The case involves an application (I.A No.419 of 2020) filed in C.P.(IB)No.381/BB/2019 by Ms. Shirley Mathew, the Resolution Professional of M/s. Bob Tech Solutions Private Limited, under Section 33(2) of the IBC, 2016, seeking an order for the liquidation of the Corporate Debtor. The CIRP was initiated based on an application filed by Mr. Arun Kumar K, an Operational Creditor, under Section 9 of the IBC, 2016. Due to the Covid-19 pandemic and subsequent lockdowns, the CIRP faced significant delays. The Committee of Creditors (CoC) resolved to liquidate the Corporate Debtor in its meeting held on 11.09.2020, after assessing the financial position and concluding that there were no disposable assets and a negligible chance of recovery.
Initially, CP(IB)No.381/BB/2019 was filed by Mr. Arun Kumar K ('Petitioner/Operational Creditor') under Section 9 of the IBC, 2016, for the initiation of CIRP against the Corporate Debtor. The CIRP was initiated, and Mr. Surender Devasani was appointed as the IRP on 07.02.2020. A public announcement was made on 11.02.2020, and the last date for submission of claims was 25.02.2020. The first meeting of the CoC was held on 04.03.2020. Due to the Covid-19 pandemic, a nationwide lockdown was imposed from 25.03.2020, which was extended multiple times. The second meeting of the CoC was held on 29.05.2020, where it was resolved to appoint Ms. Shirley Mathew as the Resolution Professional, which the Tribunal approved on 27.07.2020. The CIRP period of 180 days expired on
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CP(IB)No.381/…
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The case involves an application (I.A No.419 of 2020) filed in C.P.(IB)No.381/BB/2019 by Ms. Shirley Mathew, the Resolution Professional of M/s. Bob Tech Solutions Private Limited, under Section 33(2) of the IBC, 2016, seeking an order for the liquidation of the Corporate Debtor. The CIRP was initiated based on an application filed by Mr. Arun Kumar K, an Operational Creditor, under Section 9 of the IBC, 2016. Due to the Covid-19 pandemic and subsequent lockdowns, the CIRP faced significant delays. The Committee of Creditors (CoC) resolved to liquidate the Corporate Debtor in its meeting held on 11.09.2020, after assessing the financial position and concluding that there were no disposable assets and a negligible chance of recovery.
Initially, CP(IB)No.381/BB/2019 was filed by Mr. Arun Kumar K ('Petitioner/Operational Creditor') under Section 9 of the IBC, 2016, for the initiation of CIRP against the Corporate Debtor. The CIRP was initiated, and Mr. Surender Devasani was appointed as the IRP on 07.02.2020. A public announcement was made on 11.02.2020, and the last date for submission of claims was 25.02.2020. The first meeting of the CoC was held on 04.03.2020. Due to the Covid-19 pandemic, a nationwide lockdown was imposed from 25.03.2020, which was extended multiple times. The second meeting of the CoC was held on 29.05.2020, where it was resolved to appoint Ms. Shirley Mathew as the Resolution Professional, which the Tribunal approved on 27.07.2020. The CIRP period of 180 days expired on
…CP(IB)No.381/…
Mr. Surender D…
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