The case involves an insolvency resolution process initiated under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Insolvency Professional (Mr. Grover) filed a report listing claims received from four operational creditors. The Insolvency Professional also submitted his own bills for satisfaction by the Corporate Debtor.
The case pertains to an insolvency resolution process under the Insolvency and Bankruptcy Code, 2016. Tomorrow Sales Agency Pvt. Ltd. initiated proceedings against Raipur Power and Steel Ltd. & Ors. Mr. Grover, the Insolvency Professional, submitted a report listing claims from four operational creditors: M/s. Ghanshayam Misra & Sons Pvt. Ltd. (INR 6,27,32,569), M/s. Mayurbhanj Road Carriers (INR 1,51,67,185), M/s. Lal Trades & Agencies Pvt. Ltd. (INR 2,40,59,869), and M/s. Shivom Minerals Limited (INR 2,71,301). The Insolvency Professional stated that all operational creditors' claims and his own dues had been paid. This led the court to drop the insolvency process.
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Mr. Grover, the Insolvency Professional, filed…
The National Company…
The case involves an insolvency resolution process initiated under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Insolvency Professional (Mr. Grover) filed a report listing claims received from four operational creditors. The Insolvency Professional also submitted his own bills for satisfaction by the Corporate Debtor.
The case pertains to an insolvency resolution process under the Insolvency and Bankruptcy Code, 2016. Tomorrow Sales Agency Pvt. Ltd. initiated proceedings against Raipur Power and Steel Ltd. & Ors. Mr. Grover, the Insolvency Professional, submitted a report listing claims from four operational creditors: M/s. Ghanshayam Misra & Sons Pvt. Ltd. (INR 6,27,32,569), M/s. Mayurbhanj Road Carriers (INR 1,51,67,185), M/s. Lal Trades & Agencies Pvt. Ltd. (INR 2,40,59,869), and M/s. Shivom Minerals Limited (INR 2,71,301). The Insolvency Professional stated that all operational creditors' claims and his own dues had been paid. This led the court to drop the insolvency process.
Mr. Grover, the Insolvency Professional, filed…
The National Company…