The case pertains to IA 794 of 2020 filed by the Resolution Professional (RP) of M/s. RMOL Engineering and Offshore Ltd., the Corporate Debtor, which was admitted into the Corporate Insolvency Resolution Process (CIRP) vide order dated 2019-08-21. The CIRP proceeded as per the rules, with the initial 180-day period ending on 2020-02-20, followed by a 90-day extension ending on 2020-05-19, and a further extended period of 330 days ending on 2020-07-18. During the CIRP, the Resolution Professional and Committee of Creditors (CoC) did not receive an acceptable Resolution Plan. In the 9th CoC meeting held on 2020-08-10, the CoC passed a resolution recommending to the Adjudicating Authority to pass an order for the liquidation of the Corporate Debtor as per Section 33 of
…M/s. RMOL Engineering and Offshore Ltd. was admitted into Corporate Insolvency Resolution Process (CIRP) on 2019-08-21. S. Gopalakrishnan was the Resolution Professional (RP). IFCI Limited was the Financial Creditor. The CIRP period, including extensions, concluded without an acceptable resolution plan. The Committee of Creditors (CoC) recommended liquidation in its 9th meeting on 2020-08-10. The CoC also suggested replacing the RP with Mr. Mukesh Verma as the liquidator. The RP, S. Gopalakrishnan, did not give written consent for his appointment as Liquidator. The Corporate Debtor's CIN is U35100GJ2012PLC070568.
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M/s. RMOL Engineering and Offshore Ltd. was…
The initial 1…
The case pertains to IA 794 of 2020 filed by the Resolution Professional (RP) of M/s. RMOL Engineering and Offshore Ltd., the Corporate Debtor, which was admitted into the Corporate Insolvency Resolution Process (CIRP) vide order dated 2019-08-21. The CIRP proceeded as per the rules, with the initial 180-day period ending on 2020-02-20, followed by a 90-day extension ending on 2020-05-19, and a further extended period of 330 days ending on 2020-07-18. During the CIRP, the Resolution Professional and Committee of Creditors (CoC) did not receive an acceptable Resolution Plan. In the 9th CoC meeting held on 2020-08-10, the CoC passed a resolution recommending to the Adjudicating Authority to pass an order for the liquidation of the Corporate Debtor as per Section 33 of
…M/s. RMOL Engineering and Offshore Ltd. was admitted into Corporate Insolvency Resolution Process (CIRP) on 2019-08-21. S. Gopalakrishnan was the Resolution Professional (RP). IFCI Limited was the Financial Creditor. The CIRP period, including extensions, concluded without an acceptable resolution plan. The Committee of Creditors (CoC) recommended liquidation in its 9th meeting on 2020-08-10. The CoC also suggested replacing the RP with Mr. Mukesh Verma as the liquidator. The RP, S. Gopalakrishnan, did not give written consent for his appointment as Liquidator. The Corporate Debtor's CIN is U35100GJ2012PLC070568.
M/s. RMOL Engineering and Offshore Ltd. was…
The initial 1…