UCO Bank filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Bhuvee Stenovate Private Limited. The application was for initiating the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor. The order of admission was passed on March 12, 2019, and Mr. C.A. Kannan Tiruvengadam was appointed as the Interim Resolution Professional (IRP).
UCO Bank initiated CIRP against Bhuvee Stenovate Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The application was admitted on March 12, 2019, and C.A. Kannan Tiruvengadam was appointed as the IRP. The IRP was later confirmed as the RP. The RP published invitations for Expression of Interest (EOI) and received three EOIs from Jindal Stainless Hisar Limited, Sunflag Iron & Steel Co. Limited, and Prudent ARC Limited. However, no resolution plan was received from any of the prospective resolution applicants. The COC deliberated on extending the CIRP period but decided not to amend the eligibility criteria. The RP filed a petition for an extension of the CIRP period, which was not granted. The period of 330 days expired on February 4,
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Order of admission was passed for the…
Mr. C.A. Kannan…
UCO Bank filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Bhuvee Stenovate Private Limited. The application was for initiating the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor. The order of admission was passed on March 12, 2019, and Mr. C.A. Kannan Tiruvengadam was appointed as the Interim Resolution Professional (IRP).
UCO Bank initiated CIRP against Bhuvee Stenovate Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The application was admitted on March 12, 2019, and C.A. Kannan Tiruvengadam was appointed as the IRP. The IRP was later confirmed as the RP. The RP published invitations for Expression of Interest (EOI) and received three EOIs from Jindal Stainless Hisar Limited, Sunflag Iron & Steel Co. Limited, and Prudent ARC Limited. However, no resolution plan was received from any of the prospective resolution applicants. The COC deliberated on extending the CIRP period but decided not to amend the eligibility criteria. The RP filed a petition for an extension of the CIRP period, which was not granted. The period of 330 days expired on February 4,
…Order of admission was passed for the…
Mr. C.A. Kannan…