The case involves an application filed by the Resolution Professional seeking liquidation of Jhelum Industries Pvt. Ltd., the Corporate Debtor. The Corporate Debtor was initially put under the Corporate Insolvency Resolution Process (CIRP) following an application under Section 9 of the Insolvency and Bankruptcy Code (IBC). Pranav Damania was appointed as the Interim Resolution Professional (IRP). Public announcement was made, inviting creditors to submit their claims. The IRP was later confirmed as the Resolution Professional by the Committee of Creditors (CoC).
Jhelum Industries Pvt. Ltd. was undergoing Corporate Insolvency Resolution Process (CIRP) initiated under Section 9 of the Insolvency and Bankruptcy Code (IBC). Pranav Damania was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional. A public announcement was made, inviting creditors to submit their claims. The Committee of Creditors (CoC) held a meeting on December 29, 2017, to discuss the possibility of a revival plan for the Corporate Debtor. After considering various aspects, the CoC concluded that there was no scope for revival and decided to liquidate the Corporate Debtor under Section 33(2) of the IBC. The Resolution Professional then filed an application seeking liquidation of the Corporate Debtor. The
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The Adjudicating Authority passed an order…
The IRP issued a public advertisement in Form…
The case involves an application filed by the Resolution Professional seeking liquidation of Jhelum Industries Pvt. Ltd., the Corporate Debtor. The Corporate Debtor was initially put under the Corporate Insolvency Resolution Process (CIRP) following an application under Section 9 of the Insolvency and Bankruptcy Code (IBC). Pranav Damania was appointed as the Interim Resolution Professional (IRP). Public announcement was made, inviting creditors to submit their claims. The IRP was later confirmed as the Resolution Professional by the Committee of Creditors (CoC).
Jhelum Industries Pvt. Ltd. was undergoing Corporate Insolvency Resolution Process (CIRP) initiated under Section 9 of the Insolvency and Bankruptcy Code (IBC). Pranav Damania was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional. A public announcement was made, inviting creditors to submit their claims. The Committee of Creditors (CoC) held a meeting on December 29, 2017, to discuss the possibility of a revival plan for the Corporate Debtor. After considering various aspects, the CoC concluded that there was no scope for revival and decided to liquidate the Corporate Debtor under Section 33(2) of the IBC. The Resolution Professional then filed an application seeking liquidation of the Corporate Debtor. The
…The Adjudicating Authority passed an order…
The IRP issued a public advertisement in Form…