The case involves an application filed by the Resolution Professional under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking directions for the liquidation of the Corporate Debtor, M/s. Radhey Sham Tandon Manufacturing Private Limited. The financial creditor, Small Industries Development Bank of India, had previously filed a Company Petition under Section 7 of the Code for initiating the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, which was admitted on 10.10.2019. Mr. Sanjeev Bindal was appointed as the Interim Resolution Professional (IRP).
The Small Industries Development Bank of India, acting as the financial creditor, initiated a Corporate Insolvency Resolution Process (CIRP) against M/s Radhey Sham Tandon Manufacturing Pvt. Ltd., the corporate debtor, by filing a Company Petition under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. This petition, numbered IB-1825(PB)/2019, was admitted on 10.10.2019. Mr. Sanjeev Bindal was appointed as the Interim Resolution Professional (IRP). The corporate debtor had ceased business operations for more than two years and possessed limited assets, including immovable properties in Bawal, Rewari, Haryana, and Gurugram. The Committee of Creditors (CoC) decided in its 5th meeting on 24.02.2020, with a 100% voting share, to liquidate the corporate debtor's
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The Tribunal admitted the Company Petition…
The Committee of Creditors (CoC) decided in its…
The case involves an application filed by the Resolution Professional under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking directions for the liquidation of the Corporate Debtor, M/s. Radhey Sham Tandon Manufacturing Private Limited. The financial creditor, Small Industries Development Bank of India, had previously filed a Company Petition under Section 7 of the Code for initiating the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, which was admitted on 10.10.2019. Mr. Sanjeev Bindal was appointed as the Interim Resolution Professional (IRP).
The Small Industries Development Bank of India, acting as the financial creditor, initiated a Corporate Insolvency Resolution Process (CIRP) against M/s Radhey Sham Tandon Manufacturing Pvt. Ltd., the corporate debtor, by filing a Company Petition under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. This petition, numbered IB-1825(PB)/2019, was admitted on 10.10.2019. Mr. Sanjeev Bindal was appointed as the Interim Resolution Professional (IRP). The corporate debtor had ceased business operations for more than two years and possessed limited assets, including immovable properties in Bawal, Rewari, Haryana, and Gurugram. The Committee of Creditors (CoC) decided in its 5th meeting on 24.02.2020, with a 100% voting share, to liquidate the corporate debtor's
…The Tribunal admitted the Company Petition…
The Committee of Creditors (CoC) decided in its…