The case involves an application for the dissolution of M/s Mahendrakumar Babulal Jewels Pvt. Ltd., a corporate debtor, under Section 54(1) of the Insolvency and Bankruptcy Code, 2016. An operational creditor had initially filed an application under Section 9 of the IB Code for initiating the Corporate Insolvency Resolution Process (CIRP). The Committee of Creditors (CoC) later resolved to liquidate the Corporate Debtor. The Adjudicating Authority directed the Corporate Debtor to be liquidated and appointed Mr. Hemant Sharma as the Liquidator.
An operational creditor initiated Corporate Insolvency Resolution Process (CIRP) against M/s Mahendrakumar Babulal Jewels Pvt. Ltd. under Section 9 of the IB Code, 2016. CP(IB) No. 408 of 2018 was admitted on 16.11.2018, and Mr. Pinakin Surendra Shah was appointed as Interim Resolution Professional (IRP). The Committee of Creditors (CoC) replaced Mr. Pinakin Shah with Mr. Hemant Sharma as the Resolution Professional (RP), confirmed on 04.04.2019. The CoC resolved to liquidate the Corporate Debtor on 12.08.2019. The Adjudicating Authority ordered the liquidation of the Corporate Debtor on 17.09.2019 and appointed Mr. Hemant Sharma as the Liquidator. The Liquidator sought and was granted an extension of the liquidation period on 18.02.2021. The Liquidator filed a final
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CP(IB) No. 408 of 2018 was admitted, and Mr.…
Mr. Hemant Sharma was appointed as Resolution…
The case involves an application for the dissolution of M/s Mahendrakumar Babulal Jewels Pvt. Ltd., a corporate debtor, under Section 54(1) of the Insolvency and Bankruptcy Code, 2016. An operational creditor had initially filed an application under Section 9 of the IB Code for initiating the Corporate Insolvency Resolution Process (CIRP). The Committee of Creditors (CoC) later resolved to liquidate the Corporate Debtor. The Adjudicating Authority directed the Corporate Debtor to be liquidated and appointed Mr. Hemant Sharma as the Liquidator.
An operational creditor initiated Corporate Insolvency Resolution Process (CIRP) against M/s Mahendrakumar Babulal Jewels Pvt. Ltd. under Section 9 of the IB Code, 2016. CP(IB) No. 408 of 2018 was admitted on 16.11.2018, and Mr. Pinakin Surendra Shah was appointed as Interim Resolution Professional (IRP). The Committee of Creditors (CoC) replaced Mr. Pinakin Shah with Mr. Hemant Sharma as the Resolution Professional (RP), confirmed on 04.04.2019. The CoC resolved to liquidate the Corporate Debtor on 12.08.2019. The Adjudicating Authority ordered the liquidation of the Corporate Debtor on 17.09.2019 and appointed Mr. Hemant Sharma as the Liquidator. The Liquidator sought and was granted an extension of the liquidation period on 18.02.2021. The Liquidator filed a final
…CP(IB) No. 408 of 2018 was admitted, and Mr.…
Mr. Hemant Sharma was appointed as Resolution…