The case involves an application under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, for the liquidation of Raipur Polymers Private Limited. The corporate insolvency resolution process (CIRP) was initiated based on an application by Calcopolychem Private Limited under Section 9 of the IBC, and the application was admitted on March 31, 2021. Saradidnu Jena was appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional. The Committee of Creditors (COC), with Federal Bank Limited holding 100% voting shares, resolved to initiate liquidation.
Calcopolychem Private Limited initiated corporate insolvency resolution process (CIRP) against Raipur Polymers Private Limited under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The application was admitted on March 31, 2021. Mr. Saradidnu Jena was appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional. The Committee of Creditors (COC), with Federal Bank Limited holding 100% voting shares, resolved to initiate liquidation of Raipur Polymers Private Limited. The resolution for liquidation was approved with 100% votes. The Resolution Professional then filed an application (IA (IB) 53/CB/2021) under Section 33(2) of the IBC seeking an order for liquidation.
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Application under…
Saradidnu Jena's…
The case involves an application under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, for the liquidation of Raipur Polymers Private Limited. The corporate insolvency resolution process (CIRP) was initiated based on an application by Calcopolychem Private Limited under Section 9 of the IBC, and the application was admitted on March 31, 2021. Saradidnu Jena was appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional. The Committee of Creditors (COC), with Federal Bank Limited holding 100% voting shares, resolved to initiate liquidation.
Calcopolychem Private Limited initiated corporate insolvency resolution process (CIRP) against Raipur Polymers Private Limited under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The application was admitted on March 31, 2021. Mr. Saradidnu Jena was appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional. The Committee of Creditors (COC), with Federal Bank Limited holding 100% voting shares, resolved to initiate liquidation of Raipur Polymers Private Limited. The resolution for liquidation was approved with 100% votes. The Resolution Professional then filed an application (IA (IB) 53/CB/2021) under Section 33(2) of the IBC seeking an order for liquidation.
Application under…
Saradidnu Jena's…