The case involves an application filed by the Resolution Professional under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016, seeking directions for the liquidation of the corporate debtor, M/s. Dynamic Shells (India) Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated following an application by the financial creditor, Punjab National Bank, under Section 7 of the Code. The application was admitted by the Tribunal on 27.09.2018, and Mr. Nilesh Sharma was appointed as the Interim Resolution Professional (IRP). The IRP invited claims from creditors and constituted a Committee of Creditors (CoC).
Punjab National Bank filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against M/s Dynamic Shells (India) Private Limited, the corporate debtor, leading to the initiation of the Corporate Insolvency Resolution Process (CIRP). The application was admitted on 2018-09-27. Nilesh Sharma was appointed as the Interim Resolution Professional (IRP). The IRP invited claims from creditors and formed a Committee of Creditors (CoC). The CoC convened meetings, and the IRP invited Expressions of Interest (EoI) from Prospective Resolution Applicants. Only one Prospective Resolution Applicant, Mr. Shaiendra Kumar Singhal, submitted an EoI initially. The initial 180-day CIRP period was extended by 90 days until 2019-06-24. Further EoIs were invited, and
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The Tribunal admitted the application for…
The CIRP peri…
The case involves an application filed by the Resolution Professional under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016, seeking directions for the liquidation of the corporate debtor, M/s. Dynamic Shells (India) Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated following an application by the financial creditor, Punjab National Bank, under Section 7 of the Code. The application was admitted by the Tribunal on 27.09.2018, and Mr. Nilesh Sharma was appointed as the Interim Resolution Professional (IRP). The IRP invited claims from creditors and constituted a Committee of Creditors (CoC).
Punjab National Bank filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against M/s Dynamic Shells (India) Private Limited, the corporate debtor, leading to the initiation of the Corporate Insolvency Resolution Process (CIRP). The application was admitted on 2018-09-27. Nilesh Sharma was appointed as the Interim Resolution Professional (IRP). The IRP invited claims from creditors and formed a Committee of Creditors (CoC). The CoC convened meetings, and the IRP invited Expressions of Interest (EoI) from Prospective Resolution Applicants. Only one Prospective Resolution Applicant, Mr. Shaiendra Kumar Singhal, submitted an EoI initially. The initial 180-day CIRP period was extended by 90 days until 2019-06-24. Further EoIs were invited, and
…The Tribunal admitted the application for…
The CIRP peri…