This petition was filed by the Resolution Professional under Regulation 33(1) of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the liquidation process for the Corporate Debtor, ICOAT Projects Private Limited, and to appoint Mr. Murali Mohan Chevuturi as the Liquidator. The Corporate Debtor had previously been admitted into the Corporate Insolvency Resolution Process (CIRP) by an order dated March 23, 2022, following a petition filed under Section 9 of the IBC by an Operational Creditor. The Operational Creditor had failed to propose an Interim Resolution Professional, leading the Tribunal to appoint Mr. Murali Mohan Chevuturi in that role.
The Corporate Debtor, ICOAT Projects Pvt Ltd, was admitted into the Corporate Insolvency Resolution Process (CIRP) by an order dated March 23, 2022, under section 9 of the Insolvency and Bankruptcy Code 2016. The Operational Creditor failed to propose an Interim Resolution Professional, leading the Tribunal to appoint Mr. Murali Mohan Chevuturi as the Interim Resolution Professional, as per section 16(3)(a) of IBC.
The Resolution Professional made a public announcement on April 30, 2022, inviting claims and subsequently constituted the Committee of Creditors (CoC) on May 20, 2022. In the 3rd CoC meeting on July 13, 2022, Mr. Murali Mohan Chevuturi was appointed as the Resolution Professional to continue the CIRP proceedings.
…The Tribunal allowed the Company Petition…
The Resolution Professional made a public…
This petition was filed by the Resolution Professional under Regulation 33(1) of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the liquidation process for the Corporate Debtor, ICOAT Projects Private Limited, and to appoint Mr. Murali Mohan Chevuturi as the Liquidator. The Corporate Debtor had previously been admitted into the Corporate Insolvency Resolution Process (CIRP) by an order dated March 23, 2022, following a petition filed under Section 9 of the IBC by an Operational Creditor. The Operational Creditor had failed to propose an Interim Resolution Professional, leading the Tribunal to appoint Mr. Murali Mohan Chevuturi in that role.
The Corporate Debtor, ICOAT Projects Pvt Ltd, was admitted into the Corporate Insolvency Resolution Process (CIRP) by an order dated March 23, 2022, under section 9 of the Insolvency and Bankruptcy Code 2016. The Operational Creditor failed to propose an Interim Resolution Professional, leading the Tribunal to appoint Mr. Murali Mohan Chevuturi as the Interim Resolution Professional, as per section 16(3)(a) of IBC.
The Resolution Professional made a public announcement on April 30, 2022, inviting claims and subsequently constituted the Committee of Creditors (CoC) on May 20, 2022. In the 3rd CoC meeting on July 13, 2022, Mr. Murali Mohan Chevuturi was appointed as the Resolution Professional to continue the CIRP proceedings.
…The Tribunal allowed the Company Petition…
The Resolution Professional made a public…