The case pertains to C.P.(IB)No.206/BB/2018 filed by M/s. Glopore IM Services Pvt. Ltd. (Corporate Applicant) under Section 10 of the IBC, 2016, seeking initiation of CIRP. The Adjudicating Authority admitted the petition on 2019-06-26 and appointed Shri Venkataraman Jayagopal as IRP. The IRP was later appointed as RP. Due to the company's lack of assets, the CoC resolved to file for liquidation under Section 33(2) of the IB Code. The CoC approved filing an application before the NCLT for dissolution of the Corporate Debtor.
M/s. Glopore IM Services Pvt. Ltd. filed C.P.(IB)No.206/BB/2018 under Section 10 of the IBC, 2016, seeking initiation of CIRP due to a default of Rs.6,51,64,491/-. The NCLT admitted the petition on 2019-06-26 and appointed Shri Venkataraman Jayagopal as IRP. The IRP was later appointed as RP. The company had very few assets. The Committee of Creditors (CoC) resolved to file for liquidation under Section 33(2) of the IB Code. The CoC approved filing an application before the NCLT for dissolution of the Corporate Debtor. The Resolution Professional filed a report on the assets and liabilities of the company. The liquidation process was deemed to have completed under Chapter III of Part II of Code. The NCLT considered the facts and circumstances and ordered the
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C.P.(IB)No.206/BB/2018…
The Adjudicating Authority admitted the…
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The case pertains to C.P.(IB)No.206/BB/2018 filed by M/s. Glopore IM Services Pvt. Ltd. (Corporate Applicant) under Section 10 of the IBC, 2016, seeking initiation of CIRP. The Adjudicating Authority admitted the petition on 2019-06-26 and appointed Shri Venkataraman Jayagopal as IRP. The IRP was later appointed as RP. Due to the company's lack of assets, the CoC resolved to file for liquidation under Section 33(2) of the IB Code. The CoC approved filing an application before the NCLT for dissolution of the Corporate Debtor.
M/s. Glopore IM Services Pvt. Ltd. filed C.P.(IB)No.206/BB/2018 under Section 10 of the IBC, 2016, seeking initiation of CIRP due to a default of Rs.6,51,64,491/-. The NCLT admitted the petition on 2019-06-26 and appointed Shri Venkataraman Jayagopal as IRP. The IRP was later appointed as RP. The company had very few assets. The Committee of Creditors (CoC) resolved to file for liquidation under Section 33(2) of the IB Code. The CoC approved filing an application before the NCLT for dissolution of the Corporate Debtor. The Resolution Professional filed a report on the assets and liabilities of the company. The liquidation process was deemed to have completed under Chapter III of Part II of Code. The NCLT considered the facts and circumstances and ordered the
…C.P.(IB)No.206/BB/2018…
The Adjudicating Authority admitted the…
Sign in to view related legal provisions.