The case involves an application for liquidation of the Corporate Debtor, Shivam Water Treaters Pvt Ltd, under Section 33 of the Insolvency and Bankruptcy Code (IBC), 2016. The Company Petition was admitted on 2018-10-15. Mrs. Hema Manoj Shah was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The Committee of Creditors (CoC) passed a resolution in its 9th meeting on 2019-07-11 with 100% vote share to appoint Ms. Hema Shah as the Liquidator.
The Company Petition against Shivam Water Treaters Pvt Ltd was admitted on 2018-10-15. Mrs. Hema Manoj Shah was appointed as IRP and later confirmed as RP on 2018-11-14. The CIRP period of 180 days expired on 2019-04-13 and was extended by 90 days. However, due to the non-cooperation of the promoter, the RP did not receive custody and control of the Corporate Debtor. No resolution plan was received within the permitted period. The CoC, consisting of Asset Reconstruction Company (India) Limited (60.29% voting share), Pegasus Assets Reconstruction Private Limited (39.46% voting share), and Premjayanti Enterprises Private Limited (0.25% voting share), passed a resolution on 2019-07-11 with 100% vote share to appoint Ms. Hema Shah as the Liquidator. The RP highlighted the
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The Company Petition…
Mrs. Hema Manoj Shah…
The case involves an application for liquidation of the Corporate Debtor, Shivam Water Treaters Pvt Ltd, under Section 33 of the Insolvency and Bankruptcy Code (IBC), 2016. The Company Petition was admitted on 2018-10-15. Mrs. Hema Manoj Shah was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The Committee of Creditors (CoC) passed a resolution in its 9th meeting on 2019-07-11 with 100% vote share to appoint Ms. Hema Shah as the Liquidator.
The Company Petition against Shivam Water Treaters Pvt Ltd was admitted on 2018-10-15. Mrs. Hema Manoj Shah was appointed as IRP and later confirmed as RP on 2018-11-14. The CIRP period of 180 days expired on 2019-04-13 and was extended by 90 days. However, due to the non-cooperation of the promoter, the RP did not receive custody and control of the Corporate Debtor. No resolution plan was received within the permitted period. The CoC, consisting of Asset Reconstruction Company (India) Limited (60.29% voting share), Pegasus Assets Reconstruction Private Limited (39.46% voting share), and Premjayanti Enterprises Private Limited (0.25% voting share), passed a resolution on 2019-07-11 with 100% vote share to appoint Ms. Hema Shah as the Liquidator. The RP highlighted the
…The Company Petition…
Mrs. Hema Manoj Shah…