The application was filed by the Resolution Professional, Mr. Dharit Kishorbhai Shah, for the liquidation of the Corporate Debtor, M/s Maktel Control & Systems Pvt. Ltd., under Section 33 of the Insolvency and Bankruptcy Code, 2016, due to the non-receipt of a resolution plan. The Corporate Debtor was admitted into CIRP vide an order dated 02.002.2021. Mr. Dharit Kishorbhai Shah was appointed as the IRP. During the CIRP, a public announcement was made for submission of claims by creditors on 04.02.2021, and the COC was constituted on 25.02.2021. The COC decided to publish EOI, and Form-G was published on 18.04.2021.
The Resolution Professional, Dharit Kishorbhai Shah, filed an application for the liquidation of M/s Maktel Control & Systems Pvt. Ltd. because no resolution plan was received. The Corporate Debtor was admitted into CIRP on 02.02.2021. The IRP made a public announcement for creditors' claims. The COC was formed and decided to publish an Expression of Interest (EOI). Form-G was published on 18.04.2021. Two EOIs were received, but no resolution plan was submitted by the deadline of 10.07.2021. The COC resolved to initiate liquidation under Section 33 of the IBC. The COC had not approved the liquidation cost or exploring the sale of the Corporate Debtor as a going concern, as per Regulations 39B and 39C of IBBI. The CIRP period expired on 31.07.2021, and no extension
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Corporate Debtor was…
IRP made a public…
The application was filed by the Resolution Professional, Mr. Dharit Kishorbhai Shah, for the liquidation of the Corporate Debtor, M/s Maktel Control & Systems Pvt. Ltd., under Section 33 of the Insolvency and Bankruptcy Code, 2016, due to the non-receipt of a resolution plan. The Corporate Debtor was admitted into CIRP vide an order dated 02.002.2021. Mr. Dharit Kishorbhai Shah was appointed as the IRP. During the CIRP, a public announcement was made for submission of claims by creditors on 04.02.2021, and the COC was constituted on 25.02.2021. The COC decided to publish EOI, and Form-G was published on 18.04.2021.
The Resolution Professional, Dharit Kishorbhai Shah, filed an application for the liquidation of M/s Maktel Control & Systems Pvt. Ltd. because no resolution plan was received. The Corporate Debtor was admitted into CIRP on 02.02.2021. The IRP made a public announcement for creditors' claims. The COC was formed and decided to publish an Expression of Interest (EOI). Form-G was published on 18.04.2021. Two EOIs were received, but no resolution plan was submitted by the deadline of 10.07.2021. The COC resolved to initiate liquidation under Section 33 of the IBC. The COC had not approved the liquidation cost or exploring the sale of the Corporate Debtor as a going concern, as per Regulations 39B and 39C of IBBI. The CIRP period expired on 31.07.2021, and no extension
…Corporate Debtor was…
IRP made a public…