The case involves an application (I.A.No.14/2021) filed in C.P.(IB)No.137/BB/2018 under Section 54 R/w Section 60(5) of the IBC, 2016 & Regulation 45 (3) (B) of the IBBI (Liquidation Process) Regulations, 2016 and U/s.9 of IBC, 2016 R/w Rule 6 of I&B (AAA) Rules, 2016, seeking the dissolution of the Corporate Debtor, M/s. SGP Software Solutions Pvt. Ltd. The corporate insolvency resolution process (CIRP) was initiated following a petition filed by Mr. Joji Thomas under Section 9 of the IBC. The Adjudicating Authority admitted the petition and appointed an Interim Resolution Professional (IRP), who was later appointed as the Resolution Professional. As no resolution plan was received, the Committee of Creditors (CoC) approved the initiation of liquidation. The
…Mr. Joji Thomas filed a Company Petition (C.P.(IB)No.137/BB/2018) under Section 9 of the IBC, 2016, to initiate CIRP against M/s. SGP Software Solutions Private Limited. The Adjudicating Authority admitted the petition on 2019-09-24 and appointed an IRP. The IRP was later appointed as the Resolution Professional after the first meeting of the CoC on 2019-11-06. The CoC approved the initiation of liquidation on 2020-06-19 as no resolution plan was received. The Resolution Professional filed I.A.No.255/2020, which was disposed of by the Adjudicating Authority on 2020-08-26. The Liquidator made a public announcement regarding the liquidation, inviting stakeholders to submit their claims by 2020-09-25. The Corporate Debtor had a sole asset, software worth Rs.21,372/-,
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Mr. Joji Thomas filed C.P.(IB)No.137/BB/2018…
The Adjudicating…
The case involves an application (I.A.No.14/2021) filed in C.P.(IB)No.137/BB/2018 under Section 54 R/w Section 60(5) of the IBC, 2016 & Regulation 45 (3) (B) of the IBBI (Liquidation Process) Regulations, 2016 and U/s.9 of IBC, 2016 R/w Rule 6 of I&B (AAA) Rules, 2016, seeking the dissolution of the Corporate Debtor, M/s. SGP Software Solutions Pvt. Ltd. The corporate insolvency resolution process (CIRP) was initiated following a petition filed by Mr. Joji Thomas under Section 9 of the IBC. The Adjudicating Authority admitted the petition and appointed an Interim Resolution Professional (IRP), who was later appointed as the Resolution Professional. As no resolution plan was received, the Committee of Creditors (CoC) approved the initiation of liquidation. The
…Mr. Joji Thomas filed a Company Petition (C.P.(IB)No.137/BB/2018) under Section 9 of the IBC, 2016, to initiate CIRP against M/s. SGP Software Solutions Private Limited. The Adjudicating Authority admitted the petition on 2019-09-24 and appointed an IRP. The IRP was later appointed as the Resolution Professional after the first meeting of the CoC on 2019-11-06. The CoC approved the initiation of liquidation on 2020-06-19 as no resolution plan was received. The Resolution Professional filed I.A.No.255/2020, which was disposed of by the Adjudicating Authority on 2020-08-26. The Liquidator made a public announcement regarding the liquidation, inviting stakeholders to submit their claims by 2020-09-25. The Corporate Debtor had a sole asset, software worth Rs.21,372/-,
…Mr. Joji Thomas filed C.P.(IB)No.137/BB/2018…
The Adjudicating…