The case involves an application filed by the Resolution Professional seeking the liquidation of the Corporate Debtor, M/s. Samaara Leather Private Limited, under Section 33(2) of the Insolvency and Bankruptcy Code (IBC), 2016. The Corporate Debtor's Corporate Insolvency Resolution Process (CIRP) was initiated, and the applicant was appointed as the Interim Resolution Professional (IRP) on 2019-04-12. A public announcement was made on 2019-04-19, inviting claims from creditors. Claims were filed by Financial and Operational Creditors, but no claims were received from workers and employees. The Committee of Creditors (CoC) was constituted on 2019-05-08, and its first meeting was held on 2019-05-13. The CoC resolved to appoint the applicant as the Resolution Professional
…M/s. Samaara Leather Private Limited underwent Corporate Insolvency Resolution Process (CIRP). The CIRP was initiated, and the applicant was appointed as the Interim Resolution Professional (IRP) on 2019-04-12. A public announcement was made on 2019-04-19, inviting claims from creditors. Claims were filed by Financial and Operational Creditors, but no claims were received from workers and employees. The Committee of Creditors (CoC) was constituted on 2019-05-08, and its first meeting was held on 2019-05-13. The CoC resolved to appoint the applicant as the Resolution Professional on 2019-05-13. Two IBBI Registered Valuers were appointed on 2019-05-22 for valuation of the Corporate Debtor's assets. The fair value of the assets was valued at Rs. 3,98,71,053/- and the
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The case involves an application filed by the Resolution Professional seeking the liquidation of the Corporate Debtor, M/s. Samaara Leather Private Limited, under Section 33(2) of the Insolvency and Bankruptcy Code (IBC), 2016. The Corporate Debtor's Corporate Insolvency Resolution Process (CIRP) was initiated, and the applicant was appointed as the Interim Resolution Professional (IRP) on 2019-04-12. A public announcement was made on 2019-04-19, inviting claims from creditors. Claims were filed by Financial and Operational Creditors, but no claims were received from workers and employees. The Committee of Creditors (CoC) was constituted on 2019-05-08, and its first meeting was held on 2019-05-13. The CoC resolved to appoint the applicant as the Resolution Professional
…M/s. Samaara Leather Private Limited underwent Corporate Insolvency Resolution Process (CIRP). The CIRP was initiated, and the applicant was appointed as the Interim Resolution Professional (IRP) on 2019-04-12. A public announcement was made on 2019-04-19, inviting claims from creditors. Claims were filed by Financial and Operational Creditors, but no claims were received from workers and employees. The Committee of Creditors (CoC) was constituted on 2019-05-08, and its first meeting was held on 2019-05-13. The CoC resolved to appoint the applicant as the Resolution Professional on 2019-05-13. Two IBBI Registered Valuers were appointed on 2019-05-22 for valuation of the Corporate Debtor's assets. The fair value of the assets was valued at Rs. 3,98,71,053/- and the
…The Applicant was…
Public announcement was made calling for…