The case involves an application filed by the Resolution Professional (RP) under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking an order for the liquidation of the corporate debtor, M/s I.E. Trading Company Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated following an application by the Operational Creditor, M/s Stores Supply (India) Agency, under Section 9 of the Code. The application was admitted by the tribunal on 13.07.2018, and Mr. Sanjay Agarwal was appointed as the Interim Resolution Professional (IRP). The IRP constituted a Committee of Creditors (CoC), comprising the sole financial creditor, the applicant. The CoC, in its meeting on 16.08.2018, appointed the IRP as the Resolution Professional (RP).
M/s Stores Supply (India) Agency, the operational creditor, initiated Corporate Insolvency Resolution Process (CIRP) against M/s I.E. Trading Company Private Limited, the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The application was admitted on 13.07.2018, and Sanjay Agarwal was appointed as the Interim Resolution Professional (IRP). The IRP formed a Committee of Creditors (CoC), consisting of the sole financial creditor, the applicant. In a meeting held on 16.08.2018, the CoC appointed the IRP as the Resolution Professional (RP). The CoC, after due consideration, concluded that there were no business operations, tangible assets (except a disputed book debt), and no possibility of resolution applicants. The CoC unanimously
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Application under Section 9 of IBC by M/s…
Mr. Sanjay Agarwal…
The case involves an application filed by the Resolution Professional (RP) under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking an order for the liquidation of the corporate debtor, M/s I.E. Trading Company Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated following an application by the Operational Creditor, M/s Stores Supply (India) Agency, under Section 9 of the Code. The application was admitted by the tribunal on 13.07.2018, and Mr. Sanjay Agarwal was appointed as the Interim Resolution Professional (IRP). The IRP constituted a Committee of Creditors (CoC), comprising the sole financial creditor, the applicant. The CoC, in its meeting on 16.08.2018, appointed the IRP as the Resolution Professional (RP).
M/s Stores Supply (India) Agency, the operational creditor, initiated Corporate Insolvency Resolution Process (CIRP) against M/s I.E. Trading Company Private Limited, the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The application was admitted on 13.07.2018, and Sanjay Agarwal was appointed as the Interim Resolution Professional (IRP). The IRP formed a Committee of Creditors (CoC), consisting of the sole financial creditor, the applicant. In a meeting held on 16.08.2018, the CoC appointed the IRP as the Resolution Professional (RP). The CoC, after due consideration, concluded that there were no business operations, tangible assets (except a disputed book debt), and no possibility of resolution applicants. The CoC unanimously
…Application under Section 9 of IBC by M/s…
Mr. Sanjay Agarwal…