The application, IA No. 228/JPR/2020, was filed by the Resolution Professional (RP) for M/s Kishori Lal Sudesh Kumar Metals Private Limited (Corporate Debtor) under Section 33 of the Insolvency and Bankruptcy Code, 2016 (IBC) for the initiation of liquidation proceedings against the Corporate Debtor. The Adjudicating Authority had admitted an application filed by Mr. Raghav Aggarwal, the Financial Creditor, under Section 7 of the Code for initiation of Corporate Insolvency Resolution Process (CIRP) and appointed Mr. Hansraj Mutreja as Interim Resolution Professional (IRP). The CoC was constituted, and in its first meeting on 07.03.2020, resolved to appoint Mr. Hansraj Mutreja as the RP. The RP appointed registered valuers to determine fair and liquidation values. In
…Raghav Aggarwal, a financial creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Kishori Lal Sudesh Kumar Metals Pvt. Ltd., the corporate debtor. Hansraj Mutreja was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). The Committee of Creditors (CoC) was formed, and they decided to liquidate the corporate debtor because it had been non-operational for over 19 years and had limited assets (Plot No. E-909 RIICO, Industrial Area, Bhiwadi). The CoC resolved to appoint the existing RP, Hansraj Mutreja, as the liquidator. The RP filed an application (IA No. 228/JPR/2020) for liquidation under Section 33 of the Insolvency and Bankruptcy Code (IBC). The application was filed on 21.08.2020, after the CoC's
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Application under…
The 1st meeting of the CoC was held, wherein…
The application, IA No. 228/JPR/2020, was filed by the Resolution Professional (RP) for M/s Kishori Lal Sudesh Kumar Metals Private Limited (Corporate Debtor) under Section 33 of the Insolvency and Bankruptcy Code, 2016 (IBC) for the initiation of liquidation proceedings against the Corporate Debtor. The Adjudicating Authority had admitted an application filed by Mr. Raghav Aggarwal, the Financial Creditor, under Section 7 of the Code for initiation of Corporate Insolvency Resolution Process (CIRP) and appointed Mr. Hansraj Mutreja as Interim Resolution Professional (IRP). The CoC was constituted, and in its first meeting on 07.03.2020, resolved to appoint Mr. Hansraj Mutreja as the RP. The RP appointed registered valuers to determine fair and liquidation values. In
…Raghav Aggarwal, a financial creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Kishori Lal Sudesh Kumar Metals Pvt. Ltd., the corporate debtor. Hansraj Mutreja was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). The Committee of Creditors (CoC) was formed, and they decided to liquidate the corporate debtor because it had been non-operational for over 19 years and had limited assets (Plot No. E-909 RIICO, Industrial Area, Bhiwadi). The CoC resolved to appoint the existing RP, Hansraj Mutreja, as the liquidator. The RP filed an application (IA No. 228/JPR/2020) for liquidation under Section 33 of the Insolvency and Bankruptcy Code (IBC). The application was filed on 21.08.2020, after the CoC's
…Application under…
The 1st meeting of the CoC was held, wherein…