The case pertains to MA 12/2019 in C.P.(IB)-162(MB)/2018 before the National Company Law Tribunal (NCLT), Mumbai Bench. The Resolution Professional (RP) filed an application seeking initiation of liquidation for Royal Hygiene Care Private Limited. The Corporate Debtor was admitted into CIRP on 16.04.2018. An Interim Resolution Professional (IRP), Ms. Dipti Mehta, was initially appointed, followed by Mr. Adesh Kumar Gupta as the RP. The Committee of Creditors (CoC) was formed, and several meetings were held to discuss the resolution process, including the appointment of valuers and the extension of the CIRP period. Public announcements were made to invite claims from creditors and expressions of interest (EoI) for resolution plans.
Royal Hygiene Care Private Limited was undergoing Corporate Insolvency Resolution Process (CIRP). The CIRP was initiated following a petition under Section 10 of the Insolvency and Bankruptcy Code, 2016, which was admitted on 16.04.2018. Ms. Dipti Mehta was initially appointed as the Interim Resolution Professional (IRP), later replaced by Mr. Adesh Kumar Gupta. The Committee of Creditors (CoC) was formed, comprising The Federal Bank Ltd., Bank of India, and India SME Asset Reconstruction Co. Ltd. Several CoC meetings were held to discuss the resolution process. Two valuers were appointed to determine the value of the assets. Public announcements were made to invite claims from creditors and expressions of interest (EoI) for resolution plans. However, no resolution
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Petition under Section 10 of the Insolvency…
IRP issued public…
The case pertains to MA 12/2019 in C.P.(IB)-162(MB)/2018 before the National Company Law Tribunal (NCLT), Mumbai Bench. The Resolution Professional (RP) filed an application seeking initiation of liquidation for Royal Hygiene Care Private Limited. The Corporate Debtor was admitted into CIRP on 16.04.2018. An Interim Resolution Professional (IRP), Ms. Dipti Mehta, was initially appointed, followed by Mr. Adesh Kumar Gupta as the RP. The Committee of Creditors (CoC) was formed, and several meetings were held to discuss the resolution process, including the appointment of valuers and the extension of the CIRP period. Public announcements were made to invite claims from creditors and expressions of interest (EoI) for resolution plans.
Royal Hygiene Care Private Limited was undergoing Corporate Insolvency Resolution Process (CIRP). The CIRP was initiated following a petition under Section 10 of the Insolvency and Bankruptcy Code, 2016, which was admitted on 16.04.2018. Ms. Dipti Mehta was initially appointed as the Interim Resolution Professional (IRP), later replaced by Mr. Adesh Kumar Gupta. The Committee of Creditors (CoC) was formed, comprising The Federal Bank Ltd., Bank of India, and India SME Asset Reconstruction Co. Ltd. Several CoC meetings were held to discuss the resolution process. Two valuers were appointed to determine the value of the assets. Public announcements were made to invite claims from creditors and expressions of interest (EoI) for resolution plans. However, no resolution
…Petition under Section 10 of the Insolvency…
IRP issued public…