The case involves applications filed under sections 60(5)(c) and 33(2) of the Insolvency and Bankruptcy Code, 2016, pertaining to Jaydev Constructions Private Limited. The Resolution Professional sought an order for the liquidation and early dissolution of the Corporate Debtor based on a resolution passed in the 3rd CoC meeting held on 16.12.2019 with 100% voting share.
Jaydev Constructions Private Limited faced insolvency proceedings under the IBC, 2016. An application was filed for liquidation and early dissolution of the company. The Corporate Debtor had no assets. The sole Financial Creditor, Oriental Bank of Commerce, passed a resolution for liquidation. The Committee of Creditors (CoC) recommended liquidation and early dissolution. The Resolution Professional, K. Muruganandam, sought an order for liquidation. The CoC recommended a consolidated fee of ₹3,90,000/- to be paid to the RP-cum-Liquidator. The 3rd CoC meeting was held on 16.12.2019 with 100% voting share.
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Filing of CP/1461/IB/201…
3rd Committee of Creditors (CoC) meeting held…
The case involves applications filed under sections 60(5)(c) and 33(2) of the Insolvency and Bankruptcy Code, 2016, pertaining to Jaydev Constructions Private Limited. The Resolution Professional sought an order for the liquidation and early dissolution of the Corporate Debtor based on a resolution passed in the 3rd CoC meeting held on 16.12.2019 with 100% voting share.
Jaydev Constructions Private Limited faced insolvency proceedings under the IBC, 2016. An application was filed for liquidation and early dissolution of the company. The Corporate Debtor had no assets. The sole Financial Creditor, Oriental Bank of Commerce, passed a resolution for liquidation. The Committee of Creditors (CoC) recommended liquidation and early dissolution. The Resolution Professional, K. Muruganandam, sought an order for liquidation. The CoC recommended a consolidated fee of ₹3,90,000/- to be paid to the RP-cum-Liquidator. The 3rd CoC meeting was held on 16.12.2019 with 100% voting share.
Filing of CP/1461/IB/201…
3rd Committee of Creditors (CoC) meeting held…