The application IA/69/JPR/2019 was filed by the Resolution Professional under Sections 33 and 34 of the Insolvency and Bankruptcy Code, 2016, for the initiation of liquidation proceedings against M/s. Seatel Electronics (India) Private Limited. Earlier, an application under Section 10 of the IBC, 2016 was filed by the Corporate Debtor. The Tribunal admitted the insolvency petition on 13.06.2018 and appointed Mr. Brij Kishore Sharma as Interim Resolution Professional (IRP). The Committee of Creditors (CoC) replaced the IRP with Mr. Satyendra Prasad Khorania as Resolution Professional (RP). The Resolution Professional issued an Information Memorandum and invited a resolution plan on 11.10.2018. The CIRP period was expiring on 10.12.2018. The CoC authorized the RP to file
…M/s. Seatel Electronics (India) Private Limited faced insolvency proceedings. An application under Section 10 of the IBC, 2016 was filed by the Corporate Debtor itself. The Tribunal admitted the insolvency petition on 13.06.2018 and appointed Mr. Brij Kishore Sharma as Interim Resolution Professional (IRP). The CoC replaced the IRP with Mr. Satyendra Prasad Khorania as Resolution Professional (RP). The RP issued an Information Memorandum and invited a resolution plan on 11.10.2018. The CIRP period was extended by 90 days until 10.03.2019. No resolution plan was received, and no other asset was unearthed by the Forensic Auditors. The CoC voted for liquidation of the Corporate Debtor on 12.02.2019. The RP filed an application for liquidation. The RP also filed IA No.
…Sign in to view the parties.
The Tribunal admitted the insolvency petition…
The first meeting of the Committee of Creditors…
The application IA/69/JPR/2019 was filed by the Resolution Professional under Sections 33 and 34 of the Insolvency and Bankruptcy Code, 2016, for the initiation of liquidation proceedings against M/s. Seatel Electronics (India) Private Limited. Earlier, an application under Section 10 of the IBC, 2016 was filed by the Corporate Debtor. The Tribunal admitted the insolvency petition on 13.06.2018 and appointed Mr. Brij Kishore Sharma as Interim Resolution Professional (IRP). The Committee of Creditors (CoC) replaced the IRP with Mr. Satyendra Prasad Khorania as Resolution Professional (RP). The Resolution Professional issued an Information Memorandum and invited a resolution plan on 11.10.2018. The CIRP period was expiring on 10.12.2018. The CoC authorized the RP to file
…M/s. Seatel Electronics (India) Private Limited faced insolvency proceedings. An application under Section 10 of the IBC, 2016 was filed by the Corporate Debtor itself. The Tribunal admitted the insolvency petition on 13.06.2018 and appointed Mr. Brij Kishore Sharma as Interim Resolution Professional (IRP). The CoC replaced the IRP with Mr. Satyendra Prasad Khorania as Resolution Professional (RP). The RP issued an Information Memorandum and invited a resolution plan on 11.10.2018. The CIRP period was extended by 90 days until 10.03.2019. No resolution plan was received, and no other asset was unearthed by the Forensic Auditors. The CoC voted for liquidation of the Corporate Debtor on 12.02.2019. The RP filed an application for liquidation. The RP also filed IA No.
…The Tribunal admitted the insolvency petition…
The first meeting of the Committee of Creditors…