The Corporate Insolvency Resolution Process (CIRP) was initiated against Sheth Metal Pvt. Ltd. by an order dated 06.06.2018 by the Adjudicating Authority on a section 7 Petition filed by the Financial Creditor, Punjab National Bank. Sanjay Rungta was appointed as Insolvency Resolution Professional and confirmed by the Committee of Creditors (CoC) as Resolution Professional (RP). The RP issued a public announcement on 22.06.2018 for inviting claims from Creditors. Two valuers were appointed for valuing the assets of the Corporate Debtor, and the Valuation Reports dated 31.07.2018 were submitted to the CoC.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Sheth Metal Pvt. Ltd. on 06.06.2018 following a Section 7 petition by Punjab National Bank, the Financial Creditor. Sanjay Rungta was appointed as the Insolvency Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP) by the Committee of Creditors (CoC). A public announcement was made on 22.06.2018 to invite claims from creditors. Two valuers were appointed to assess the Corporate Debtor's assets, and valuation reports were submitted to the CoC on 31.07.2018. The statutory 180-day period for submitting a resolution plan ended on 03.10.2018, but no plan was received. In a CoC meeting on 12.10.2018, Punjab National Bank, the sole member with 100% voting rights, resolved
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Corporate Insolvency…
Public announcement…
The Corporate Insolvency Resolution Process (CIRP) was initiated against Sheth Metal Pvt. Ltd. by an order dated 06.06.2018 by the Adjudicating Authority on a section 7 Petition filed by the Financial Creditor, Punjab National Bank. Sanjay Rungta was appointed as Insolvency Resolution Professional and confirmed by the Committee of Creditors (CoC) as Resolution Professional (RP). The RP issued a public announcement on 22.06.2018 for inviting claims from Creditors. Two valuers were appointed for valuing the assets of the Corporate Debtor, and the Valuation Reports dated 31.07.2018 were submitted to the CoC.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Sheth Metal Pvt. Ltd. on 06.06.2018 following a Section 7 petition by Punjab National Bank, the Financial Creditor. Sanjay Rungta was appointed as the Insolvency Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP) by the Committee of Creditors (CoC). A public announcement was made on 22.06.2018 to invite claims from creditors. Two valuers were appointed to assess the Corporate Debtor's assets, and valuation reports were submitted to the CoC on 31.07.2018. The statutory 180-day period for submitting a resolution plan ended on 03.10.2018, but no plan was received. In a CoC meeting on 12.10.2018, Punjab National Bank, the sole member with 100% voting rights, resolved
…Corporate Insolvency…
Public announcement…