The case involves an application (MA/303/2018) filed in CP/577/IB/CB/2017 by the Resolution Professional, Mr. S. Dhanapal, under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016, seeking an order for liquidation of the Corporate Debtor, M/s. Hallmark Living Space Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated following an application under Section 9 of the I&B Code, 2016, by the Operational Creditor, M/s. Larsen & Toubro Limited, which was admitted on 26.09.2017. Despite efforts to find a resolution plan, none were received within the stipulated time.
M/s. Larsen & Toubro Limited, an Operational Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against M/s. Hallmark Living Space Private Limited, the Corporate Debtor, under Section 9 of the I&B Code, 2016. The application was admitted on 26.09.2017, and CIRP was initiated. Mr. S. Dhanapal was appointed as the Interim Resolution Professional (IRP). The Committee of Creditors (CoCs) was constituted, and in its first meeting on 25.10.2017, they proposed to appoint Mr. S. Dhanapal as the Resolution Professional. Invitations for Expression of Interest (EoI) were advertised on 26.12.2017 and 28.12.2017, with a submission deadline of 18.01.2018. One Resolution Applicant showed interest, but no Resolution Plan was received. The CoCs approved an
…Sign in to view the parties.
The application under Section 9 of the I&B…
The Committee of Creditors (CoCs) held its…
The case involves an application (MA/303/2018) filed in CP/577/IB/CB/2017 by the Resolution Professional, Mr. S. Dhanapal, under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016, seeking an order for liquidation of the Corporate Debtor, M/s. Hallmark Living Space Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated following an application under Section 9 of the I&B Code, 2016, by the Operational Creditor, M/s. Larsen & Toubro Limited, which was admitted on 26.09.2017. Despite efforts to find a resolution plan, none were received within the stipulated time.
M/s. Larsen & Toubro Limited, an Operational Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against M/s. Hallmark Living Space Private Limited, the Corporate Debtor, under Section 9 of the I&B Code, 2016. The application was admitted on 26.09.2017, and CIRP was initiated. Mr. S. Dhanapal was appointed as the Interim Resolution Professional (IRP). The Committee of Creditors (CoCs) was constituted, and in its first meeting on 25.10.2017, they proposed to appoint Mr. S. Dhanapal as the Resolution Professional. Invitations for Expression of Interest (EoI) were advertised on 26.12.2017 and 28.12.2017, with a submission deadline of 18.01.2018. One Resolution Applicant showed interest, but no Resolution Plan was received. The CoCs approved an
…The application under Section 9 of the I&B…
The Committee of Creditors (CoCs) held its…