The case pertains to IA No. 119/JPR/2020 filed by the Resolution Professional (RP) of G.P Cottfab Private Limited under Sections 33 and 34 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Liquidation Proceedings against the Corporate Debtor, G.P Cottfab Private Limited. The Adjudicating Authority had admitted the application filed by M/s Sona Processors (India) Limited under Section 9 of the Code for initiation of Corporate Insolvency Resolution Process (CIRP) of the Corporate Debtor and appointed Mr. Prashant Aggarwal as the Interim Resolution Professional (IRP). The CoC was constituted, and in its first meeting, it unanimously resolved to replace the IRP, leading to the appointment of Ms. Sarita Duck as the Resolution Professional. The RP had
…M/s Sona Processors (India) Limited initiated Corporate Insolvency Resolution Process (CIRP) against G.P. Cottfab Private Limited under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The application was admitted on 12.09.2019. Mr. Prashant Aggarwal was initially appointed as the Interim Resolution Professional (IRP), but the Committee of Creditors (CoC) later replaced him with Ms. Sarita Duck. The RP appointed five registered valuers to assess the Corporate Debtor's assets. The IRP had issued Form G on 26.11.2019, inviting Expressions of Interest (EOI) from prospective resolution applicants. The deadline for submitting the EOI was 16.12.2019, and the deadline for submitting the resolution plan was 30.01.2020. No resolution plan was received by 16.12.2019,
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Application filed by M/s Sona Processors…
IRP effected publication of Form G and…
The case pertains to IA No. 119/JPR/2020 filed by the Resolution Professional (RP) of G.P Cottfab Private Limited under Sections 33 and 34 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Liquidation Proceedings against the Corporate Debtor, G.P Cottfab Private Limited. The Adjudicating Authority had admitted the application filed by M/s Sona Processors (India) Limited under Section 9 of the Code for initiation of Corporate Insolvency Resolution Process (CIRP) of the Corporate Debtor and appointed Mr. Prashant Aggarwal as the Interim Resolution Professional (IRP). The CoC was constituted, and in its first meeting, it unanimously resolved to replace the IRP, leading to the appointment of Ms. Sarita Duck as the Resolution Professional. The RP had
…M/s Sona Processors (India) Limited initiated Corporate Insolvency Resolution Process (CIRP) against G.P. Cottfab Private Limited under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The application was admitted on 12.09.2019. Mr. Prashant Aggarwal was initially appointed as the Interim Resolution Professional (IRP), but the Committee of Creditors (CoC) later replaced him with Ms. Sarita Duck. The RP appointed five registered valuers to assess the Corporate Debtor's assets. The IRP had issued Form G on 26.11.2019, inviting Expressions of Interest (EOI) from prospective resolution applicants. The deadline for submitting the EOI was 16.12.2019, and the deadline for submitting the resolution plan was 30.01.2020. No resolution plan was received by 16.12.2019,
…Application filed by M/s Sona Processors…
IRP effected publication of Form G and…