The case pertains to an Interlocutory Application (IA 476 of 2020) filed by the Resolution Professional (RP) seeking an order for the liquidation of the Corporate Debtor, M/s. Eagle Cotton Private Limited, under Sections 33(1), 33(2), 34(1), and 60(5) of the Insolvency and Bankruptcy Code (IBC), 2016. The RP also requested the exclusion of 68 days from the CIRP period due to the lockdown imposed between March 25, 2020, and May 31, 2020. The Corporate Debtor was admitted into the Corporate Insolvency Resolution Process (CIRP) on July 19, 2019, following an application filed by the Financial Creditor, Bank of India, under Section 7 of the IBC, 2016. Chandra Prakash Jain was initially appointed as the Interim Resolution Professional (IRP).
The Corporate Debtor, M/s. Eagle Cotton Private Limited, was admitted into CIRP on 19.07.2019 based on an application by the Financial Creditor, Bank of India, under Section 7 of the IBC, 2016. Chandra Prakash Jain was appointed as the Interim Resolution Professional (IRP). The IRP made a public announcement and constituted the Committee of Creditors (COC), with Bank of India as the sole member holding 100% voting rights. The former RP published Expressions of Interest (EOIs) on 08.11.2019, as instructed by the COC, but no resolution plan was received. The COC decided to re-publish the EOI with revised eligibility criteria on 09.12.2019 and replace the former RP with Pradeep Kabra. The appointment of Pradeep Kabra was confirmed by the Adjudicating Authority. An
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Corporate Debtor admitted into Corporate…
Form-A constituted the COC wherein "Bank of…
The case pertains to an Interlocutory Application (IA 476 of 2020) filed by the Resolution Professional (RP) seeking an order for the liquidation of the Corporate Debtor, M/s. Eagle Cotton Private Limited, under Sections 33(1), 33(2), 34(1), and 60(5) of the Insolvency and Bankruptcy Code (IBC), 2016. The RP also requested the exclusion of 68 days from the CIRP period due to the lockdown imposed between March 25, 2020, and May 31, 2020. The Corporate Debtor was admitted into the Corporate Insolvency Resolution Process (CIRP) on July 19, 2019, following an application filed by the Financial Creditor, Bank of India, under Section 7 of the IBC, 2016. Chandra Prakash Jain was initially appointed as the Interim Resolution Professional (IRP).
The Corporate Debtor, M/s. Eagle Cotton Private Limited, was admitted into CIRP on 19.07.2019 based on an application by the Financial Creditor, Bank of India, under Section 7 of the IBC, 2016. Chandra Prakash Jain was appointed as the Interim Resolution Professional (IRP). The IRP made a public announcement and constituted the Committee of Creditors (COC), with Bank of India as the sole member holding 100% voting rights. The former RP published Expressions of Interest (EOIs) on 08.11.2019, as instructed by the COC, but no resolution plan was received. The COC decided to re-publish the EOI with revised eligibility criteria on 09.12.2019 and replace the former RP with Pradeep Kabra. The appointment of Pradeep Kabra was confirmed by the Adjudicating Authority. An
…Corporate Debtor admitted into Corporate…
Form-A constituted the COC wherein "Bank of…