The case involves an application filed under Section 33 of the Insolvency and Bankruptcy Code (IBC), 2016, seeking liquidation of the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated, and Mr. Dharit K Shah was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The Committee of Creditors (COC) in its 8th meeting resolved to liquidate the Corporate Debtor, authorizing the RP to file the application. The suspended management did not appear despite notice. The Adjudicating Authority considered the commercial wisdom of the COC and the Supreme Court's view on the same.
The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor, and C.P. (I.B) No. 482/2019 was admitted on 2019-09-11. Mr. Dharit K Shah was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The Committee of Creditors (COC) in its 8th meeting held on 2021-03-08 resolved to liquidate the Corporate Debtor, authorizing the RP to file an application under Section 33 of the IBC. The suspended management did not appear despite notice. The RP filed an application under Section 33 of the IB Code, 2016, seeking liquidation of the Corporate Debtor. The Adjudicating Authority considered the commercial wisdom of the COC and the Supreme Court's view on the same. The COC's decision to
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C.P. (I.B) No.…
Mr. Dharit K Shah was…
The case involves an application filed under Section 33 of the Insolvency and Bankruptcy Code (IBC), 2016, seeking liquidation of the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated, and Mr. Dharit K Shah was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The Committee of Creditors (COC) in its 8th meeting resolved to liquidate the Corporate Debtor, authorizing the RP to file the application. The suspended management did not appear despite notice. The Adjudicating Authority considered the commercial wisdom of the COC and the Supreme Court's view on the same.
The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor, and C.P. (I.B) No. 482/2019 was admitted on 2019-09-11. Mr. Dharit K Shah was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The Committee of Creditors (COC) in its 8th meeting held on 2021-03-08 resolved to liquidate the Corporate Debtor, authorizing the RP to file an application under Section 33 of the IBC. The suspended management did not appear despite notice. The RP filed an application under Section 33 of the IB Code, 2016, seeking liquidation of the Corporate Debtor. The Adjudicating Authority considered the commercial wisdom of the COC and the Supreme Court's view on the same. The COC's decision to
…C.P. (I.B) No.…
Mr. Dharit K Shah was…