The case pertains to an insolvency petition filed under Section 10 of the Insolvency and Bankruptcy Code, 2016, regarding Kochar Overseas Private Limited. The petition was admitted on 16.11.2017. The matter was listed for passing a formal order for the appointment of an Interim Resolution Professional (IRP). The petitioner had proposed the name of Mr. Yogender Pal Singhal as the IRP, and his communication in Form No. 2 was found to be in order.
Kochar Overseas Private Limited is the Corporate Debtor in this case. An insolvency petition was filed under Section 10 of the Insolvency and Bankruptcy Code, 2016. The petition was admitted on 16.11.2017. The petitioner proposed Mr. Yogender Pal Singhal as the Interim Resolution Professional (IRP). The court found Mr. Singhal's communication in Form No. 2 to be in order. The Financial Creditor is PNB (Punjab National Bank). The order was delivered on 27.11.2017. The IRP is required to make a public announcement of the initiation of the Corporate Insolvency Resolution Process (CIRP). The IRP is required to appoint two registered valuers to determine the liquidation value of the Corporate Debtor.
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The petition filed under Section 10 of the…
Order delivered…
The case pertains to an insolvency petition filed under Section 10 of the Insolvency and Bankruptcy Code, 2016, regarding Kochar Overseas Private Limited. The petition was admitted on 16.11.2017. The matter was listed for passing a formal order for the appointment of an Interim Resolution Professional (IRP). The petitioner had proposed the name of Mr. Yogender Pal Singhal as the IRP, and his communication in Form No. 2 was found to be in order.
Kochar Overseas Private Limited is the Corporate Debtor in this case. An insolvency petition was filed under Section 10 of the Insolvency and Bankruptcy Code, 2016. The petition was admitted on 16.11.2017. The petitioner proposed Mr. Yogender Pal Singhal as the Interim Resolution Professional (IRP). The court found Mr. Singhal's communication in Form No. 2 to be in order. The Financial Creditor is PNB (Punjab National Bank). The order was delivered on 27.11.2017. The IRP is required to make a public announcement of the initiation of the Corporate Insolvency Resolution Process (CIRP). The IRP is required to appoint two registered valuers to determine the liquidation value of the Corporate Debtor.
The petition filed under Section 10 of the…
Order delivered…