M/s. Volkswagen Finance Private Limited initiated Corporate Insolvency Resolution Process (CIRP) against M/s. Kelvin Recruiters Private Limited under Section 7 of the IBC, 2016. The application was admitted on 2019-09-17, and Mr. Kamal Agarwal was appointed as the Interim Resolution Professional (IRP). The IRP made a public announcement, which was published in newspapers and uploaded on the IBBI website. The IRP constituted a Committee of Creditors (CoC), comprising Volkswagen Finance Private Limited. The IRP was confirmed as Resolution Professional (RP) on 2019-11-01.
M/s. Volkswagen Finance Private Limited initiated CIRP against M/s. Kelvin Recruiters Private Limited under Section 7 of the IBC, 2016. The application was admitted on 2019-09-17. Mr. Kamal Agarwal was appointed as IRP and later confirmed as RP. The Corporate Debtor is not a going concern, has no registered office, absconding Suspended Directors, and no employees. The CoC decided not to extend the CIRP period and resolved to liquidate the Corporate Debtor with 100% voting share. The RP filed a written communication to act as Liquidator. The NCLT accepted the CoC's resolution and ordered the liquidation of the Corporate Debtor. Mr. Kamal Agarwal was appointed as Liquidator.
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Application under Section 7 of IBC, 2016,…
Public announcement made by the Interim…
M/s. Volkswagen Finance Private Limited initiated Corporate Insolvency Resolution Process (CIRP) against M/s. Kelvin Recruiters Private Limited under Section 7 of the IBC, 2016. The application was admitted on 2019-09-17, and Mr. Kamal Agarwal was appointed as the Interim Resolution Professional (IRP). The IRP made a public announcement, which was published in newspapers and uploaded on the IBBI website. The IRP constituted a Committee of Creditors (CoC), comprising Volkswagen Finance Private Limited. The IRP was confirmed as Resolution Professional (RP) on 2019-11-01.
M/s. Volkswagen Finance Private Limited initiated CIRP against M/s. Kelvin Recruiters Private Limited under Section 7 of the IBC, 2016. The application was admitted on 2019-09-17. Mr. Kamal Agarwal was appointed as IRP and later confirmed as RP. The Corporate Debtor is not a going concern, has no registered office, absconding Suspended Directors, and no employees. The CoC decided not to extend the CIRP period and resolved to liquidate the Corporate Debtor with 100% voting share. The RP filed a written communication to act as Liquidator. The NCLT accepted the CoC's resolution and ordered the liquidation of the Corporate Debtor. Mr. Kamal Agarwal was appointed as Liquidator.
Application under Section 7 of IBC, 2016,…
Public announcement made by the Interim…