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 Regulation 6(1) of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.
M/S Gromax India, the 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). A public announcement was made. The ex-management of the corporate debtor was untraceable, and there was no information available regarding the assets. The Resolution Professional (RP) filed a non-cooperation application against the ex-management. Warrants were issued for five ex-directors, but only two were traced, and they claimed ignorance of the corporate debtor's affairs. The RP was unable to prepare an information
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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 Regulation 6(1) of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.
M/S Gromax India, the 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). A public announcement was made. The ex-management of the corporate debtor was untraceable, and there was no information available regarding the assets. The Resolution Professional (RP) filed a non-cooperation application against the ex-management. Warrants were issued for five ex-directors, but only two were traced, and they claimed ignorance of the corporate debtor's affairs. The RP was unable to prepare an information
…The application filed by M/S Gromax India under…
Mr. Atul Kumar was…