The case pertains to IA No. 1189/KB/2020 in CP (IB) No. 650/KB/2018, filed under Section 33 of the Insolvency & Bankruptcy Code, 2016. Anand Carbo Private Limited, an operational creditor, initiated proceedings against Kampilya Builders Pvt. Ltd., the corporate debtor. The Adjudicating Authority initiated the Corporate Insolvency Resolution Process (CIRP) on 26.07.2019. Public announcements were made to invite claims, and the Committee of Creditors (CoC) was constituted. Despite multiple invitations for Expression of Interest (EoI), no viable resolution plan was received.
Anand Carbo Private Limited, an operational creditor, filed a petition against Kampilya Builders Pvt. Ltd., the corporate debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated on 26.07.2019. Public announcements were made, and a Committee of Creditors (CoC) was formed on 18.08.2019, comprising eleven financial creditors. Several attempts were made to solicit Expression of Interest (EoI) for a resolution plan, including publishing Form 'G' in newspapers. One EoI was received late and rejected. The CIRP period was extended by 90 days starting from 21.01.2020. Despite these efforts, no resolution plan was received. In its ninth meeting on 07.10.2020, the CoC voted with 90.77% majority to liquidate the corporate debtor. Mr. Shyamal Kumar Bhattacharjee
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The case pertains to IA No. 1189/KB/2020 in CP (IB) No. 650/KB/2018, filed under Section 33 of the Insolvency & Bankruptcy Code, 2016. Anand Carbo Private Limited, an operational creditor, initiated proceedings against Kampilya Builders Pvt. Ltd., the corporate debtor. The Adjudicating Authority initiated the Corporate Insolvency Resolution Process (CIRP) on 26.07.2019. Public announcements were made to invite claims, and the Committee of Creditors (CoC) was constituted. Despite multiple invitations for Expression of Interest (EoI), no viable resolution plan was received.
Anand Carbo Private Limited, an operational creditor, filed a petition against Kampilya Builders Pvt. Ltd., the corporate debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated on 26.07.2019. Public announcements were made, and a Committee of Creditors (CoC) was formed on 18.08.2019, comprising eleven financial creditors. Several attempts were made to solicit Expression of Interest (EoI) for a resolution plan, including publishing Form 'G' in newspapers. One EoI was received late and rejected. The CIRP period was extended by 90 days starting from 21.01.2020. Despite these efforts, no resolution plan was received. In its ninth meeting on 07.10.2020, the CoC voted with 90.77% majority to liquidate the corporate debtor. Mr. Shyamal Kumar Bhattacharjee
…Adjudicating Authority directed initiation of…
Public announcement in…