The case involves an application (M.A. No. 2536/2019) filed by the Resolution Professional, Ms. Prajakta Madhav Shidhor, seeking liquidation of Ketan Ceramics Private Limited, referred to as the 'Corporate Debtor', under Section 33 of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated against Ketan Ceramics Private Limited following the admission of a petition under Section 7 of the Code filed by International Asset Reconstruction Company Private Limited, the 'Financial Creditor'. The applicant was appointed as the Interim Resolution Professional (IRP).
The International Asset Reconstruction Company Private Limited initiated Corporate Insolvency Resolution Process (CIRP) against Ketan Ceramics Private Limited by filing a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016. The petition was admitted on 07.01.2019. Ms. Prajakta Madhav Shidhor was appointed as the Interim Resolution Professional (IRP). A public announcement was issued on 10.01.2019. The Committee of Creditors (CoC) was formed on 30.01.2019. The CoC decided on 23.05.2019 to liquidate the Corporate Debtor as no resolution plan was received. The CoC approved the payment of fees to the liquidator. The Resolution Professional agreed to act as the liquidator. The CoC unanimously agreed and approved the filing of application with NCLT for
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Tribunal admitted the petition under Section 7…
Ms. Prajakta Madhav…
The case involves an application (M.A. No. 2536/2019) filed by the Resolution Professional, Ms. Prajakta Madhav Shidhor, seeking liquidation of Ketan Ceramics Private Limited, referred to as the 'Corporate Debtor', under Section 33 of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated against Ketan Ceramics Private Limited following the admission of a petition under Section 7 of the Code filed by International Asset Reconstruction Company Private Limited, the 'Financial Creditor'. The applicant was appointed as the Interim Resolution Professional (IRP).
The International Asset Reconstruction Company Private Limited initiated Corporate Insolvency Resolution Process (CIRP) against Ketan Ceramics Private Limited by filing a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016. The petition was admitted on 07.01.2019. Ms. Prajakta Madhav Shidhor was appointed as the Interim Resolution Professional (IRP). A public announcement was issued on 10.01.2019. The Committee of Creditors (CoC) was formed on 30.01.2019. The CoC decided on 23.05.2019 to liquidate the Corporate Debtor as no resolution plan was received. The CoC approved the payment of fees to the liquidator. The Resolution Professional agreed to act as the liquidator. The CoC unanimously agreed and approved the filing of application with NCLT for
…Tribunal admitted the petition under Section 7…
Ms. Prajakta Madhav…