The case involves an application (I.A.No.317 of 2020) filed in connection with a Company Petition (C.P.(IB)No.159/BB/2020) under Section 33(2) of the Insolvency and Bankruptcy Code (IBC), 2016, read with Rule 11 of the NCLT Rules, 2016. The main Company Petition was filed by Mr. Deepak Dhirajlal Mehta, Director of M/s. Blue Whale Machinery Technologies Pvt. Ltd., under Section 10 of the IBC, 2016. The petition was admitted on July 10, 2020, initiating the Corporate Insolvency Resolution Process (CIRP) for M/s. Blue Whale Machinery Technologies Pvt. Ltd. Mr. Srinivas Thatikonda was appointed as the Interim Resolution Professional (IRP). The application sought an order for the liquidation of the Corporate Debtor.
Mr. Deepak Dhirajlal Mehta, Director of M/s. Blue Whale Machinery Technologies Pvt. Ltd., filed a Company Petition (C.P.(IB)No.159/BB/2020) under Section 10 of the IBC, 2016. The petition was admitted on July 10, 2020, initiating CIRP for M/s. Blue Whale Machinery Technologies Pvt. Ltd. due to defaults amounting to Rs. 18,01,59,144/-. Mr. Srinivas Thatikonda was appointed as the Interim Resolution Professional (IRP). The Tribunal determined that the Corporate Debtor's liabilities exceeded its assets. The Committee of Creditors (CoC) was formed, consisting of Karur Vysya Bank Limited (with the highest voting share of 71.38%), UCO Bank, Arohan Financial Services Limited, Aditya Birla Finance Limited, Shriram City Union Finance Limited, and Axis Bank. In a meeting on
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The Adjudicating Authority admitted the Company…
Mr. Srinivas Thatikonda…
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The case involves an application (I.A.No.317 of 2020) filed in connection with a Company Petition (C.P.(IB)No.159/BB/2020) under Section 33(2) of the Insolvency and Bankruptcy Code (IBC), 2016, read with Rule 11 of the NCLT Rules, 2016. The main Company Petition was filed by Mr. Deepak Dhirajlal Mehta, Director of M/s. Blue Whale Machinery Technologies Pvt. Ltd., under Section 10 of the IBC, 2016. The petition was admitted on July 10, 2020, initiating the Corporate Insolvency Resolution Process (CIRP) for M/s. Blue Whale Machinery Technologies Pvt. Ltd. Mr. Srinivas Thatikonda was appointed as the Interim Resolution Professional (IRP). The application sought an order for the liquidation of the Corporate Debtor.
Mr. Deepak Dhirajlal Mehta, Director of M/s. Blue Whale Machinery Technologies Pvt. Ltd., filed a Company Petition (C.P.(IB)No.159/BB/2020) under Section 10 of the IBC, 2016. The petition was admitted on July 10, 2020, initiating CIRP for M/s. Blue Whale Machinery Technologies Pvt. Ltd. due to defaults amounting to Rs. 18,01,59,144/-. Mr. Srinivas Thatikonda was appointed as the Interim Resolution Professional (IRP). The Tribunal determined that the Corporate Debtor's liabilities exceeded its assets. The Committee of Creditors (CoC) was formed, consisting of Karur Vysya Bank Limited (with the highest voting share of 71.38%), UCO Bank, Arohan Financial Services Limited, Aditya Birla Finance Limited, Shriram City Union Finance Limited, and Axis Bank. In a meeting on
…The Adjudicating Authority admitted the Company…
Mr. Srinivas Thatikonda…
Sign in to view related legal provisions.