The case involves an application filed by the Resolution Professional (RP) under Section 33(1) of the Insolvency and Bankruptcy Code, 2016, seeking directions for the liquidation of the Corporate Debtor (CD), Jarvis Infratech Private Limited. The Financial Creditor, Noble Co-operative Bank Limited, had previously filed an application under Section 7 of the Code for initiating Corporate Insolvency Resolution Process (CIRP) against the CD, which was admitted on 2020-02-10. The RP published Form-G to invite Expression of Interest (EOI) from prospective Resolution Applicants, but no EOI was received. The Committee of Creditors (CoC) decided to liquidate the CD in its 4th meeting held on 2020-12-07 with 100% voting share.
Noble Co-operative Bank Limited, the Financial Creditor (FC), initiated Corporate Insolvency Resolution Process (CIRP) against Jarvis Infratech Private Limited, the Corporate Debtor (CD), under Section 7 of the Insolvency and Bankruptcy Code (IBC). The CIRP was initiated on 2020-02-10. Mr. Dinesh Kumar Gupta was appointed as the Interim Resolution Professional (IRP). The IRP made a public announcement and constituted a Committee of Creditors (CoC). The applicant was later appointed as the Resolution Professional (RP). The RP published Form-G on 2020-10-28 to invite Expression of Interest (EOI) from prospective Resolution Applicants, but no EOI was received. The suspended directors of the CD were not cooperating, and the CD had no operational business. The CoC decided
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Corporate Insolvency Resolution Process (CIRP)…
Form-G published to invite Expression of…
The case involves an application filed by the Resolution Professional (RP) under Section 33(1) of the Insolvency and Bankruptcy Code, 2016, seeking directions for the liquidation of the Corporate Debtor (CD), Jarvis Infratech Private Limited. The Financial Creditor, Noble Co-operative Bank Limited, had previously filed an application under Section 7 of the Code for initiating Corporate Insolvency Resolution Process (CIRP) against the CD, which was admitted on 2020-02-10. The RP published Form-G to invite Expression of Interest (EOI) from prospective Resolution Applicants, but no EOI was received. The Committee of Creditors (CoC) decided to liquidate the CD in its 4th meeting held on 2020-12-07 with 100% voting share.
Noble Co-operative Bank Limited, the Financial Creditor (FC), initiated Corporate Insolvency Resolution Process (CIRP) against Jarvis Infratech Private Limited, the Corporate Debtor (CD), under Section 7 of the Insolvency and Bankruptcy Code (IBC). The CIRP was initiated on 2020-02-10. Mr. Dinesh Kumar Gupta was appointed as the Interim Resolution Professional (IRP). The IRP made a public announcement and constituted a Committee of Creditors (CoC). The applicant was later appointed as the Resolution Professional (RP). The RP published Form-G on 2020-10-28 to invite Expression of Interest (EOI) from prospective Resolution Applicants, but no EOI was received. The suspended directors of the CD were not cooperating, and the CD had no operational business. The CoC decided
…Corporate Insolvency Resolution Process (CIRP)…
Form-G published to invite Expression of…