The application was filed by the Liquidator under section 54 of the Insolvency and Bankruptcy Code, 2016, read with regulation 45 of the IBBI (Liquidation Process) Regulations, 2016, seeking the dissolution of the Corporate Debtor, Mansi Oils & Grains Pvt. Ltd. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor on January 9, 2019, and subsequently, a liquidation order was passed on July 19, 2019.
The Adjudicating Authority initiated the Corporate Insolvency Resolution Process (CIRP) against Mansi Oils & Grains Pvt. Ltd. on January 9, 2019, following a petition by United Bank of India, a financial creditor, under section 7 of the Insolvency and Bankruptcy Code, 2016. Ms. Rachna Jhunjhunwala was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). Subsequently, on July 19, 2019, the Adjudicating Authority ordered the liquidation of the Corporate Debtor, appointing Ms. Rachna Jhunjhunwala as the Liquidator.
…Adjudicating Authority ordered the initiation…
At the first Committee of Creditors (CoC)…
Sign in to view related legal provisions.
The application was filed by the Liquidator under section 54 of the Insolvency and Bankruptcy Code, 2016, read with regulation 45 of the IBBI (Liquidation Process) Regulations, 2016, seeking the dissolution of the Corporate Debtor, Mansi Oils & Grains Pvt. Ltd. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor on January 9, 2019, and subsequently, a liquidation order was passed on July 19, 2019.
The Adjudicating Authority initiated the Corporate Insolvency Resolution Process (CIRP) against Mansi Oils & Grains Pvt. Ltd. on January 9, 2019, following a petition by United Bank of India, a financial creditor, under section 7 of the Insolvency and Bankruptcy Code, 2016. Ms. Rachna Jhunjhunwala was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). Subsequently, on July 19, 2019, the Adjudicating Authority ordered the liquidation of the Corporate Debtor, appointing Ms. Rachna Jhunjhunwala as the Liquidator.
…Adjudicating Authority ordered the initiation…
At the first Committee of Creditors (CoC)…
Sign in to view related legal provisions.