The case involves an application (CA 627/2018) filed under Section 33(2) read with Section 44 of the IBC, seeking liquidation of the Corporate Debtor. The Committee of Creditors (COC) resolved to proceed with liquidation due to the absence of tangible assets and a resolution plan. The COC's decision was made in a meeting held on September 27, 2018.
Govind Ram & Ors. V/s. BOP Projects Pvt. Ltd. is the case before the NCLT, New Delhi Bench. The application, CA 627/2018, was filed under Section 33(2) read with Section 44 of the Insolvency and Bankruptcy Code (IBC). The Committee of Creditors (COC) decided on September 27, 2018, to proceed with liquidation because the company had no tangible assets and no resolution plan. The COC's decision was supported by 70.5% of its members. The Resolution Professional (RP) filed an application seeking permission for liquidation. The NCLT found that liquidation was in the interest of justice and allowed the application. The RP was directed to continue as the liquidator, subject to their consent being placed on record within 2 days. The matter was listed for consent of the
…Sign in to view the parties.
The Committee of Creditors (COC) resolved to…
Hearing before the New…
The case involves an application (CA 627/2018) filed under Section 33(2) read with Section 44 of the IBC, seeking liquidation of the Corporate Debtor. The Committee of Creditors (COC) resolved to proceed with liquidation due to the absence of tangible assets and a resolution plan. The COC's decision was made in a meeting held on September 27, 2018.
Govind Ram & Ors. V/s. BOP Projects Pvt. Ltd. is the case before the NCLT, New Delhi Bench. The application, CA 627/2018, was filed under Section 33(2) read with Section 44 of the Insolvency and Bankruptcy Code (IBC). The Committee of Creditors (COC) decided on September 27, 2018, to proceed with liquidation because the company had no tangible assets and no resolution plan. The COC's decision was supported by 70.5% of its members. The Resolution Professional (RP) filed an application seeking permission for liquidation. The NCLT found that liquidation was in the interest of justice and allowed the application. The RP was directed to continue as the liquidator, subject to their consent being placed on record within 2 days. The matter was listed for consent of the
…The Committee of Creditors (COC) resolved to…
Hearing before the New…