr. Gurdev Bassi was appointed as the Interim Resolution Professional (IRP), later becoming the Resolution Professional (RP).
M/s BBN Foods Hi-Tech Processing Private Limited (Corporate Debtor) underwent Corporate Insolvency Resolution Process (CIRP) initiated by "Bansal Traders" under Section 9 of the Insolvency and Bankruptcy Code, 2016. The CIRP was admitted on 17.12.2019. Mr. Gurdev Bassi was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). The Committee of Creditors (CoC) was constituted and later reconstituted. The RP appointed registered valuers for asset valuation. An Expression of Interest (EOI) was invited, but both applicants failed to meet the criteria. The CoC resolved to liquidate the corporate debtor with 97.75% voting share. The RP filed an application for liquidation under Section 33(2) of the Code. The
…The application under Section 9 of the…
Mr. Gurdev Bassi was…