The case pertains to an application filed by the Resolution Professional (RP) under Section 33(1) of the Insolvency and Bankruptcy Code, 2016, seeking directions for the liquidation of the Corporate Debtor, M/s. Royal Wood Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor following an application under Section 7 of the Code by a Financial Creditor. The application was admitted on 24.05.2019, and Mr. Prawin Charan Dwary was appointed as the Interim Resolution Professional (IRP). Public announcements were made, and a Committee of Creditors (CoC) was constituted. Several CoC meetings were held to discuss the progress of the CIRP, including the invitation of Expression of Interest (Eol), eligibility criteria, and
…The Resolution Professional (RP) filed an application under Section 33(1) of the Insolvency and Bankruptcy Code, 2016, seeking directions for the liquidation of M/s. Royal Wood Private Limited, the Corporate Debtor. A Financial Creditor had previously initiated Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor under Section 7 of the Code, which was admitted on 24.05.2019. Mr. Prawin Charan Dwary was appointed as the Interim Resolution Professional (IRP). Public announcements were made, and a Committee of Creditors (CoC) was formed. The CoC convened several meetings to discuss the CIRP's progress, including inviting Expressions of Interest (Eols). The RP informed the CoC about the valuation of the Corporate Debtor's assets. Despite receiving
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Application under Section 7 of the Code…
Mr. Prawin Charan Dwary…
The case pertains to an application filed by the Resolution Professional (RP) under Section 33(1) of the Insolvency and Bankruptcy Code, 2016, seeking directions for the liquidation of the Corporate Debtor, M/s. Royal Wood Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor following an application under Section 7 of the Code by a Financial Creditor. The application was admitted on 24.05.2019, and Mr. Prawin Charan Dwary was appointed as the Interim Resolution Professional (IRP). Public announcements were made, and a Committee of Creditors (CoC) was constituted. Several CoC meetings were held to discuss the progress of the CIRP, including the invitation of Expression of Interest (Eol), eligibility criteria, and
…The Resolution Professional (RP) filed an application under Section 33(1) of the Insolvency and Bankruptcy Code, 2016, seeking directions for the liquidation of M/s. Royal Wood Private Limited, the Corporate Debtor. A Financial Creditor had previously initiated Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor under Section 7 of the Code, which was admitted on 24.05.2019. Mr. Prawin Charan Dwary was appointed as the Interim Resolution Professional (IRP). Public announcements were made, and a Committee of Creditors (CoC) was formed. The CoC convened several meetings to discuss the CIRP's progress, including inviting Expressions of Interest (Eols). The RP informed the CoC about the valuation of the Corporate Debtor's assets. Despite receiving
…Application under Section 7 of the Code…
Mr. Prawin Charan Dwary…