The case involves an application filed by the Resolution Professional (RP) under Section 33(1) of the Insolvency and Bankruptcy Code (IBC), 2016, seeking directions for the liquidation of the corporate debtor, M/S Royal Pressing and Components Private Limited. The operational creditor, M/S Ashutosh Steels Private Limited, had initially filed an application under Section 9 of the IBC for initiating the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor, which was admitted on 2019-03-15. Mr. Shashi Sharma was appointed as the Interim Resolution Professional (IRP).
M/S Ashutosh Steels Private Limited, an operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/S Royal Pressing and Components Private Limited, the corporate debtor. The application was admitted on 2019-03-15, and Mr. Shashi Sharma was appointed as the Interim Resolution Professional (IRP). Public announcements were made as per regulations. The IRP invited Expression of Interest (EOI) from prospective resolution applicants, but no application was received initially. The COC decided to extend the date and re-advertise the invitation. Two parties submitted EOIs, but one withdrew. Despite issuing information memorandum, evaluation matrix, and
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M/S Ashutosh Steels Private Limited filed an…
The application filed by M/S Ashutosh…
The case involves an application filed by the Resolution Professional (RP) under Section 33(1) of the Insolvency and Bankruptcy Code (IBC), 2016, seeking directions for the liquidation of the corporate debtor, M/S Royal Pressing and Components Private Limited. The operational creditor, M/S Ashutosh Steels Private Limited, had initially filed an application under Section 9 of the IBC for initiating the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor, which was admitted on 2019-03-15. Mr. Shashi Sharma was appointed as the Interim Resolution Professional (IRP).
M/S Ashutosh Steels Private Limited, an operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/S Royal Pressing and Components Private Limited, the corporate debtor. The application was admitted on 2019-03-15, and Mr. Shashi Sharma was appointed as the Interim Resolution Professional (IRP). Public announcements were made as per regulations. The IRP invited Expression of Interest (EOI) from prospective resolution applicants, but no application was received initially. The COC decided to extend the date and re-advertise the invitation. Two parties submitted EOIs, but one withdrew. Despite issuing information memorandum, evaluation matrix, and
…M/S Ashutosh Steels Private Limited filed an…
The application filed by M/S Ashutosh…