Oriental Bank of Commerce, the Financial Creditor, filed an application under Section 7 of the Insolvency & Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Kolkata Conductor & Cable Pvt. Ltd., the Corporate Debtor. The Tribunal admitted the application on September 11, 2018, and appointed Mr. Raj Singhania as the Interim Resolution Professional (IRP). The IRP was later confirmed as the Resolution Professional (RP).
Oriental Bank of Commerce, as the Financial Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Kolkata Conductor & Cable Pvt. Ltd. The application was admitted on September 11, 2018. The Resolution Professional (RP) faced non-cooperation from the Corporate Debtor, its Directors, and Auditors, who failed to provide necessary documents and access to assets. The RP's attempts to inspect the Corporate Debtor's premises were unsuccessful due to lack of police assistance and denial of entry by security personnel. The Committee of Creditors (CoC) recommended liquidation due to the lack of progress and the expiration of the CIRP period. The RP also expressed unwillingness to continue the proceedings. No valid reason was provided for the RP's
…Sign in to view the parties.
The Tribunal admitted the application filed by…
The Resolution Professional (RP) filed his…
Oriental Bank of Commerce, the Financial Creditor, filed an application under Section 7 of the Insolvency & Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Kolkata Conductor & Cable Pvt. Ltd., the Corporate Debtor. The Tribunal admitted the application on September 11, 2018, and appointed Mr. Raj Singhania as the Interim Resolution Professional (IRP). The IRP was later confirmed as the Resolution Professional (RP).
Oriental Bank of Commerce, as the Financial Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Kolkata Conductor & Cable Pvt. Ltd. The application was admitted on September 11, 2018. The Resolution Professional (RP) faced non-cooperation from the Corporate Debtor, its Directors, and Auditors, who failed to provide necessary documents and access to assets. The RP's attempts to inspect the Corporate Debtor's premises were unsuccessful due to lack of police assistance and denial of entry by security personnel. The Committee of Creditors (CoC) recommended liquidation due to the lack of progress and the expiration of the CIRP period. The RP also expressed unwillingness to continue the proceedings. No valid reason was provided for the RP's
…The Tribunal admitted the application filed by…
The Resolution Professional (RP) filed his…