The case involves an application filed under Section 33 of the Insolvency and Bankruptcy Code, 2016, by the Resolution Professional (RP) seeking a liquidation order for Dev Denso Power Limited. The RP also requested to be appointed as the liquidator. The CoC had passed a resolution for liquidation in its 7th meeting held on 2019-12-04 with a requisite majority. The Tribunal admitted the case on 2019-06-11, and the applicant was appointed as IRP and subsequently confirmed as RP. During the Corporate Insolvency Resolution Process (CIRP), seven meetings were held. Form A was published in newspapers on 2019-06-13, and Form G was published on 2019-08-15, inviting Eols from prospective resolution applicants. The time to receive Eols was extended three times, but no
…Oriental Bank of Commerce initiated insolvency proceedings against Dev Denso Power Limited under the Insolvency and Bankruptcy Code, 2016. The application was filed under Section 33 of the IBC. The Corporate Insolvency Resolution Process (CIRP) commenced, and Pooja Bahry was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). During the CIRP, seven meetings were conducted. Despite extending the deadline for receiving Expressions of Interest (Eols) from prospective resolution applicants multiple times, no resolution plan was received. Consequently, the Committee of Creditors (CoC) voted with 100% share to liquidate the Corporate Debtor. The 7th CoC meeting was held on 2019-12-04. The Tribunal admitted the case
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This (IB)-81(PB)/2019…
The case involves an application filed under Section 33 of the Insolvency and Bankruptcy Code, 2016, by the Resolution Professional (RP) seeking a liquidation order for Dev Denso Power Limited. The RP also requested to be appointed as the liquidator. The CoC had passed a resolution for liquidation in its 7th meeting held on 2019-12-04 with a requisite majority. The Tribunal admitted the case on 2019-06-11, and the applicant was appointed as IRP and subsequently confirmed as RP. During the Corporate Insolvency Resolution Process (CIRP), seven meetings were held. Form A was published in newspapers on 2019-06-13, and Form G was published on 2019-08-15, inviting Eols from prospective resolution applicants. The time to receive Eols was extended three times, but no
…Oriental Bank of Commerce initiated insolvency proceedings against Dev Denso Power Limited under the Insolvency and Bankruptcy Code, 2016. The application was filed under Section 33 of the IBC. The Corporate Insolvency Resolution Process (CIRP) commenced, and Pooja Bahry was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). During the CIRP, seven meetings were conducted. Despite extending the deadline for receiving Expressions of Interest (Eols) from prospective resolution applicants multiple times, no resolution plan was received. Consequently, the Committee of Creditors (CoC) voted with 100% share to liquidate the Corporate Debtor. The 7th CoC meeting was held on 2019-12-04. The Tribunal admitted the case
…Applications f…
This (IB)-81(PB)/2019…