The case involves an application (IA 342/2017) filed in the Corporate Insolvency Resolution Process (CIRP) of Pooja Tex-Prints Pvt. Ltd. The CIRP was initiated based on a petition filed by an operational creditor, Gaurinandan Fashion Private Limited. The Adjudicating Authority admitted the petition and appointed Mr. Kailash Shah as the Interim Resolution Professional (IRP). A Committee of Creditors (CoC) was formed, consisting solely of Gaurinandan Fashion Private Limited. Resolution plans were submitted but not accepted by the CoC. Subsequently, the CoC resolved to liquidate the Corporate Debtor.
Gaurinandan Fashion Private Limited initiated Corporate Insolvency Resolution Process (CIRP) against Pooja Tex-Prints Pvt. Ltd. by filing C.P. (I.B.) No. 1/9/NCLT/AHM/2017. The petition was admitted on 2017-03-29 by the Adjudicating Authority, which then referred the matter to IBBI. Based on IBBI's recommendation, Mr. Kailash Shah was appointed as the Interim Resolution Professional (IRP). The IRP formed a Committee of Creditors (CoC) consisting solely of Gaurinandan Fashion Private Limited, the operational creditor. Resolution plans submitted by Mr. Kailash Shah and Mr. Akshay Vyas were rejected by the CoC. In a meeting on 2017-09-23, the CoC resolved to liquidate Pooja Tex-Prints Pvt. Ltd. The Resolution Professional filed an application seeking liquidation. The
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The Adjudicating Authority admitted the…
Interim Resolution Professional was appointed as…
The case involves an application (IA 342/2017) filed in the Corporate Insolvency Resolution Process (CIRP) of Pooja Tex-Prints Pvt. Ltd. The CIRP was initiated based on a petition filed by an operational creditor, Gaurinandan Fashion Private Limited. The Adjudicating Authority admitted the petition and appointed Mr. Kailash Shah as the Interim Resolution Professional (IRP). A Committee of Creditors (CoC) was formed, consisting solely of Gaurinandan Fashion Private Limited. Resolution plans were submitted but not accepted by the CoC. Subsequently, the CoC resolved to liquidate the Corporate Debtor.
Gaurinandan Fashion Private Limited initiated Corporate Insolvency Resolution Process (CIRP) against Pooja Tex-Prints Pvt. Ltd. by filing C.P. (I.B.) No. 1/9/NCLT/AHM/2017. The petition was admitted on 2017-03-29 by the Adjudicating Authority, which then referred the matter to IBBI. Based on IBBI's recommendation, Mr. Kailash Shah was appointed as the Interim Resolution Professional (IRP). The IRP formed a Committee of Creditors (CoC) consisting solely of Gaurinandan Fashion Private Limited, the operational creditor. Resolution plans submitted by Mr. Kailash Shah and Mr. Akshay Vyas were rejected by the CoC. In a meeting on 2017-09-23, the CoC resolved to liquidate Pooja Tex-Prints Pvt. Ltd. The Resolution Professional filed an application seeking liquidation. The
…The Adjudicating Authority admitted the…
Interim Resolution Professional was appointed as…