The case involves an application filed by the Resolution Professional under Section 33(1) of the Insolvency and Bankruptcy Code, 2016, seeking directions for the liquidation of the corporate debtor, M/S SBO Exports Private Limited. The operational creditor, M/S Gromax India, had previously filed an application (IB 560(ND)/2018) under Section 9 of the Code for initiating the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor. This application was admitted on 2018-07-30, and Mr. Atul Kumar was appointed as the Interim Resolution Professional (IRP). A public announcement was made as per regulations. During the CIRP, the ex-management of the corporate debtor was untraceable, and no information regarding the assets of the corporate debtor was
…M/S Gromax India, an operational creditor, initiated Corporate Insolvency Resolution Process (CIRP) against M/S SBO Exports Private Limited, the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The application was admitted on 2018-07-30. Mr. Atul Kumar was appointed as the Interim Resolution Professional (IRP). The ex-management of the corporate debtor was untraceable since the beginning of CIRP, and no information regarding the assets was available. The RP filed a non-cooperation application against the ex-management under Section 19 of the IBC. Warrants were issued for five ex-directors, one of whom was in judicial custody. Two directors were traced but claimed ignorance of the corporate debtor's affairs. Three ex-directors
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The application filed by M/S Gromax India under…
Mr. Atul Kumar was…
The case involves an application filed by the Resolution Professional under Section 33(1) of the Insolvency and Bankruptcy Code, 2016, seeking directions for the liquidation of the corporate debtor, M/S SBO Exports Private Limited. The operational creditor, M/S Gromax India, had previously filed an application (IB 560(ND)/2018) under Section 9 of the Code for initiating the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor. This application was admitted on 2018-07-30, and Mr. Atul Kumar was appointed as the Interim Resolution Professional (IRP). A public announcement was made as per regulations. During the CIRP, the ex-management of the corporate debtor was untraceable, and no information regarding the assets of the corporate debtor was
…M/S Gromax India, an operational creditor, initiated Corporate Insolvency Resolution Process (CIRP) against M/S SBO Exports Private Limited, the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The application was admitted on 2018-07-30. Mr. Atul Kumar was appointed as the Interim Resolution Professional (IRP). The ex-management of the corporate debtor was untraceable since the beginning of CIRP, and no information regarding the assets was available. The RP filed a non-cooperation application against the ex-management under Section 19 of the IBC. Warrants were issued for five ex-directors, one of whom was in judicial custody. Two directors were traced but claimed ignorance of the corporate debtor's affairs. Three ex-directors
…The application filed by M/S Gromax India under…
Mr. Atul Kumar was…