SNK Rolling Bearing, an Operational Creditor, initiated CIRP against Hoshiar Nirvair Tractors Private Limited under Section 9 of the IBC.

Mr. Sanjay Arora was initially appointed as the Interim Resolution Professional (IRP).

The CoC approved the appointment of Mr. Parminder Singh Bhullar as the Resolution Professional (RP) with 100% voting shares, replacing Mr. Sanjay Arora.

Despite publishing Form G twice, no Expression of Interest (EOI) was received from any interested resolution applicant.

The Corporate Debtor possesses land, building, plant, and machinery, which were valued by appointed valuers.

The CoC, in its 8th meeting, approved the liquidation of the Corporate Debtor with 100% votes due to the absence of a resolution plan.

SNK Rolling Bearing, an Operational Creditor, initiated CIRP against Hoshiar Nirvair Tractors Private Limited under Section 9 of the IBC.

Mr. Sanjay Arora was initially appointed as the Interim Resolution Professional (IRP).

The CoC approved the appointment of Mr. Parminder Singh Bhullar as the Resolution Professional (RP) with 100% voting shares, replacing Mr. Sanjay Arora.

Despite publishing Form G twice, no Expression of Interest (EOI) was received from any interested resolution applicant.

The Corporate Debtor possesses land, building, plant, and machinery, which were valued by appointed valuers.

The CoC, in its 8th meeting, approved the liquidation of the Corporate Debtor with 100% votes due to the absence of a resolution plan.