The case pertains to an Interlocutory Application (IA/894/IB/2020) filed under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor, M/s. Shapre Infotech India Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated on 25.10.2019. The applicant was appointed as Interim Resolution Professional (IRP) and subsequently as Resolution Professional (RP). A public announcement was made to invite claims from creditors. The Committee of Creditors (CoC) was constituted with a sole financial creditor. The CoC decided to liquidate the Corporate Debtor as no expression of interest was received from any prospective resolution applicant.
The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s. Shapre Infotech India Limited on 2019-10-25. The applicant, Mr. L.V Shyam Sundar, was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). A public announcement was made, inviting claims from creditors, with a deadline of 2019-10-31. The IRP received a claim from a financial creditor on 2019-11-06, which was admitted on 2019-11-11. The Committee of Creditors (CoC) was formed with a sole financial creditor on 2019-11-11. The first CoC meeting was held on 2019-11-19, where the applicant was appointed as the RP. National Security Depository Limited (NSDL) submitted a claim on 2019-11-15. The RP requested clarifications from NSDL, but no reply was
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Corporate Insolvency Resolution Process (CIRP)…
Mr. L.V Shyam Sundar…
The case pertains to an Interlocutory Application (IA/894/IB/2020) filed under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor, M/s. Shapre Infotech India Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated on 25.10.2019. The applicant was appointed as Interim Resolution Professional (IRP) and subsequently as Resolution Professional (RP). A public announcement was made to invite claims from creditors. The Committee of Creditors (CoC) was constituted with a sole financial creditor. The CoC decided to liquidate the Corporate Debtor as no expression of interest was received from any prospective resolution applicant.
The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s. Shapre Infotech India Limited on 2019-10-25. The applicant, Mr. L.V Shyam Sundar, was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). A public announcement was made, inviting claims from creditors, with a deadline of 2019-10-31. The IRP received a claim from a financial creditor on 2019-11-06, which was admitted on 2019-11-11. The Committee of Creditors (CoC) was formed with a sole financial creditor on 2019-11-11. The first CoC meeting was held on 2019-11-19, where the applicant was appointed as the RP. National Security Depository Limited (NSDL) submitted a claim on 2019-11-15. The RP requested clarifications from NSDL, but no reply was
…Corporate Insolvency Resolution Process (CIRP)…
Mr. L.V Shyam Sundar…