The case involves an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by Edelweiss Asset Reconstruction Ltd. (Financial Creditor) against Shree Coke Manufacturing Company Private Limited (Corporate Debtor) to initiate the Corporate Insolvency Resolution Process (CIRP). The Adjudicating Authority admitted the application and appointed Mr. Anil Agarwal as the Interim Resolution Professional. Subsequently, the Committee of Creditors (CoC) approved Mr. Agarwal as the Resolution Professional. However, no resolution plan was received within the stipulated CIRP period. Another application was filed by a Chartered Accountant, Mr. Biswajit Chakrabarty, representing the Corporate Debtor, objecting to the liquidation, claiming the assignment deed
…Edelweiss Asset Reconstruction Ltd. (Financial Creditor) filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against Shree Coke Manufacturing Company Private Limited (Corporate Debtor). The application was admitted on 2017-12-22, and Mr. Anil Agarwal was appointed as the Interim Resolution Professional, later confirmed as the Resolution Professional. During the CIRP, no resolution plan was received. A Chartered Accountant, Mr. Biswajit Chakrabarty, representing the Corporate Debtor, filed an application objecting to the liquidation, claiming the assignment deed relied upon by the Financial Creditor was illegal and subject to a civil suit. The Corporate Debtor argued that an injunction order was in force against the
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The Adjudicating Authority admitted the…
In the first CoC meeting, the CoC approved the…
The case involves an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by Edelweiss Asset Reconstruction Ltd. (Financial Creditor) against Shree Coke Manufacturing Company Private Limited (Corporate Debtor) to initiate the Corporate Insolvency Resolution Process (CIRP). The Adjudicating Authority admitted the application and appointed Mr. Anil Agarwal as the Interim Resolution Professional. Subsequently, the Committee of Creditors (CoC) approved Mr. Agarwal as the Resolution Professional. However, no resolution plan was received within the stipulated CIRP period. Another application was filed by a Chartered Accountant, Mr. Biswajit Chakrabarty, representing the Corporate Debtor, objecting to the liquidation, claiming the assignment deed
…Edelweiss Asset Reconstruction Ltd. (Financial Creditor) filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against Shree Coke Manufacturing Company Private Limited (Corporate Debtor). The application was admitted on 2017-12-22, and Mr. Anil Agarwal was appointed as the Interim Resolution Professional, later confirmed as the Resolution Professional. During the CIRP, no resolution plan was received. A Chartered Accountant, Mr. Biswajit Chakrabarty, representing the Corporate Debtor, filed an application objecting to the liquidation, claiming the assignment deed relied upon by the Financial Creditor was illegal and subject to a civil suit. The Corporate Debtor argued that an injunction order was in force against the
…The Adjudicating Authority admitted the…
In the first CoC meeting, the CoC approved the…