The case pertains to the Corporate Insolvency Resolution Process (CIRP) initiated against Sarveshwar Creations Private Limited. The CIRP was initiated on 2020-02-13, and Mr. Manohar Lal Vij was appointed as the Interim Resolution Professional (IRP). Public announcements were made, and claims were received from Canara Bank (erstwhile Syndicate Bank) and Union Bank of India. Canara Bank's claim was accepted, while Union Bank of India's claim was rejected due to a lack of supporting documents. The IRP was appointed as the Resolution Professional (RP) in the first Committee of Creditors (CoC) meeting. The RP published Form G, inviting expressions of interest for a resolution plan. Three prospective resolution applicants submitted their EOI. Canara Bank became the sole
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Sarveshwar Creations Private Limited on 2020-02-13. Mr. Manohar Lal Vij was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). Two financial creditors, Canara Bank (erstwhile Syndicate Bank) and Union Bank of India, submitted claims. Canara Bank's claim was accepted, while Union Bank of India's claim was initially rejected due to missing documents but later admitted as an unsecured debt following an order from NCLAT. Three prospective resolution applicants expressed interest, but only one resolution plan was received from Mr. Kartikeya Singh and Ms. Geetica Kweera. Ms. Kweera was found ineligible under Section 29A of the IBC, leaving Mr. Singh as
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CIRP initiated…
Mr. Manohar Lal Vij…
The case pertains to the Corporate Insolvency Resolution Process (CIRP) initiated against Sarveshwar Creations Private Limited. The CIRP was initiated on 2020-02-13, and Mr. Manohar Lal Vij was appointed as the Interim Resolution Professional (IRP). Public announcements were made, and claims were received from Canara Bank (erstwhile Syndicate Bank) and Union Bank of India. Canara Bank's claim was accepted, while Union Bank of India's claim was rejected due to a lack of supporting documents. The IRP was appointed as the Resolution Professional (RP) in the first Committee of Creditors (CoC) meeting. The RP published Form G, inviting expressions of interest for a resolution plan. Three prospective resolution applicants submitted their EOI. Canara Bank became the sole
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Sarveshwar Creations Private Limited on 2020-02-13. Mr. Manohar Lal Vij was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). Two financial creditors, Canara Bank (erstwhile Syndicate Bank) and Union Bank of India, submitted claims. Canara Bank's claim was accepted, while Union Bank of India's claim was initially rejected due to missing documents but later admitted as an unsecured debt following an order from NCLAT. Three prospective resolution applicants expressed interest, but only one resolution plan was received from Mr. Kartikeya Singh and Ms. Geetica Kweera. Ms. Kweera was found ineligible under Section 29A of the IBC, leaving Mr. Singh as
…CIRP initiated…
Mr. Manohar Lal Vij…