The case pertains to the Corporate Insolvency Resolution Process (CIRP) initiated against Moser Baer India Limited. Alchemist Asset Reconstruction Company Limited, a financial creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, leading to the initiation of CIRP. The application was admitted on 2017-11-14, and Mr. Debendra Singh was appointed as the Interim Resolution Professional (IRP). The IRP made a public announcement and took over the management of the corporate debtor's assets. The IRP also appointed registered valuers to determine the liquidation value and prepared an Information Memorandum. Despite multiple extensions, no resolution plan was received, leading the Committee of Creditors (CoC) to decide on liquidation.
Alchemist Asset Reconstruction Company Limited, a financial creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Moser Baer India Limited by filing an application under Section 7 of the Insolvency and Bankruptcy Code, 2016. The application was admitted on 2017-11-14, and Mr. Debendra Singh was appointed as the Interim Resolution Professional (IRP). The IRP made a public announcement, took over the management of the corporate debtor's assets, and appointed registered valuers. The IRP also prepared an Information Memorandum. The Committee of Creditors (CoC) approved the extension of the CIRP period. Despite multiple extensions for submission of resolution plans, no plan was received. Dixon Technologies (India) Limited submitted an Expression of
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Application under Section 7 of IBC admitted;…
Mr. Debendra Singh…
The case pertains to the Corporate Insolvency Resolution Process (CIRP) initiated against Moser Baer India Limited. Alchemist Asset Reconstruction Company Limited, a financial creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, leading to the initiation of CIRP. The application was admitted on 2017-11-14, and Mr. Debendra Singh was appointed as the Interim Resolution Professional (IRP). The IRP made a public announcement and took over the management of the corporate debtor's assets. The IRP also appointed registered valuers to determine the liquidation value and prepared an Information Memorandum. Despite multiple extensions, no resolution plan was received, leading the Committee of Creditors (CoC) to decide on liquidation.
Alchemist Asset Reconstruction Company Limited, a financial creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Moser Baer India Limited by filing an application under Section 7 of the Insolvency and Bankruptcy Code, 2016. The application was admitted on 2017-11-14, and Mr. Debendra Singh was appointed as the Interim Resolution Professional (IRP). The IRP made a public announcement, took over the management of the corporate debtor's assets, and appointed registered valuers. The IRP also prepared an Information Memorandum. The Committee of Creditors (CoC) approved the extension of the CIRP period. Despite multiple extensions for submission of resolution plans, no plan was received. Dixon Technologies (India) Limited submitted an Expression of
…Application under Section 7 of IBC admitted;…
Mr. Debendra Singh…