The case pertains to an application (I.A. 362/2021) filed under Section 33(1) of the Insolvency and Bankruptcy Code, 2016, seeking the liquidation of the Corporate Debtor, Man Tubinox Ltd. The Corporate Insolvency Resolution Process (CIRP) was initiated against Man Tubinox Ltd. following the admission of a petition under Section 7 of the Code by Bank of Baroda (formerly Dena Bank). The Resolution Professional (RP) was appointed and later confirmed by the Committee of Creditors (CoC). Despite multiple invitations for Expression of Interest, no viable resolution plan was received. The CoC, in its 16th meeting, resolved to liquidate the Corporate Debtor.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Man Tubinox Ltd. based on a petition filed by Bank of Baroda (formerly Dena Bank) under Section 7 of the Insolvency and Bankruptcy Code (IBC). Mr. Vikash Prakash Gupta was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The RP issued multiple invitations for Expression of Interest (EOI) to find a resolution applicant. Man Tubes Ltd. submitted an EOI but failed to comply with the Earnest Money Deposit requirements. Two prospective resolution applicants, MTL Pipes Ltd. and Man Industries (India) Ltd., expressed interest but failed to comply with the Request for Resolution Plan (RFRP) requirements and withdrew their expressions of
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Tribunal admitted the petition under Section…
The case pertains to an application (I.A. 362/2021) filed under Section 33(1) of the Insolvency and Bankruptcy Code, 2016, seeking the liquidation of the Corporate Debtor, Man Tubinox Ltd. The Corporate Insolvency Resolution Process (CIRP) was initiated against Man Tubinox Ltd. following the admission of a petition under Section 7 of the Code by Bank of Baroda (formerly Dena Bank). The Resolution Professional (RP) was appointed and later confirmed by the Committee of Creditors (CoC). Despite multiple invitations for Expression of Interest, no viable resolution plan was received. The CoC, in its 16th meeting, resolved to liquidate the Corporate Debtor.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Man Tubinox Ltd. based on a petition filed by Bank of Baroda (formerly Dena Bank) under Section 7 of the Insolvency and Bankruptcy Code (IBC). Mr. Vikash Prakash Gupta was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The RP issued multiple invitations for Expression of Interest (EOI) to find a resolution applicant. Man Tubes Ltd. submitted an EOI but failed to comply with the Earnest Money Deposit requirements. Two prospective resolution applicants, MTL Pipes Ltd. and Man Industries (India) Ltd., expressed interest but failed to comply with the Request for Resolution Plan (RFRP) requirements and withdrew their expressions of
…Filing of C…
Tribunal admitted the petition under Section…