The case pertains to C.P.(IB) No. 221/KB/2018 filed by Mr. Rakesh Pandey, a Financial Creditor, under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. JHV Distilleries & Sugar Mills Limited, the Corporate Debtor. The application was admitted on 2018-05-08, and Mr. Alok Kumar Kuchhal was appointed as the Interim Resolution Professional (IRP). Subsequently, the Committee of Creditors (CoC) replaced Mr. Kuchhal with Mr. Shravan Kumar Vishnoi as the Resolution Professional (RP). However, Mr. Vishnoi was unable to find a Resolution Applicant to take over the Corporate Debtor's stressed assets.
Mr. Rakesh Pandey, a Financial Creditor, filed C.P.(IB) No. 221/KB/2018 under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against M/s. JHV Distilleries & Sugar Mills Limited. The application was admitted on 2018-05-08. Mr. Alok Kumar Kuchhal was initially appointed as the Interim Resolution Professional (IRP), but was later replaced by Mr. Shravan Kumar Vishnoi by the Committee of Creditors (CoC). Mr. Vishnoi, as the Resolution Professional (RP), faced significant obstacles in finding a Resolution Applicant. The Directors of the Corporate Debtor and the Financial Creditors (members of the CoC) did not cooperate with the RP, failing to provide necessary documents. The District Magistrate of Kushinagar, Uttar Pradesh, had taken possession
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The application under Section 7 of IBC was…
Resolution Professional received documents…
The case pertains to C.P.(IB) No. 221/KB/2018 filed by Mr. Rakesh Pandey, a Financial Creditor, under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. JHV Distilleries & Sugar Mills Limited, the Corporate Debtor. The application was admitted on 2018-05-08, and Mr. Alok Kumar Kuchhal was appointed as the Interim Resolution Professional (IRP). Subsequently, the Committee of Creditors (CoC) replaced Mr. Kuchhal with Mr. Shravan Kumar Vishnoi as the Resolution Professional (RP). However, Mr. Vishnoi was unable to find a Resolution Applicant to take over the Corporate Debtor's stressed assets.
Mr. Rakesh Pandey, a Financial Creditor, filed C.P.(IB) No. 221/KB/2018 under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against M/s. JHV Distilleries & Sugar Mills Limited. The application was admitted on 2018-05-08. Mr. Alok Kumar Kuchhal was initially appointed as the Interim Resolution Professional (IRP), but was later replaced by Mr. Shravan Kumar Vishnoi by the Committee of Creditors (CoC). Mr. Vishnoi, as the Resolution Professional (RP), faced significant obstacles in finding a Resolution Applicant. The Directors of the Corporate Debtor and the Financial Creditors (members of the CoC) did not cooperate with the RP, failing to provide necessary documents. The District Magistrate of Kushinagar, Uttar Pradesh, had taken possession
…The application under Section 7 of IBC was…
Resolution Professional received documents…