The case involves an application under Section 33(1)(a) read with Section 33(2) of the IBC for the liquidation of the corporate debtor. The Resolution Professional submitted a progress report on actions taken from 2019-09-16 to 2019-10-31, including a consolidated report of the 5th meeting held on 2019-11-05. The Committee of Creditors (COC) has expressed the opinion that there is no option left except to liquidate the corporate debtor, as there is no scope for its revival.
M/s. Janki Parshad & Company filed a petition against M/s. Saurabh (India) Pvt. Ltd. under Section 9 of the Insolvency and Bankruptcy Code (IBC). The Resolution Professional submitted a progress report on the actions taken between September 16, 2019, and October 31, 2019. The Committee of Creditors (COC) expressed the opinion that there was no option left but to liquidate the corporate debtor, as there was no scope for its revival. The Resolution Professional moved an application under Section 33(1)(a) read with Section 33(2) of the IBC for passing an order for liquidation. The court considered the submissions made by the Resolution Professional and the opinion of the COC. The court granted the prayer sought by the Resolution Professional and confirmed the
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The case involves an application under Section 33(1)(a) read with Section 33(2) of the IBC for the liquidation of the corporate debtor. The Resolution Professional submitted a progress report on actions taken from 2019-09-16 to 2019-10-31, including a consolidated report of the 5th meeting held on 2019-11-05. The Committee of Creditors (COC) has expressed the opinion that there is no option left except to liquidate the corporate debtor, as there is no scope for its revival.
M/s. Janki Parshad & Company filed a petition against M/s. Saurabh (India) Pvt. Ltd. under Section 9 of the Insolvency and Bankruptcy Code (IBC). The Resolution Professional submitted a progress report on the actions taken between September 16, 2019, and October 31, 2019. The Committee of Creditors (COC) expressed the opinion that there was no option left but to liquidate the corporate debtor, as there was no scope for its revival. The Resolution Professional moved an application under Section 33(1)(a) read with Section 33(2) of the IBC for passing an order for liquidation. The court considered the submissions made by the Resolution Professional and the opinion of the COC. The court granted the prayer sought by the Resolution Professional and confirmed the
…The Resolution Professional started taking…
The Resolution…