The case involves an application for the closure of the liquidation process and dissolution of the corporate debtor, Sav Steels Private Limited, due to the absence of realizable assets and non-cooperation from its suspended Board of Directors.
State Bank of India, as a financial creditor, initiated the Corporate Insolvency Resolution Process (CIRP) against Sav Steels Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The NCLT, Kolkata Bench, admitted the application on October 28, 2022, and appointed Mr. Uday Narayan Mitra as the Interim Resolution Professional. Subsequently, on May 2, 2023, Mr. Sanjay Kumar Gupta was appointed as the Resolution Professional.
…NCLT, Kolkata Bench, admitted the application…
Mr. Sanjay Kumar Gupta was appointed as the…
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The case involves an application for the closure of the liquidation process and dissolution of the corporate debtor, Sav Steels Private Limited, due to the absence of realizable assets and non-cooperation from its suspended Board of Directors.
State Bank of India, as a financial creditor, initiated the Corporate Insolvency Resolution Process (CIRP) against Sav Steels Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The NCLT, Kolkata Bench, admitted the application on October 28, 2022, and appointed Mr. Uday Narayan Mitra as the Interim Resolution Professional. Subsequently, on May 2, 2023, Mr. Sanjay Kumar Gupta was appointed as the Resolution Professional.
…NCLT, Kolkata Bench, admitted the application…
Mr. Sanjay Kumar Gupta was appointed as the…
Sign in to view related legal provisions.