The Corporate Insolvency Resolution Process (CIRP) was initiated against Enestee Engineering Limited, the Corporate Debtor, based on a Section 9 petition filed by the Financial Creditor. Mr. Atul Rajwadkar was appointed as the Interim Resolution Professional (IRP). Public announcement was made to invite claims from creditors. Several meetings of the Committee of Creditors (CoC) were held to discuss the resolution plan. Despite multiple extensions, no resolution plan was received.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Enestee Engineering Limited on 17.09.2019, following a Section 9 petition by the Financial Creditor. Mr. Atul Rajwadkar was appointed as the Interim Resolution Professional (IRP). A public announcement was made on 30.09.2019. Claims from 139 Operational Creditors amounting to INR 43,17,19,096.55/- and claims from 80 workmen and employees amounting to INR 58,11,044/- were admitted. The first CoC meeting was held on 25.10.2019, confirming Mr. Atul Rajwadkar as the Resolution Professional (RP). Subsequent CoC meetings were held to discuss and extend the deadline for submitting a resolution plan. Despite multiple extensions, no resolution plan was received. The CoC then decided to liquidate the
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Corporate Insolvency Resolution Process (CIRP)…
The Applicant made the public announcement…
The Corporate Insolvency Resolution Process (CIRP) was initiated against Enestee Engineering Limited, the Corporate Debtor, based on a Section 9 petition filed by the Financial Creditor. Mr. Atul Rajwadkar was appointed as the Interim Resolution Professional (IRP). Public announcement was made to invite claims from creditors. Several meetings of the Committee of Creditors (CoC) were held to discuss the resolution plan. Despite multiple extensions, no resolution plan was received.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Enestee Engineering Limited on 17.09.2019, following a Section 9 petition by the Financial Creditor. Mr. Atul Rajwadkar was appointed as the Interim Resolution Professional (IRP). A public announcement was made on 30.09.2019. Claims from 139 Operational Creditors amounting to INR 43,17,19,096.55/- and claims from 80 workmen and employees amounting to INR 58,11,044/- were admitted. The first CoC meeting was held on 25.10.2019, confirming Mr. Atul Rajwadkar as the Resolution Professional (RP). Subsequent CoC meetings were held to discuss and extend the deadline for submitting a resolution plan. Despite multiple extensions, no resolution plan was received. The CoC then decided to liquidate the
…Corporate Insolvency Resolution Process (CIRP)…
The Applicant made the public announcement…