The case involves the Corporate Insolvency Resolution Process (CIRP) of Meena Jewellers Exclusive Private Limited. The CIRP was initiated based on a petition filed by State Bank of India under Section 7 of the Insolvency and Bankruptcy Code (IBC). The CIRP commenced on November 26, 2019. An application was filed by the Resolution Professional under Section 33(1)(a) of the IBC seeking orders for liquidation of Meena Jewellers Exclusive Private Limited. The Committee of Creditors (CoC) voted in favor of liquidation with 100% voting share as no viable resolution plan was received. An application (IA No. 727/2020) was filed by Mr. Uday Pilani under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, praying the Tribunal to pass an order to direct the Resolution
…The State Bank of India initiated Corporate Insolvency Resolution Process (CIRP) against Meena Jewellers Exclusive Private Limited under Section 7 of the Insolvency and Bankruptcy Code (IBC). The CIRP was admitted on November 26, 2019. Dr. K.V. Srinivas was appointed as the Resolution Professional. The CIRP period ended on August 6, 2020, after excluding 74 days due to the COVID-19 lockdown. The Ex-Management/Directors did not cooperate and dishonored their undertakings. The Committee of Creditors (CoC) voted in favor of liquidation with 100% voting share, as no viable resolution plan was received. Mr. Uday Pilani filed an application (IA No. 727/2020) seeking permission to submit a resolution plan, claiming he was unable to submit it earlier due to the COVID-19
…Sign in to view the parties.
The Tribunal admitted the petition bearing CP…
RP invited Expression of Interest and submission…
The case involves the Corporate Insolvency Resolution Process (CIRP) of Meena Jewellers Exclusive Private Limited. The CIRP was initiated based on a petition filed by State Bank of India under Section 7 of the Insolvency and Bankruptcy Code (IBC). The CIRP commenced on November 26, 2019. An application was filed by the Resolution Professional under Section 33(1)(a) of the IBC seeking orders for liquidation of Meena Jewellers Exclusive Private Limited. The Committee of Creditors (CoC) voted in favor of liquidation with 100% voting share as no viable resolution plan was received. An application (IA No. 727/2020) was filed by Mr. Uday Pilani under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, praying the Tribunal to pass an order to direct the Resolution
…The State Bank of India initiated Corporate Insolvency Resolution Process (CIRP) against Meena Jewellers Exclusive Private Limited under Section 7 of the Insolvency and Bankruptcy Code (IBC). The CIRP was admitted on November 26, 2019. Dr. K.V. Srinivas was appointed as the Resolution Professional. The CIRP period ended on August 6, 2020, after excluding 74 days due to the COVID-19 lockdown. The Ex-Management/Directors did not cooperate and dishonored their undertakings. The Committee of Creditors (CoC) voted in favor of liquidation with 100% voting share, as no viable resolution plan was received. Mr. Uday Pilani filed an application (IA No. 727/2020) seeking permission to submit a resolution plan, claiming he was unable to submit it earlier due to the COVID-19
…The Tribunal admitted the petition bearing CP…
RP invited Expression of Interest and submission…