The case involves an application filed under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, by the Resolution Professional (RP) seeking a liquidation order. The Committee of Creditors (CoC) passed a resolution in its 6th meeting on 28.01.2021 to initiate liquidation, as they deemed the resolution plans received to be not feasible and viable. The Corporate Insolvency Resolution Process (CIRP) was initiated, and the applicant was appointed as the Interim Resolution Professional (IRP). The IRP invited claims from creditors and constituted a CoC consisting of only one financial creditor, LIC Housing Finance Limited. The IRP was later appointed as RP. The RP prepared an Information Memorandum and apprised the CoC.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Durha Vitrak Pvt. Ltd. LIC Housing Finance Ltd. is the financial creditor. An application was filed under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking a liquidation order. The Committee of Creditors (CoC) resolved to initiate liquidation in its 6th meeting held on 28.01.2021, finding the resolution plans unfeasible. The CIRP was admitted on 08.11.2019. The applicant was appointed as IRP and later as RP. The CoC consisted of only one financial creditor, LIC Housing Finance Limited. The RP prepared an Information Memorandum. The Form G was issued and re-issued. The CIR period was extended. The resolution professional received an expression of interest from 4 prospective
…Sign in to view the parties.
(IB)-470(ND)/2…
IRP was appointed as RP…
The case involves an application filed under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, by the Resolution Professional (RP) seeking a liquidation order. The Committee of Creditors (CoC) passed a resolution in its 6th meeting on 28.01.2021 to initiate liquidation, as they deemed the resolution plans received to be not feasible and viable. The Corporate Insolvency Resolution Process (CIRP) was initiated, and the applicant was appointed as the Interim Resolution Professional (IRP). The IRP invited claims from creditors and constituted a CoC consisting of only one financial creditor, LIC Housing Finance Limited. The IRP was later appointed as RP. The RP prepared an Information Memorandum and apprised the CoC.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Durha Vitrak Pvt. Ltd. LIC Housing Finance Ltd. is the financial creditor. An application was filed under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking a liquidation order. The Committee of Creditors (CoC) resolved to initiate liquidation in its 6th meeting held on 28.01.2021, finding the resolution plans unfeasible. The CIRP was admitted on 08.11.2019. The applicant was appointed as IRP and later as RP. The CoC consisted of only one financial creditor, LIC Housing Finance Limited. The RP prepared an Information Memorandum. The Form G was issued and re-issued. The CIR period was extended. The resolution professional received an expression of interest from 4 prospective
…(IB)-470(ND)/2…
IRP was appointed as RP…