The case involves an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by Vaishno Engineer System Associates (Operational Creditor) against Maa Tara Ispat Industries Private Limited (Corporate Debtor) for initiation of the Corporate Insolvency Resolution Process (CIRP). Subsequently, an application was filed by the Resolution Professional (RP) under Section 33(2) of the IBC, 2016, seeking liquidation of the Corporate Debtor. The CIRP was initiated based on a petition filed by the Operational Creditor. The IRP made a public announcement, and two financial creditors, Bank of Baroda and SIDBI, lodged their claims. The CoC was formed, and Mr. Anish Agarwal was appointed as the RP. Despite efforts to find a resolution applicant, no viable
…Vaishno Engineer System Associates, an Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Maa Tara Ispat Industries Private Limited, the Corporate Debtor. The Corporate Debtor was admitted into CIRP by the Tribunal on 2019-04-09, and Mr. Pramod Kumar Singh was appointed as the Interim Resolution Professional (IRP). The IRP made a public announcement inviting claims from creditors. Two financial creditors, Bank of Baroda and SIDBI, lodged their claims, forming the Committee of Creditors (CoC). In the third CoC meeting held on 2019-07-01, Bank of Baroda proposed Mr. Anish Agarwal as the Resolution Professional (RP), which was confirmed by the Tribunal on
…Sign in to view the parties.
The Petition bearing C.P. (IB) No.…
Corporate Debtor was admitted into CIRP by this…
The case involves an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by Vaishno Engineer System Associates (Operational Creditor) against Maa Tara Ispat Industries Private Limited (Corporate Debtor) for initiation of the Corporate Insolvency Resolution Process (CIRP). Subsequently, an application was filed by the Resolution Professional (RP) under Section 33(2) of the IBC, 2016, seeking liquidation of the Corporate Debtor. The CIRP was initiated based on a petition filed by the Operational Creditor. The IRP made a public announcement, and two financial creditors, Bank of Baroda and SIDBI, lodged their claims. The CoC was formed, and Mr. Anish Agarwal was appointed as the RP. Despite efforts to find a resolution applicant, no viable
…Vaishno Engineer System Associates, an Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Maa Tara Ispat Industries Private Limited, the Corporate Debtor. The Corporate Debtor was admitted into CIRP by the Tribunal on 2019-04-09, and Mr. Pramod Kumar Singh was appointed as the Interim Resolution Professional (IRP). The IRP made a public announcement inviting claims from creditors. Two financial creditors, Bank of Baroda and SIDBI, lodged their claims, forming the Committee of Creditors (CoC). In the third CoC meeting held on 2019-07-01, Bank of Baroda proposed Mr. Anish Agarwal as the Resolution Professional (RP), which was confirmed by the Tribunal on
…The Petition bearing C.P. (IB) No.…
Corporate Debtor was admitted into CIRP by this…