The case pertains to an application filed by the Resolution Professional (RP) seeking liquidation of the Corporate Debtor, B.D. Motors Limited, as the Corporate Insolvency Resolution Process (CIRP) period had expired without any resolution plan being received. The CIRP was initiated following a petition filed by Monotrone Leasing Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Adjudicating Authority had directed the initiation of CIRP against the Corporate Debtor and appointed Mr. Bimal Kanti Choudhury as the Interim Resolution Professional (IRP).
Monotrone Leasing Private Limited, a financial creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against B.D. Motors Limited, the corporate debtor. The Adjudicating Authority initiated the Corporate Insolvency Resolution Process (CIRP) and appointed Mr. Bimal Kanti Choudhury as the Interim Resolution Professional (IRP). Public announcement was made on 19.03.2020 in Financial Express and Ekdin newspapers, with a last date for claim submission of 30.03.2020, later extended to 06.06.2020 due to Covid-19 lockdown. The Committee of Creditors (CoC) was constituted and reconstituted, comprising four financial creditors. The first CoC meeting was held on 18.08.2020. Invitation for Expression of Interest (EOI) was published on 04.02.2021 in
…Sign in to view the parties.
The Adjudicating Authority ordered the…
Public announcement was…
The case pertains to an application filed by the Resolution Professional (RP) seeking liquidation of the Corporate Debtor, B.D. Motors Limited, as the Corporate Insolvency Resolution Process (CIRP) period had expired without any resolution plan being received. The CIRP was initiated following a petition filed by Monotrone Leasing Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Adjudicating Authority had directed the initiation of CIRP against the Corporate Debtor and appointed Mr. Bimal Kanti Choudhury as the Interim Resolution Professional (IRP).
Monotrone Leasing Private Limited, a financial creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against B.D. Motors Limited, the corporate debtor. The Adjudicating Authority initiated the Corporate Insolvency Resolution Process (CIRP) and appointed Mr. Bimal Kanti Choudhury as the Interim Resolution Professional (IRP). Public announcement was made on 19.03.2020 in Financial Express and Ekdin newspapers, with a last date for claim submission of 30.03.2020, later extended to 06.06.2020 due to Covid-19 lockdown. The Committee of Creditors (CoC) was constituted and reconstituted, comprising four financial creditors. The first CoC meeting was held on 18.08.2020. Invitation for Expression of Interest (EOI) was published on 04.02.2021 in
…The Adjudicating Authority ordered the…
Public announcement was…