The case pertains to the Corporate Insolvency Resolution Process (CIRP) initiated against Khairwala International Limited. The CIRP was initiated following an application under Section 9 of the Insolvency and Bankruptcy Code (I&B Code), 2016. Mr. Amit Gupta was initially appointed as the Interim Resolution Professional (IRP). Subsequently, Mr. Harjeet Singh Rekhi was appointed as the Resolution Professional (RP). During the CIRP, it was found that the promoters of the Corporate Debtor were not traceable, and the latest financial information available was for the financial year 2016-17. The Committee of Creditors (CoC) was informed about the status of the Information Memorandum. The RP appointed registered valuers for various assets of the Corporate Debtor. It was
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Khairwala International Limited following an application under Section 9 of the I&B Code, 2016. Initially, Mr. Amit Gupta served as the Interim Resolution Professional (IRP), succeeded by Mr. Harjeet Singh Rekhi as the Resolution Professional (RP). During the CIRP, it was discovered that the promoters of the Corporate Debtor were untraceable, and the most recent financial records available were for the fiscal year 2016-17. The Committee of Creditors (CoC) was informed about the status of the Information Memorandum. The RP appointed registered valuers for the Corporate Debtor's assets. It was also revealed to the CoC that the Corporate Debtor had opened bank accounts without the Financial
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IB/1410/N…
Application under…
The case pertains to the Corporate Insolvency Resolution Process (CIRP) initiated against Khairwala International Limited. The CIRP was initiated following an application under Section 9 of the Insolvency and Bankruptcy Code (I&B Code), 2016. Mr. Amit Gupta was initially appointed as the Interim Resolution Professional (IRP). Subsequently, Mr. Harjeet Singh Rekhi was appointed as the Resolution Professional (RP). During the CIRP, it was found that the promoters of the Corporate Debtor were not traceable, and the latest financial information available was for the financial year 2016-17. The Committee of Creditors (CoC) was informed about the status of the Information Memorandum. The RP appointed registered valuers for various assets of the Corporate Debtor. It was
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Khairwala International Limited following an application under Section 9 of the I&B Code, 2016. Initially, Mr. Amit Gupta served as the Interim Resolution Professional (IRP), succeeded by Mr. Harjeet Singh Rekhi as the Resolution Professional (RP). During the CIRP, it was discovered that the promoters of the Corporate Debtor were untraceable, and the most recent financial records available were for the fiscal year 2016-17. The Committee of Creditors (CoC) was informed about the status of the Information Memorandum. The RP appointed registered valuers for the Corporate Debtor's assets. It was also revealed to the CoC that the Corporate Debtor had opened bank accounts without the Financial
…IB/1410/N…
Application under…