The case involves an application filed by the Resolution Professional under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016, seeking directions for the liquidation of the Corporate Debtor, M/s. Beta Infratech Private Limited. Punjab National Bank, the Financial Creditor, had initially filed an application under Section 7 of the Code for initiating Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, which was admitted on 2019-06-14. Mr. S V Satyanarayana was appointed as the Interim Resolution Professional (IRP).
Punjab National Bank (PNB), the Financial Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against M/s Beta Infratech Private Limited, the Corporate Debtor, by filing an application under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The application was admitted on 2019-06-14, and Mr. S V Satyanarayana was appointed as the Interim Resolution Professional (IRP). The IRP invited claims from creditors and constituted a Committee of Creditors (CoC). The CoC appointed the applicant as the Resolution Professional. Despite several extensions, no resolution plan was received from the shortlisted Resolution Applicants, including M/s. JC Flowers Assets Reconstruction Pvt. Ltd., M/s. Aditya Birla ARC Ltd., and Mr. Anuj Nautiyal. The CoC then
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Application under Section 7 of IBC filed by…
Meeting of the…
The case involves an application filed by the Resolution Professional under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016, seeking directions for the liquidation of the Corporate Debtor, M/s. Beta Infratech Private Limited. Punjab National Bank, the Financial Creditor, had initially filed an application under Section 7 of the Code for initiating Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, which was admitted on 2019-06-14. Mr. S V Satyanarayana was appointed as the Interim Resolution Professional (IRP).
Punjab National Bank (PNB), the Financial Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against M/s Beta Infratech Private Limited, the Corporate Debtor, by filing an application under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The application was admitted on 2019-06-14, and Mr. S V Satyanarayana was appointed as the Interim Resolution Professional (IRP). The IRP invited claims from creditors and constituted a Committee of Creditors (CoC). The CoC appointed the applicant as the Resolution Professional. Despite several extensions, no resolution plan was received from the shortlisted Resolution Applicants, including M/s. JC Flowers Assets Reconstruction Pvt. Ltd., M/s. Aditya Birla ARC Ltd., and Mr. Anuj Nautiyal. The CoC then
…Application under Section 7 of IBC filed by…
Meeting of the…