The case involves an application filed under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking an order for the winding up of M/s. Karpagam Spinners Private Limited. The Corporate Insolvency Resolution Process (CIRP) had been initiated against the company. The CIRP was initiated by the Operational Creditor under Section 9 of the I&B Code 2016. Mr. R. Raghavendran was appointed as Interim Resolution Professional (IRP). Subsequently, Mr. G. Gunasekaran was appointed as Resolution Professional (RP) based on the recommendation of the Committee of Creditors (CoC).
M/s. Aruppukottai Sri Jayavilas Limited, an Operational Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against M/s. Karpagam Spinners Private Limited, the Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code (I&B Code), 2016. Mr. R. Raghavendran was initially appointed as the Interim Resolution Professional (IRP), followed by Mr. G. Gunasekaran as the Resolution Professional (RP). The CIRP commenced on 2017-07-19 for 180 days, expiring on 2018-01-16. The Committee of Creditors (CoC) did not approve any resolution plan within the stipulated period. In its 6th meeting held on 2017-12-18, the CoC recommended the liquidation of the Corporate Debtor. The Adjudicating Authority did not receive any resolution plan under Section 30(6)
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Corporate Insolvency…
Mr. G. Gunasekaran appointed as Resolution…
The case involves an application filed under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking an order for the winding up of M/s. Karpagam Spinners Private Limited. The Corporate Insolvency Resolution Process (CIRP) had been initiated against the company. The CIRP was initiated by the Operational Creditor under Section 9 of the I&B Code 2016. Mr. R. Raghavendran was appointed as Interim Resolution Professional (IRP). Subsequently, Mr. G. Gunasekaran was appointed as Resolution Professional (RP) based on the recommendation of the Committee of Creditors (CoC).
M/s. Aruppukottai Sri Jayavilas Limited, an Operational Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against M/s. Karpagam Spinners Private Limited, the Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code (I&B Code), 2016. Mr. R. Raghavendran was initially appointed as the Interim Resolution Professional (IRP), followed by Mr. G. Gunasekaran as the Resolution Professional (RP). The CIRP commenced on 2017-07-19 for 180 days, expiring on 2018-01-16. The Committee of Creditors (CoC) did not approve any resolution plan within the stipulated period. In its 6th meeting held on 2017-12-18, the CoC recommended the liquidation of the Corporate Debtor. The Adjudicating Authority did not receive any resolution plan under Section 30(6)
…Corporate Insolvency…
Mr. G. Gunasekaran appointed as Resolution…