The application IA/316/JPR/2019 was filed by the Resolution Professional under Section 33(2) read with Section 34 and 60(5) of the Insolvency and Bankruptcy Code (IBC), 2016, and Rule 11 of the NCLT Rules, 2016, for initiating liquidation proceedings against M/s. Ojasvi Agritech Private Limited, the Corporate Debtor. An earlier application under Section 9 of the IBC, 2016, was filed by Mr. Suraj Mal Sharma, the Operational Creditor. The Tribunal admitted the insolvency petition on 19.07.2019 and appointed Mrs. Pratibha Khandelwal as Interim Resolution Professional (IRP). The applicant made a public announcement on 21.07.2019 inviting claims from the creditors of the Corporate Debtor, receiving three claims. The Committee of Creditors (CoC) was constituted, with Bajaj
…M/s. Ojasvi Agritech Private Limited ('Corporate Debtor') faced insolvency proceedings. Mr. Suraj Mal Sharma ('Operational Creditor') initiated the process under Section 9 of the IBC, 2016. The insolvency petition was admitted on 19.07.2019, and Mrs. Pratibha Khandelwal was appointed as Interim Resolution Professional (IRP). A public announcement was made on 21.07.2019, inviting claims from creditors, resulting in three claims being received. The Committee of Creditors (CoC) was formed, with Bajaj Finance Limited as the sole Financial Creditor. In a CoC meeting on 06.09.2019, a resolution was passed with 100% voting rights to liquidate the Corporate Debtor, citing the absence of business activity for the past year and lack of assets. The Resolution Professional then
…Sign in to view the parties.
The Tribunal admitted the insolvency petition…
The Applicant made the public announcement…
The application IA/316/JPR/2019 was filed by the Resolution Professional under Section 33(2) read with Section 34 and 60(5) of the Insolvency and Bankruptcy Code (IBC), 2016, and Rule 11 of the NCLT Rules, 2016, for initiating liquidation proceedings against M/s. Ojasvi Agritech Private Limited, the Corporate Debtor. An earlier application under Section 9 of the IBC, 2016, was filed by Mr. Suraj Mal Sharma, the Operational Creditor. The Tribunal admitted the insolvency petition on 19.07.2019 and appointed Mrs. Pratibha Khandelwal as Interim Resolution Professional (IRP). The applicant made a public announcement on 21.07.2019 inviting claims from the creditors of the Corporate Debtor, receiving three claims. The Committee of Creditors (CoC) was constituted, with Bajaj
…M/s. Ojasvi Agritech Private Limited ('Corporate Debtor') faced insolvency proceedings. Mr. Suraj Mal Sharma ('Operational Creditor') initiated the process under Section 9 of the IBC, 2016. The insolvency petition was admitted on 19.07.2019, and Mrs. Pratibha Khandelwal was appointed as Interim Resolution Professional (IRP). A public announcement was made on 21.07.2019, inviting claims from creditors, resulting in three claims being received. The Committee of Creditors (CoC) was formed, with Bajaj Finance Limited as the sole Financial Creditor. In a CoC meeting on 06.09.2019, a resolution was passed with 100% voting rights to liquidate the Corporate Debtor, citing the absence of business activity for the past year and lack of assets. The Resolution Professional then
…The Tribunal admitted the insolvency petition…
The Applicant made the public announcement…