The case pertains to an Interlocutory Application filed by the Resolution Professional seeking an order for liquidation of Jindal Alufoils Pvt. Ltd., the Corporate Debtor, under Sections 33(1), 33(2), and 34(1) of the Insolvency & Bankruptcy Code, 2016. The Corporate Debtor was admitted into Corporate Insolvency Resolution Process (CIRP) on 2019-12-04. Gordhanbhai Ratnabhai Godhani was appointed as the Interim Resolution Professional (IRP).
The Resolution Professional filed an Interlocutory Application seeking liquidation of Jindal Alufoils Pvt. Ltd. The Corporate Debtor was admitted into CIRP on 2019-12-04, and Gordhanbhai Ratnabhai Godhani was appointed as IRP. The first CoC meeting was held on 2020-01-08, where the IRP was appointed as Resolution Professional. In a subsequent meeting, it was decided that there was no need to appoint valuers due to the absence of significant assets. In the third meeting on 2020-06-06, the CoC resolved to liquidate the Corporate Debtor as it was neither a going concern nor was any resolution plan received. The Resolution Professional obtained written consent to act as liquidator. The CoC also resolved that the Corporate Debtor could be sold as a going concern under
…Sign in to view the parties.
The Adjudicating Authority admitted the…
The first meeting of the Committee of Creditors…
The case pertains to an Interlocutory Application filed by the Resolution Professional seeking an order for liquidation of Jindal Alufoils Pvt. Ltd., the Corporate Debtor, under Sections 33(1), 33(2), and 34(1) of the Insolvency & Bankruptcy Code, 2016. The Corporate Debtor was admitted into Corporate Insolvency Resolution Process (CIRP) on 2019-12-04. Gordhanbhai Ratnabhai Godhani was appointed as the Interim Resolution Professional (IRP).
The Resolution Professional filed an Interlocutory Application seeking liquidation of Jindal Alufoils Pvt. Ltd. The Corporate Debtor was admitted into CIRP on 2019-12-04, and Gordhanbhai Ratnabhai Godhani was appointed as IRP. The first CoC meeting was held on 2020-01-08, where the IRP was appointed as Resolution Professional. In a subsequent meeting, it was decided that there was no need to appoint valuers due to the absence of significant assets. In the third meeting on 2020-06-06, the CoC resolved to liquidate the Corporate Debtor as it was neither a going concern nor was any resolution plan received. The Resolution Professional obtained written consent to act as liquidator. The CoC also resolved that the Corporate Debtor could be sold as a going concern under
…The Adjudicating Authority admitted the…
The first meeting of the Committee of Creditors…