The case involves an application moved by the Resolution Professional (RP) under Section 33(2) of the Insolvency and Bankruptcy Code (IBC) for the liquidation of the corporate debtor. The application is based on a resolution passed by the Committee of Creditors (CoC) with 71.39% voting share in its 11th meeting held on July 30, 2019. The Corporate Insolvency Resolution Process (CIRP) was initiated, and an Interim Resolution Professional (IRP) was appointed. The IRP issued a public announcement inviting claims from creditors, receiving 732 claims with an aggregated value of 172 crores. The CoC was constituted, and the IRP was confirmed as the RP. The RP appointed two valuers for valuing the liquidation of the company.
An application was filed under Section 33(2) of the Insolvency and Bankruptcy Code (IBC) for the liquidation of Earth Iconoic Infrastructures Pvt. Ltd. The application was based on a resolution passed by the Committee of Creditors (CoC) with a 71.39% voting share. The Corporate Insolvency Resolution Process (CIRP) was initiated, and Mr. Yogesh Gupta was appointed as the Interim Resolution Professional (IRP). The IRP issued a public announcement inviting claims from creditors, receiving 732 claims with an aggregated value of Rs. 172 crores. The CoC was constituted, and the IRP was confirmed as the Resolution Professional (RP). The RP appointed two valuers to value the company's liquidation, determining the liquidation value to be Rs. 57.67 crores. Mr. Yogesh Gupta was
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Corporate Process was…
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The case involves an application moved by the Resolution Professional (RP) under Section 33(2) of the Insolvency and Bankruptcy Code (IBC) for the liquidation of the corporate debtor. The application is based on a resolution passed by the Committee of Creditors (CoC) with 71.39% voting share in its 11th meeting held on July 30, 2019. The Corporate Insolvency Resolution Process (CIRP) was initiated, and an Interim Resolution Professional (IRP) was appointed. The IRP issued a public announcement inviting claims from creditors, receiving 732 claims with an aggregated value of 172 crores. The CoC was constituted, and the IRP was confirmed as the RP. The RP appointed two valuers for valuing the liquidation of the company.
An application was filed under Section 33(2) of the Insolvency and Bankruptcy Code (IBC) for the liquidation of Earth Iconoic Infrastructures Pvt. Ltd. The application was based on a resolution passed by the Committee of Creditors (CoC) with a 71.39% voting share. The Corporate Insolvency Resolution Process (CIRP) was initiated, and Mr. Yogesh Gupta was appointed as the Interim Resolution Professional (IRP). The IRP issued a public announcement inviting claims from creditors, receiving 732 claims with an aggregated value of Rs. 172 crores. The CoC was constituted, and the IRP was confirmed as the Resolution Professional (RP). The RP appointed two valuers to value the company's liquidation, determining the liquidation value to be Rs. 57.67 crores. Mr. Yogesh Gupta was
…Corporate Process was…
The Committee of…