The case involves an application filed by the Resolution Professional (RP) seeking an order for the liquidation of the Corporate Debtor, M/s Mahendrakumar Babulal Jewels Pvt. Ltd., under Section 33(1) of the Insolvency and Bankruptcy Code, 2016 (IB Code). The Corporate Insolvency Resolution Process (CIRP) was initiated after the admission of Company Petition No. 408/2018 on 16.11.2018 under Section 9 of the IB Code. Shri Pinakin Surendra Shah was initially appointed as the Interim Resolution Professional (IRP), followed by the appointment of Shri Hemant Sharma as the RP on 04.04.2019.
The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s Mahendrakumar Babulal Jewels Pvt. Ltd. after the admission of Company Petition No. 408/2018 on 16.11.2018 under Section 9 of the IB Code. Shri Pinakin Surendra Shah was initially appointed as the Interim Resolution Professional (IRP), followed by the appointment of Shri Hemant Sharma as the RP on 04.04.2019. The Committee of Creditors (CoC) was formed, and several meetings were held to facilitate the CIRP. In the 5th CoC meeting held on 31.05.2019, the CoC members resolved to create a corpus of Rs. 8,00,000/- for meeting the CIRP costs. In the 6th CoC meeting held on 24.06.2019, the members were apprised about the requirement of funds by RP to meet CIRP expenses. In the 7th CoC meeting held on
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Company Petition No.…
Shri Pinakin Surendra…
The case involves an application filed by the Resolution Professional (RP) seeking an order for the liquidation of the Corporate Debtor, M/s Mahendrakumar Babulal Jewels Pvt. Ltd., under Section 33(1) of the Insolvency and Bankruptcy Code, 2016 (IB Code). The Corporate Insolvency Resolution Process (CIRP) was initiated after the admission of Company Petition No. 408/2018 on 16.11.2018 under Section 9 of the IB Code. Shri Pinakin Surendra Shah was initially appointed as the Interim Resolution Professional (IRP), followed by the appointment of Shri Hemant Sharma as the RP on 04.04.2019.
The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s Mahendrakumar Babulal Jewels Pvt. Ltd. after the admission of Company Petition No. 408/2018 on 16.11.2018 under Section 9 of the IB Code. Shri Pinakin Surendra Shah was initially appointed as the Interim Resolution Professional (IRP), followed by the appointment of Shri Hemant Sharma as the RP on 04.04.2019. The Committee of Creditors (CoC) was formed, and several meetings were held to facilitate the CIRP. In the 5th CoC meeting held on 31.05.2019, the CoC members resolved to create a corpus of Rs. 8,00,000/- for meeting the CIRP costs. In the 6th CoC meeting held on 24.06.2019, the members were apprised about the requirement of funds by RP to meet CIRP expenses. In the 7th CoC meeting held on
…Company Petition No.…
Shri Pinakin Surendra…