An insolvency petition was filed under Section 9 of the IBC by the Operational Creditor, Sandeep Kaur, against the Corporate Debtor, M/s Josan Foods Pvt. Ltd.

The petition was admitted on 20.07.2023, and Mr. Harsh Garg was appointed as Interim Resolution Professional (IRP).

The Committee of Creditors (CoC) comprised of sole financial creditor, State Bank of India.

Form G was published twice, but no Expression of Interest was received.

The CoC resolved for liquidation of the Corporate Debtor under Section 33 of the Code.

Mr. Mahesh Bansal, Resolution Professional, filed an application for liquidation under Section 33(2) of the IBC.

The suspended directors failed to provide the balance sheet as on the date of commencement of the CIRP.…

An insolvency petition was filed under Section 9 of the IBC by the Operational Creditor, Sandeep Kaur, against the Corporate Debtor, M/s Josan Foods Pvt. Ltd.

The petition was admitted on 20.07.2023, and Mr. Harsh Garg was appointed as Interim Resolution Professional (IRP).

The Committee of Creditors (CoC) comprised of sole financial creditor, State Bank of India.

Form G was published twice, but no Expression of Interest was received.

The CoC resolved for liquidation of the Corporate Debtor under Section 33 of the Code.

Mr. Mahesh Bansal, Resolution Professional, filed an application for liquidation under Section 33(2) of the IBC.

The suspended directors failed to provide the balance sheet as on the date of commencement of the CIRP.…