The Corporate Debtor, RK Silk Mills India Limited, was admitted into Corporate Insolvency Resolution Process (CIRP) on November 19, 2019. Mr. Prashant Agrawal was appointed as the Interim Resolution Professional, and his appointment as Resolution Professional was confirmed on January 27, 2020. During the CIRP, no resolution plan was submitted, leading the Committee of Creditors (CoC) to conclude in its fourth meeting on June 22, 2020, that the revival of the Corporate Debtor was not feasible. Consequently, the CoC decided to liquidate the Corporate Debtor under Section 33 of the Insolvency and Bankruptcy Code, 2016, with a 100% voting share. The NCLT, Bench-IV, Delhi, then ordered the liquidation on February 21, 2022, appointing Mr. Prashant Agrawal as the Liquidator and directing the initiation of liquidation proceedings.

The Corporate Debtor, RK Silk Mills India Limited, was admitted into Corporate Insolvency Resolution Process (CIRP) on November 19, 2019. Mr. Prashant Agrawal was appointed as the Interim Resolution Professional, and his appointment as Resolution Professional was confirmed on January 27, 2020. During the CIRP, no resolution plan was submitted, leading the Committee of Creditors (CoC) to conclude in its fourth meeting on June 22, 2020, that the revival of the Corporate Debtor was not feasible. Consequently, the CoC decided to liquidate the Corporate Debtor under Section 33 of the Insolvency and Bankruptcy Code, 2016, with a 100% voting share. The NCLT, Bench-IV, Delhi, then ordered the liquidation on February 21, 2022, appointing Mr. Prashant Agrawal as the Liquidator and directing the initiation of liquidation proceedings.