The case involves an application filed by the Resolution Professional (RP) of M/s. Millennium Wires Private Limited (Corporate Debtor) seeking an order for the liquidation of the corporate debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated following a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by Oriental Bank of Commerce (Financial Creditor). The petition was admitted on 2018-08-30, and a moratorium was declared. Adesh Kumar Singla was appointed as the Interim Resolution Professional (IRP) on 2018-09-07 and later retained as the Resolution Professional. Form G was published to invite Expression of Interest (EOI), but no resolution plan was received. The Committee of Creditors (COC) decided on 2019-02-12 that
…Oriental Bank of Commerce, the Financial Creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s. Millennium Wires Private Limited, the Corporate Debtor. The petition was admitted on 2018-08-30, and a moratorium was declared. Adesh Kumar Singla was appointed as the Interim Resolution Professional (IRP) on 2018-09-07 and later retained as the Resolution Professional. Form G was published to invite Expression of Interest (EOI) with a deadline of 2018-11-25, but no resolution plan was received. The Committee of Creditors (COC) decided on 2019-02-12 that liquidation was the only alternative. The COC noted that the corporate debtor's assets had already been sold by
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Petition under Section…
Adesh Kumar Singla was…
The case involves an application filed by the Resolution Professional (RP) of M/s. Millennium Wires Private Limited (Corporate Debtor) seeking an order for the liquidation of the corporate debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated following a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by Oriental Bank of Commerce (Financial Creditor). The petition was admitted on 2018-08-30, and a moratorium was declared. Adesh Kumar Singla was appointed as the Interim Resolution Professional (IRP) on 2018-09-07 and later retained as the Resolution Professional. Form G was published to invite Expression of Interest (EOI), but no resolution plan was received. The Committee of Creditors (COC) decided on 2019-02-12 that
…Oriental Bank of Commerce, the Financial Creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s. Millennium Wires Private Limited, the Corporate Debtor. The petition was admitted on 2018-08-30, and a moratorium was declared. Adesh Kumar Singla was appointed as the Interim Resolution Professional (IRP) on 2018-09-07 and later retained as the Resolution Professional. Form G was published to invite Expression of Interest (EOI) with a deadline of 2018-11-25, but no resolution plan was received. The Committee of Creditors (COC) decided on 2019-02-12 that liquidation was the only alternative. The COC noted that the corporate debtor's assets had already been sold by
…Petition under Section…
Adesh Kumar Singla was…