The case involves an application (I.A. No.8/2021) filed in a Corporate Insolvency Resolution Process (CIRP) under Section 60(5) of the IBC Code, 2016, related to M/s. MVK Global Enterprises Private Limited. The CIRP was initiated via a company petition (CP (IB) No.197/9/AMR/2019) filed under section 9 of the IBC Code by the applicant, who is also the Corporate Debtor. The initial Resolution Professional (IRP), Mr. Kalyanam Raja Gopal, expressed his unwillingness to continue due to the Covid situation. Subsequently, Mr. Mannava Divakara Sarma was appointed as the IRP. The IRP found the Corporate Debtor's premises locked and unoccupied. A public announcement was made inviting claims, and only one claim was received from M/s. Viki Industries Private Limited, the
…M/s. MVK Global Enterprises Private Limited was undergoing CIRP based on a company petition (CP (IB) No.197/9/AMR/2019) filed under section 9 of the IBC Code. Mr. Kalyanam Raja Gopal was initially appointed as the IRP but later expressed his unwillingness to continue due to the Covid situation. Mr. Mannava Divakara Sarma was then appointed as the IRP on 18.12.2020. The IRP visited the Corporate Debtor's registered office on 19.12.2020 but found it locked. A public announcement was made on 21.02.2020, inviting claims from creditors. Only one claim was received from M/s. Viki Industries Private Limited, the Operational Creditor, for Rs.37,10,649/-, which was admitted. The Operational Creditor became the sole member of the CoC. The IRP stated that there were no assets and
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Company Petition numbered as CP (IB)…
Mr.Kalyanam Raja Gopal…
The case involves an application (I.A. No.8/2021) filed in a Corporate Insolvency Resolution Process (CIRP) under Section 60(5) of the IBC Code, 2016, related to M/s. MVK Global Enterprises Private Limited. The CIRP was initiated via a company petition (CP (IB) No.197/9/AMR/2019) filed under section 9 of the IBC Code by the applicant, who is also the Corporate Debtor. The initial Resolution Professional (IRP), Mr. Kalyanam Raja Gopal, expressed his unwillingness to continue due to the Covid situation. Subsequently, Mr. Mannava Divakara Sarma was appointed as the IRP. The IRP found the Corporate Debtor's premises locked and unoccupied. A public announcement was made inviting claims, and only one claim was received from M/s. Viki Industries Private Limited, the
…M/s. MVK Global Enterprises Private Limited was undergoing CIRP based on a company petition (CP (IB) No.197/9/AMR/2019) filed under section 9 of the IBC Code. Mr. Kalyanam Raja Gopal was initially appointed as the IRP but later expressed his unwillingness to continue due to the Covid situation. Mr. Mannava Divakara Sarma was then appointed as the IRP on 18.12.2020. The IRP visited the Corporate Debtor's registered office on 19.12.2020 but found it locked. A public announcement was made on 21.02.2020, inviting claims from creditors. Only one claim was received from M/s. Viki Industries Private Limited, the Operational Creditor, for Rs.37,10,649/-, which was admitted. The Operational Creditor became the sole member of the CoC. The IRP stated that there were no assets and
…Company Petition numbered as CP (IB)…
Mr.Kalyanam Raja Gopal…