The application was filed by the Resolution Professional of JODPL Private Limited, the Corporate Debtor, under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016, seeking an order for liquidation. The Committee of Creditors had approved the liquidation within the prescribed period of 270 days. The corporate insolvency resolution process could not materialize a resolution plan for the Corporate Debtor. The Tribunal admitted the petition under Section 10 of the Insolvency and Bankruptcy Code and appointed Mr. Dinkar T. Venkatasubramanian as an Interim Resolution Professional, who was later confirmed by the Committee of Creditors.
JODPL Private Limited, the Corporate Debtor, underwent a corporate insolvency resolution process. The Resolution Professional filed an application under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016, seeking an order for liquidation. The Committee of Creditors approved the liquidation. The Tribunal had previously admitted a petition under Section 10 of the Insolvency and Bankruptcy Code and appointed Mr. Dinkar T. Venkatasubramanian as the Interim Resolution Professional. The Resolution Professional initiated a process through the Committee of Creditors to prepare a resolution plan. Two registered valuers, Duff & Phelps India Private Limited and RBSA Valuation Advisors LLP, submitted valuation reports. The liquidation value computed by RBSA Valuation
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The Tribunal admitted the petition under Section…
RBSA Valuation Advisors…
The application was filed by the Resolution Professional of JODPL Private Limited, the Corporate Debtor, under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016, seeking an order for liquidation. The Committee of Creditors had approved the liquidation within the prescribed period of 270 days. The corporate insolvency resolution process could not materialize a resolution plan for the Corporate Debtor. The Tribunal admitted the petition under Section 10 of the Insolvency and Bankruptcy Code and appointed Mr. Dinkar T. Venkatasubramanian as an Interim Resolution Professional, who was later confirmed by the Committee of Creditors.
JODPL Private Limited, the Corporate Debtor, underwent a corporate insolvency resolution process. The Resolution Professional filed an application under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016, seeking an order for liquidation. The Committee of Creditors approved the liquidation. The Tribunal had previously admitted a petition under Section 10 of the Insolvency and Bankruptcy Code and appointed Mr. Dinkar T. Venkatasubramanian as the Interim Resolution Professional. The Resolution Professional initiated a process through the Committee of Creditors to prepare a resolution plan. Two registered valuers, Duff & Phelps India Private Limited and RBSA Valuation Advisors LLP, submitted valuation reports. The liquidation value computed by RBSA Valuation
…The Tribunal admitted the petition under Section…
RBSA Valuation Advisors…