The case pertains to an application filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, against Gee Pee Infotech Private Limited. The State Bank of India initiated the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor.
The State Bank of India (SBI) initiated Corporate Insolvency Resolution Process (CIRP) against Gee Pee Infotech Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The petition was admitted, and a moratorium was ordered. Mr. Binay Kumar Singhania was appointed as the Interim Resolution Professional (IRP). Public announcements were made to invite claims from creditors. The IRP submitted progress reports, and the Committee of Creditors (COC) was formed. The suspended Board of Directors failed to provide necessary information, hindering the resolution process. Despite efforts to find a resolution applicant, none were forthcoming. The COC considered reissuing the EOI or proceeding with liquidation. Ultimately, the court ordered the liquidation of
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The petition was admitted, and the Corporate…
A moratorium was…
The case pertains to an application filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, against Gee Pee Infotech Private Limited. The State Bank of India initiated the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor.
The State Bank of India (SBI) initiated Corporate Insolvency Resolution Process (CIRP) against Gee Pee Infotech Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The petition was admitted, and a moratorium was ordered. Mr. Binay Kumar Singhania was appointed as the Interim Resolution Professional (IRP). Public announcements were made to invite claims from creditors. The IRP submitted progress reports, and the Committee of Creditors (COC) was formed. The suspended Board of Directors failed to provide necessary information, hindering the resolution process. Despite efforts to find a resolution applicant, none were forthcoming. The COC considered reissuing the EOI or proceeding with liquidation. Ultimately, the court ordered the liquidation of
…The petition was admitted, and the Corporate…
A moratorium was…