The case involves Gati Kintetsu Express and Mew Suspensions. The CIRP period of 180 days was completed on August 20, 2019. The Resolution Professional (RP) submitted that no resolution plan was received, and there was no cooperation from the corporate debtor. The Committee of Creditors (CoC) passed a resolution in its meeting on August 20, 2019, not to seek an extension of the CIRP period under section 12 of the IBC.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Gati Kintetsu Express. The CIRP period of 180 days concluded on August 20, 2019. The Resolution Professional (RP) reported the absence of a resolution plan and a lack of cooperation from the corporate debtor. A meeting of the Committee of Creditors (CoC) held on August 20, 2019, resulted in a resolution not to seek an extension of the CIRP period under Section 12 of the Insolvency and Bankruptcy Code (IBC). The RP expressed a desire to discontinue further liquidation proceedings due to personal reasons.
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The CIRP perio…
The Committee of Creditors (CoC) passed a…
The case involves Gati Kintetsu Express and Mew Suspensions. The CIRP period of 180 days was completed on August 20, 2019. The Resolution Professional (RP) submitted that no resolution plan was received, and there was no cooperation from the corporate debtor. The Committee of Creditors (CoC) passed a resolution in its meeting on August 20, 2019, not to seek an extension of the CIRP period under section 12 of the IBC.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Gati Kintetsu Express. The CIRP period of 180 days concluded on August 20, 2019. The Resolution Professional (RP) reported the absence of a resolution plan and a lack of cooperation from the corporate debtor. A meeting of the Committee of Creditors (CoC) held on August 20, 2019, resulted in a resolution not to seek an extension of the CIRP period under Section 12 of the Insolvency and Bankruptcy Code (IBC). The RP expressed a desire to discontinue further liquidation proceedings due to personal reasons.
The CIRP perio…
The Committee of Creditors (CoC) passed a…