The case involves an application filed by the Resolution Professional, P. Shivan Raju, under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, for initiating the liquidation process against Onus Enterprises Private Limited, the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated by the Tribunal on March 3, 2020, following the admission of a petition under Section 7 of the Code. P. Shivan Raju was appointed as the Interim Resolution Professional (IRP).
The Corporate Insolvency Resolution Process (CIRP) of Onus Enterprises Private Limited was initiated on 2020-03-03 by the NCLT Mumbai Bench. Mr. P Shivan Raju was appointed as the Interim Resolution Professional (IRP). A public announcement was made on 2020-03-12 to invite claims from creditors. The Committee of Creditors (CoC) was constituted on 2020-09-18. In the first CoC meeting on 2020-09-25, the members resolved to liquidate the Corporate Debtor with an 88.26% majority. The Resolution Professional communicated his unwillingness to continue in his role. Anil Vrijdas Rajkotia was appointed as the Resolution Professional/liquidator. An application was filed on 2021-05-07 seeking liquidation under Section 33(2) of the Insolvency and Bankruptcy Code, 2016.
Sign in to view the parties.
Corporate Insolvency…
IRP made a public…
The case involves an application filed by the Resolution Professional, P. Shivan Raju, under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, for initiating the liquidation process against Onus Enterprises Private Limited, the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated by the Tribunal on March 3, 2020, following the admission of a petition under Section 7 of the Code. P. Shivan Raju was appointed as the Interim Resolution Professional (IRP).
The Corporate Insolvency Resolution Process (CIRP) of Onus Enterprises Private Limited was initiated on 2020-03-03 by the NCLT Mumbai Bench. Mr. P Shivan Raju was appointed as the Interim Resolution Professional (IRP). A public announcement was made on 2020-03-12 to invite claims from creditors. The Committee of Creditors (CoC) was constituted on 2020-09-18. In the first CoC meeting on 2020-09-25, the members resolved to liquidate the Corporate Debtor with an 88.26% majority. The Resolution Professional communicated his unwillingness to continue in his role. Anil Vrijdas Rajkotia was appointed as the Resolution Professional/liquidator. An application was filed on 2021-05-07 seeking liquidation under Section 33(2) of the Insolvency and Bankruptcy Code, 2016.
Corporate Insolvency…
IRP made a public…