The case involves an application filed by the resolution professional, Mr. Dinesh Sood, under Section 33 of the Insolvency and Bankruptcy Code, 2016, seeking directions for the liquidation of the corporate debtor, Mariners Buildcon India Ltd. The resolution professional faced challenges due to the non-availability of records, promoters, and directors. The corporate debtor was virtually non-operational, and its registered office was closed for a long time. The resolution professional also sought relief from his present assignment and the appointment of a liquidator. The Committee of Creditors (CoC) was directed to pay the expenses of the Corporate Insolvency Resolution Process (CIRP).
Mr. Inder Preet Singh, a financial creditor, initiated the Corporate Insolvency Resolution Process (CIRP) against Mariners Buildcon India Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016. Initially, Mr. Prabhjit Singh Soni was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional. Subsequently, Mr. Dinesh Sood replaced him as the Resolution Professional. The Resolution Professional faced difficulties due to the unavailability of the corporate debtor's promoters, directors, and records. The corporate debtor was virtually non-operational, and its registered office was closed. The Resolution Professional received limited records from the previous Statutory Auditor and the earlier Resolution Professional.
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CP No. (IB)-185/2017 filed by Inder Preet…
Mr. Prabhjit Singh Soni was appointed as IRP…
The case involves an application filed by the resolution professional, Mr. Dinesh Sood, under Section 33 of the Insolvency and Bankruptcy Code, 2016, seeking directions for the liquidation of the corporate debtor, Mariners Buildcon India Ltd. The resolution professional faced challenges due to the non-availability of records, promoters, and directors. The corporate debtor was virtually non-operational, and its registered office was closed for a long time. The resolution professional also sought relief from his present assignment and the appointment of a liquidator. The Committee of Creditors (CoC) was directed to pay the expenses of the Corporate Insolvency Resolution Process (CIRP).
Mr. Inder Preet Singh, a financial creditor, initiated the Corporate Insolvency Resolution Process (CIRP) against Mariners Buildcon India Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016. Initially, Mr. Prabhjit Singh Soni was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional. Subsequently, Mr. Dinesh Sood replaced him as the Resolution Professional. The Resolution Professional faced difficulties due to the unavailability of the corporate debtor's promoters, directors, and records. The corporate debtor was virtually non-operational, and its registered office was closed. The Resolution Professional received limited records from the previous Statutory Auditor and the earlier Resolution Professional.
…CP No. (IB)-185/2017 filed by Inder Preet…
Mr. Prabhjit Singh Soni was appointed as IRP…