The case pertains to an application filed by the Resolution Professional under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016, seeking directions for the liquidation of the corporate debtor, M/s. PD Advisory Services LLP. The Financial Creditor, Mr. Bharat Chugh, had previously filed an application under Section 7 of the Code for initiating the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor, which was admitted on 21.10.2019. Ms. Maya Gupta was appointed as the Interim Resolution Professional (IRP).
The Financial Creditor, Bharat Chugh, initiated Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, M/s. PD Advisory Services LLP, under Section 7 of the Insolvency and Bankruptcy Code, 2016. The application was admitted on 2019-10-21. Maya Gupta was appointed as the Interim Resolution Professional (IRP). A Committee of Creditors (CoC) was formed, with Bharat Chugh as the sole member holding 100% voting share. The IRP issued Form-G to invite Expression of Interest (Eol) for resolution plans, with a deadline of 2020-02-10. However, no Eol was received. The Resolution Professional (RP) informed the CoC that no resolution plan was submitted as per regulation 36A of IBBI (CIRP) Regulations, 2016. Consequently, the CoC resolved to liquidate the
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The application under Section 7 of the…
The first meeting of the Committee of…
The case pertains to an application filed by the Resolution Professional under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016, seeking directions for the liquidation of the corporate debtor, M/s. PD Advisory Services LLP. The Financial Creditor, Mr. Bharat Chugh, had previously filed an application under Section 7 of the Code for initiating the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor, which was admitted on 21.10.2019. Ms. Maya Gupta was appointed as the Interim Resolution Professional (IRP).
The Financial Creditor, Bharat Chugh, initiated Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, M/s. PD Advisory Services LLP, under Section 7 of the Insolvency and Bankruptcy Code, 2016. The application was admitted on 2019-10-21. Maya Gupta was appointed as the Interim Resolution Professional (IRP). A Committee of Creditors (CoC) was formed, with Bharat Chugh as the sole member holding 100% voting share. The IRP issued Form-G to invite Expression of Interest (Eol) for resolution plans, with a deadline of 2020-02-10. However, no Eol was received. The Resolution Professional (RP) informed the CoC that no resolution plan was submitted as per regulation 36A of IBBI (CIRP) Regulations, 2016. Consequently, the CoC resolved to liquidate the
…The application under Section 7 of the…
The first meeting of the Committee of…