The application IA No. 2265/2023 was filed by Sandeep Goel, the Resolution Professional of Him Cylinders Limited, seeking liquidation of the Corporate Debtor under Section 33(1) of the Insolvency and Bankruptcy Code, 2016.
An insolvency petition under Section 7 of the Code was filed by Syndicate Bank (Financial Creditor) against Him Cylinders Limited, which was admitted on 22.11.2022.
Reshma Mittal was initially appointed as the Interim Resolution Professional (IRP) but was later replaced by Sandeep Goel.
The Committee of Creditors (CoC) comprised only one member, Canara Bank (Erstwhile Syndicate Bank), holding 100% voting share.
The CoC approved inviting Expression of Interest (Eol) in Form – G, but no resolution plan was received by the submission deadline.
The CoC decided to liquidate the Corporate Debtor and appointed Sandeep Goel as the liquidator.
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The application IA No. 2265/2023 was filed by Sandeep Goel, the Resolution Professional of Him Cylinders Limited, seeking liquidation of the Corporate Debtor under Section 33(1) of the Insolvency and Bankruptcy Code, 2016.
An insolvency petition under Section 7 of the Code was filed by Syndicate Bank (Financial Creditor) against Him Cylinders Limited, which was admitted on 22.11.2022.
Reshma Mittal was initially appointed as the Interim Resolution Professional (IRP) but was later replaced by Sandeep Goel.
The Committee of Creditors (CoC) comprised only one member, Canara Bank (Erstwhile Syndicate Bank), holding 100% voting share.
The CoC approved inviting Expression of Interest (Eol) in Form – G, but no resolution plan was received by the submission deadline.
The CoC decided to liquidate the Corporate Debtor and appointed Sandeep Goel as the liquidator.
…Main matt…
Corporate d…