The case involves a Miscellaneous Application (MA/344/2018) filed in CP/541/IB/2017 under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking an order for the liquidation of the Corporate Debtor, M/s. Meka Dredging Company Private Limited. The Corporate Debtor was undergoing Corporate Insolvency Resolution Process (CIRP) since 2018-02-09, which expired on 2018-08-08. The CIRP was initiated following a petition filed by the Financial Creditor, M/s. L&T Finance Limited, under Section 7 of the I&B Code, 2016. The Resolution Professional (RP) made a public announcement inviting claims from creditors. The Committee of Creditors (CoCs) was constituted, and they appointed Mr. Dhiren Shantilal Shah as RP. Despite efforts, no resolution plan was
…M/s. Meka Dredging Company Private Limited was undergoing Corporate Insolvency Resolution Process (CIRP) since 2018-02-09. The CIRP period of 180 days expired on 2018-08-08. The CIRP was initiated by M/s. L&T Finance Limited, the Financial Creditor, under Section 7 of the I&B Code, 2016. Mr. Dhiren Shantilal Shah was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). A public announcement was made inviting claims from creditors. The Committee of Creditors (CoCs) was constituted. The CoCs voted on a resolution for liquidation, with ARCIL holding 70.11% vote share voting in favor of liquidation and L&T Finance holding 29.89% vote share voting against it. No resolution plan was forthcoming despite the efforts
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CP/541/IB/CB/2…
Corporate Insolvency Resolution Process…
The case involves a Miscellaneous Application (MA/344/2018) filed in CP/541/IB/2017 under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking an order for the liquidation of the Corporate Debtor, M/s. Meka Dredging Company Private Limited. The Corporate Debtor was undergoing Corporate Insolvency Resolution Process (CIRP) since 2018-02-09, which expired on 2018-08-08. The CIRP was initiated following a petition filed by the Financial Creditor, M/s. L&T Finance Limited, under Section 7 of the I&B Code, 2016. The Resolution Professional (RP) made a public announcement inviting claims from creditors. The Committee of Creditors (CoCs) was constituted, and they appointed Mr. Dhiren Shantilal Shah as RP. Despite efforts, no resolution plan was
…M/s. Meka Dredging Company Private Limited was undergoing Corporate Insolvency Resolution Process (CIRP) since 2018-02-09. The CIRP period of 180 days expired on 2018-08-08. The CIRP was initiated by M/s. L&T Finance Limited, the Financial Creditor, under Section 7 of the I&B Code, 2016. Mr. Dhiren Shantilal Shah was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). A public announcement was made inviting claims from creditors. The Committee of Creditors (CoCs) was constituted. The CoCs voted on a resolution for liquidation, with ARCIL holding 70.11% vote share voting in favor of liquidation and L&T Finance holding 29.89% vote share voting against it. No resolution plan was forthcoming despite the efforts
…CP/541/IB/CB/2…
Corporate Insolvency Resolution Process…