The Corporate Insolvency Resolution Process (CIRP) of Kay Bee Cotgin Pvt. Ltd. was initiated by an Adjudicating Authority order dated 10.03.2026, following a Section 7 application filed by Punjab & Sindh Bank. Sandeep Kumar Chitkara was appointed as the Interim Resolution Professional (IRP). Subsequently, a settlement was reached between Punjab & Sindh Bank (the Financial Creditor) and the Suspended Management of Kay Bee Cotgin Pvt. Ltd., leading to the IRP filing an application under Section 12A of the IBC for withdrawal of the CIRP.
The Corporate Insolvency Resolution Process (CIRP) of Kay Bee Cotgin Pvt. Ltd. was initiated by an Adjudicating Authority order dated 10.03.2026, based on a Section 7 application filed by Punjab & Sindh Bank.
Sandeep Kumar Chitkara was appointed as the Interim Resolution Professional (IRP) on 10.03.2026, and a public announcement was made on the same date.
The Committee of Creditors (CoC) was constituted on 30.03.2026, comprising solely of Punjab & Sindh Bank with 100% voting share.
The first CoC meeting was convened on 07.04.2026, where Punjab & Sindh Bank intimated that a settlement had been reached with the Suspended Management and expressed its intent to withdraw the CIRP.
…Sign in to view the parties.
Corporate Insolvency Resolution Process (CIRP)…
Committee of Creditors (CoC) constituted,…
Sign in to view related legal provisions.
The Corporate Insolvency Resolution Process (CIRP) of Kay Bee Cotgin Pvt. Ltd. was initiated by an Adjudicating Authority order dated 10.03.2026, following a Section 7 application filed by Punjab & Sindh Bank. Sandeep Kumar Chitkara was appointed as the Interim Resolution Professional (IRP). Subsequently, a settlement was reached between Punjab & Sindh Bank (the Financial Creditor) and the Suspended Management of Kay Bee Cotgin Pvt. Ltd., leading to the IRP filing an application under Section 12A of the IBC for withdrawal of the CIRP.
The Corporate Insolvency Resolution Process (CIRP) of Kay Bee Cotgin Pvt. Ltd. was initiated by an Adjudicating Authority order dated 10.03.2026, based on a Section 7 application filed by Punjab & Sindh Bank.
Sandeep Kumar Chitkara was appointed as the Interim Resolution Professional (IRP) on 10.03.2026, and a public announcement was made on the same date.
The Committee of Creditors (CoC) was constituted on 30.03.2026, comprising solely of Punjab & Sindh Bank with 100% voting share.
The first CoC meeting was convened on 07.04.2026, where Punjab & Sindh Bank intimated that a settlement had been reached with the Suspended Management and expressed its intent to withdraw the CIRP.
…Corporate Insolvency Resolution Process (CIRP)…
Committee of Creditors (CoC) constituted,…
Sign in to view related legal provisions.