The case involves an application filed under Sections 33(1), 33(2), and 34(1) of the Insolvency & Bankruptcy Code seeking an order for the liquidation of the Corporate Debtor Company, Harsh Polymers (India) Ltd. The Adjudicating Authority had previously commenced the CIRP on 24.10.2018 following a petition filed by Shree Krishna Offset (Operational Creditor). CA Ms. Bhavi Shreyansh Shah was appointed as the Resolution Professional (RP) and later confirmed by the Committee of Creditors (CoC).
Shree Krishna Offset (Operational Creditor) filed a petition under the IB Code, leading to the commencement of the Corporate Insolvency Resolution Process (CIRP) for Harsh Polymers (India) Ltd on 2018-10-24. Bhavi Shreyansh Shah was appointed as the Resolution Professional (RP). The Committee of Creditors (CoC) held its third meeting on 2019-03-13 and resolved that there was no possibility of a resolution plan for the Corporate Debtor. Consequently, the CoC decided to pursue liquidation and retain Bhavi Shreyansh Shah as the liquidator. The CIRP period of 180 days had already expired. An application (IA 449 of 2019) was filed seeking directions for liquidation. The Adjudicating Authority considered the CoC's decision and the contents of the application and documents,
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CIRP commenced for Harsh Polymers (India) Ltd…
The Committee of Creditors (CoC) resolved that…
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The case involves an application filed under Sections 33(1), 33(2), and 34(1) of the Insolvency & Bankruptcy Code seeking an order for the liquidation of the Corporate Debtor Company, Harsh Polymers (India) Ltd. The Adjudicating Authority had previously commenced the CIRP on 24.10.2018 following a petition filed by Shree Krishna Offset (Operational Creditor). CA Ms. Bhavi Shreyansh Shah was appointed as the Resolution Professional (RP) and later confirmed by the Committee of Creditors (CoC).
Shree Krishna Offset (Operational Creditor) filed a petition under the IB Code, leading to the commencement of the Corporate Insolvency Resolution Process (CIRP) for Harsh Polymers (India) Ltd on 2018-10-24. Bhavi Shreyansh Shah was appointed as the Resolution Professional (RP). The Committee of Creditors (CoC) held its third meeting on 2019-03-13 and resolved that there was no possibility of a resolution plan for the Corporate Debtor. Consequently, the CoC decided to pursue liquidation and retain Bhavi Shreyansh Shah as the liquidator. The CIRP period of 180 days had already expired. An application (IA 449 of 2019) was filed seeking directions for liquidation. The Adjudicating Authority considered the CoC's decision and the contents of the application and documents,
…CIRP commenced for Harsh Polymers (India) Ltd…
The Committee of Creditors (CoC) resolved that…
Sign in to view related legal provisions.