The case involves an application (I.A.No.32/2021) filed in relation to a Corporate Insolvency Resolution Process (CIRP) initiated against Mack Telecom Services Private Limited. The CIRP was initiated based on a petition filed by VOXTBV India P. Ltd under Section 7 of the IBC, 2016. The applicant, Raghuram Manchi, is the Interim Resolution Professional (IRP) and later confirmed as Resolution Professional (RP). The company faced financial difficulties, and efforts to revive it were unsuccessful. The Committee of Creditors (CoC) approved the dissolution of the Corporate Debtor. The IRP sought directions for various actions, including dissolving the Corporate Debtor, directing financial creditors to make payments, and processing the surrender of a Life Insurance
…Mack Telecom Services Private Limited underwent Corporate Insolvency Resolution Process (CIRP) initiated by VOXTBV India P. Ltd under Section 7 of the IBC, 2016. Raghuram Manchi was appointed as the Interim Resolution Professional (IRP) and later confirmed as Resolution Professional (RP). The company's financial position was dire, with insufficient assets to cover liabilities. The Corporate Debtor had not been actively carrying on business for the past six years. A Company Petition (C.P.(IB)No.98/BB/2018) was filed by VOXTBV India P. Ltd (Petitioner) under Section 7 of the IBC, 2016, seeking to initiate CIRP. The Adjudicating Authority admitted the petition on 09.11.2020, appointing the Applicant as IRP and imposing a moratorium. The first meeting of the CoC was held
…Sign in to view the parties.
C.P.(IB)No.98/BB/2018 was filed by M/s. VOXTBV…
The Adjudicating Authority admitted the…
The case involves an application (I.A.No.32/2021) filed in relation to a Corporate Insolvency Resolution Process (CIRP) initiated against Mack Telecom Services Private Limited. The CIRP was initiated based on a petition filed by VOXTBV India P. Ltd under Section 7 of the IBC, 2016. The applicant, Raghuram Manchi, is the Interim Resolution Professional (IRP) and later confirmed as Resolution Professional (RP). The company faced financial difficulties, and efforts to revive it were unsuccessful. The Committee of Creditors (CoC) approved the dissolution of the Corporate Debtor. The IRP sought directions for various actions, including dissolving the Corporate Debtor, directing financial creditors to make payments, and processing the surrender of a Life Insurance
…Mack Telecom Services Private Limited underwent Corporate Insolvency Resolution Process (CIRP) initiated by VOXTBV India P. Ltd under Section 7 of the IBC, 2016. Raghuram Manchi was appointed as the Interim Resolution Professional (IRP) and later confirmed as Resolution Professional (RP). The company's financial position was dire, with insufficient assets to cover liabilities. The Corporate Debtor had not been actively carrying on business for the past six years. A Company Petition (C.P.(IB)No.98/BB/2018) was filed by VOXTBV India P. Ltd (Petitioner) under Section 7 of the IBC, 2016, seeking to initiate CIRP. The Adjudicating Authority admitted the petition on 09.11.2020, appointing the Applicant as IRP and imposing a moratorium. The first meeting of the CoC was held
…C.P.(IB)No.98/BB/2018 was filed by M/s. VOXTBV…
The Adjudicating Authority admitted the…