Mr. Sanjay Mehra, the Resolution Professional (RP) for Punj Security & Housekeeping Services Private Limited (Corporate Debtor), filed an application under Section 33(1)(a) of the IBC, 2016, seeking initiation of liquidation. The Corporate Insolvency Resolution Process (CIRP) was initiated on 25.08.2022, and public announcements for claims were made. Claims were received from a related party financial creditor (Punj Foods & Facility Management Private Limited) and various operational creditors, including government departments and individuals. The Committee of Creditors (CoC) was formed and reconstituted multiple times. Expressions of Interest (EOIs) were invited, but no resolution plan was submitted by the prospective resolution applicants within the
…The present Application has been filed by Mr. Sanjay Mehra, Resolution Professional (RP), for Punj Security & Housekeeping Services Private Limited, Corporate Debtor, under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016, seeking initiation of liquidation.
The CIRP was initiated pursuant to the order dated 25.08.2022 of the Adjudicating Authority.
The order was communicated to the Interim Resolution Professional (IRP) on 26.08.2022, whereupon the IRP assumed charge.
Public announcements inviting claims were published in two newspapers on 27.08.2022, fixing 09.09.2022 as the last date for submission of claims.
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Corporate Insolvency Resolution Process (CIRP)…
CIRP initiation order communicated to the…
Mr. Sanjay Mehra, the Resolution Professional (RP) for Punj Security & Housekeeping Services Private Limited (Corporate Debtor), filed an application under Section 33(1)(a) of the IBC, 2016, seeking initiation of liquidation. The Corporate Insolvency Resolution Process (CIRP) was initiated on 25.08.2022, and public announcements for claims were made. Claims were received from a related party financial creditor (Punj Foods & Facility Management Private Limited) and various operational creditors, including government departments and individuals. The Committee of Creditors (CoC) was formed and reconstituted multiple times. Expressions of Interest (EOIs) were invited, but no resolution plan was submitted by the prospective resolution applicants within the
…The present Application has been filed by Mr. Sanjay Mehra, Resolution Professional (RP), for Punj Security & Housekeeping Services Private Limited, Corporate Debtor, under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016, seeking initiation of liquidation.
The CIRP was initiated pursuant to the order dated 25.08.2022 of the Adjudicating Authority.
The order was communicated to the Interim Resolution Professional (IRP) on 26.08.2022, whereupon the IRP assumed charge.
Public announcements inviting claims were published in two newspapers on 27.08.2022, fixing 09.09.2022 as the last date for submission of claims.
…Corporate Insolvency Resolution Process (CIRP)…
CIRP initiation order communicated to the…