Arizona Global Services Private Limited filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, leading to the initiation of the Corporate Insolvency Resolution Process (CIRP) against New Age Satellite Services Private Limited. An Interim Resolution Professional (IRP) was appointed. Subsequently, the IRP was replaced by a Resolution Professional (RP), Hemant Gupta, following a resolution passed by the Committee of Creditors (CoC).
Arizona Global Services Private Limited initiated CIRP against New Age Satellite Services Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. Mnish Jain was initially appointed as the Interim Resolution Professional (IRP). A public announcement was made on 2020-02-18 in Business Standard (English) and Ekdin (Bengali) newspapers, setting 2020-03-02 as the last date for submitting claims. The Committee of Creditors (CoC) was formed with one Financial Creditor. Hemant Gupta replaced the initial IRP as the Resolution Professional (RP). The CoC resolved to liquidate the Corporate Debtor due to the absence of business activity and the unlikelihood of revival. The CoC held meetings on 2020-06-22, 2020-08-24, and 2020-10-22. The CoC voted with 97.47%
…Sign in to view the parties.
The Adjudicating Authority directed the…
Public announcement was made in Business…
Arizona Global Services Private Limited filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, leading to the initiation of the Corporate Insolvency Resolution Process (CIRP) against New Age Satellite Services Private Limited. An Interim Resolution Professional (IRP) was appointed. Subsequently, the IRP was replaced by a Resolution Professional (RP), Hemant Gupta, following a resolution passed by the Committee of Creditors (CoC).
Arizona Global Services Private Limited initiated CIRP against New Age Satellite Services Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. Mnish Jain was initially appointed as the Interim Resolution Professional (IRP). A public announcement was made on 2020-02-18 in Business Standard (English) and Ekdin (Bengali) newspapers, setting 2020-03-02 as the last date for submitting claims. The Committee of Creditors (CoC) was formed with one Financial Creditor. Hemant Gupta replaced the initial IRP as the Resolution Professional (RP). The CoC resolved to liquidate the Corporate Debtor due to the absence of business activity and the unlikelihood of revival. The CoC held meetings on 2020-06-22, 2020-08-24, and 2020-10-22. The CoC voted with 97.47%
…The Adjudicating Authority directed the…
Public announcement was made in Business…