The case pertains to the Corporate Insolvency Resolution Process (CIRP) initiated against M/s Kashyap Motors India Private Limited. Bank of Baroda, a financial creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, which was admitted by the Tribunal on 05.03.2019. Mr. Jatin Madan was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP).
The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s Kashyap Motors India Private Limited based on an application filed by Bank of Baroda under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The application was admitted on 05.03.2019. Mr. Jatin Madan was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). The initial 180-day period of the CIRP was extended by 90 days with the approval of the Committee of Creditors (CoC). Despite the extension, no resolution plan was received. The CoC, in its 10th meeting held on 14.11.2019, with a 99.23% voting share, resolved to liquidate the corporate debtor. The liquidation value of the company was assessed by two valuers, Mr. R S Yadav and
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Company Petition No.…
Application under Section 7 of IBC admitted,…
The case pertains to the Corporate Insolvency Resolution Process (CIRP) initiated against M/s Kashyap Motors India Private Limited. Bank of Baroda, a financial creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, which was admitted by the Tribunal on 05.03.2019. Mr. Jatin Madan was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP).
The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s Kashyap Motors India Private Limited based on an application filed by Bank of Baroda under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The application was admitted on 05.03.2019. Mr. Jatin Madan was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). The initial 180-day period of the CIRP was extended by 90 days with the approval of the Committee of Creditors (CoC). Despite the extension, no resolution plan was received. The CoC, in its 10th meeting held on 14.11.2019, with a 99.23% voting share, resolved to liquidate the corporate debtor. The liquidation value of the company was assessed by two valuers, Mr. R S Yadav and
…Company Petition No.…
Application under Section 7 of IBC admitted,…