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). The RP filed a final progress report on March 5, 2019, seeking liquidation due to the absence of a resolution plan.
Oriental Bank of Commerce, acting as the Financial Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Kolkata Conductor & Cable Pvt. Ltd., the Corporate Debtor, under Section 7 of the Insolvency & Bankruptcy Code, 2016. The application was admitted on September 11, 2018. Mr. Raj Singhania was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The RP faced significant non-cooperation from the Corporate Debtor, its directors, and auditors, who failed to provide necessary documents and access to assets. The RP filed a final progress report on March 5, 2019, seeking liquidation due to the absence of a resolution plan. The Committee of Creditors (CoC) deliberated on the progress and
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The Tribunal admitted the application filed by…
Mr. Raj Singhania was…
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). The RP filed a final progress report on March 5, 2019, seeking liquidation due to the absence of a resolution plan.
Oriental Bank of Commerce, acting as the Financial Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Kolkata Conductor & Cable Pvt. Ltd., the Corporate Debtor, under Section 7 of the Insolvency & Bankruptcy Code, 2016. The application was admitted on September 11, 2018. Mr. Raj Singhania was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The RP faced significant non-cooperation from the Corporate Debtor, its directors, and auditors, who failed to provide necessary documents and access to assets. The RP filed a final progress report on March 5, 2019, seeking liquidation due to the absence of a resolution plan. The Committee of Creditors (CoC) deliberated on the progress and
…The Tribunal admitted the application filed by…
Mr. Raj Singhania was…