The case involves an application filed under Section 33(2) of the Insolvency and Bankruptcy Code (IBC), 2016, read with the IBBI (Liquidation Process) Regulations, 2016, seeking an order for the liquidation of Hindupur Bio-Energy Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor following the admission of a petition under Section 7 of the IBC filed by KSK Electricity Financing India Private Limited. The Interim Resolution Professional (IRP) was appointed, and a public announcement was made inviting claims from creditors. The Committee of Creditors (CoC) was constituted, and the IRP was confirmed as the Resolution Professional (RP).
On 2020-03-16, the NCLT admitted a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by KSK Electricity Financing India Private Limited against Hindupur Bio-Energy Private Limited, initiating the Corporate Insolvency Resolution Process (CIRP). Mrs. Narala Varalakshmi was appointed as the Interim Resolution Professional (IRP). A public announcement was issued on 2020-03-18, inviting claims from creditors, with a deadline of 2020-03-30. Only one claim was received from the Financial Creditor, amounting to Rs. 5,38,47,177. The Committee of Creditors (CoC) was constituted, and on 2020-07-16, the IRP was confirmed as the Resolution Professional (RP). Due to a slowdown in the power sector, Hindupur Bio-Energy Private Limited was unable to continue
…Sign in to view the parties.
Petition under Section 7 of IBC filed by KSK…
Public announcement was…
The case involves an application filed under Section 33(2) of the Insolvency and Bankruptcy Code (IBC), 2016, read with the IBBI (Liquidation Process) Regulations, 2016, seeking an order for the liquidation of Hindupur Bio-Energy Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor following the admission of a petition under Section 7 of the IBC filed by KSK Electricity Financing India Private Limited. The Interim Resolution Professional (IRP) was appointed, and a public announcement was made inviting claims from creditors. The Committee of Creditors (CoC) was constituted, and the IRP was confirmed as the Resolution Professional (RP).
On 2020-03-16, the NCLT admitted a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by KSK Electricity Financing India Private Limited against Hindupur Bio-Energy Private Limited, initiating the Corporate Insolvency Resolution Process (CIRP). Mrs. Narala Varalakshmi was appointed as the Interim Resolution Professional (IRP). A public announcement was issued on 2020-03-18, inviting claims from creditors, with a deadline of 2020-03-30. Only one claim was received from the Financial Creditor, amounting to Rs. 5,38,47,177. The Committee of Creditors (CoC) was constituted, and on 2020-07-16, the IRP was confirmed as the Resolution Professional (RP). Due to a slowdown in the power sector, Hindupur Bio-Energy Private Limited was unable to continue
…Petition under Section 7 of IBC filed by KSK…
Public announcement was…