The case pertains to an application filed by the Resolution Professional for the liquidation of Shree Meenakshi Food Products Pvt Ltd, the Corporate Debtor, under Section 33 of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was conducted, but no Resolution Applicant showed interest in filing a Resolution Plan. The Committee of Creditors (CoC), consisting of only one member, M/s Saroj Traders, decided to liquidate the Corporate Debtor in its meeting held on January 7, 2020.
The Resolution Professional filed an application for the liquidation of Shree Meenakshi Food Products Pvt Ltd, the Corporate Debtor, under Section 33 of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was conducted, but no Resolution Applicant showed interest in filing a Resolution Plan. The Committee of Creditors (CoC), consisting of only one member, M/s Saroj Traders, decided to liquidate the Corporate Debtor in its meeting held on January 7, 2020. Mr. Vimal Agarwal, the Resolution Professional, consented to act as the Liquidator. The NCLT considered the application in consonance with Section 33 of the Code. The key fact is the failure of the CIRP, leading to the CoC's decision to liquidate, which prompted the Resolution
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The Committee of Creditors (CoC) decided to…
The NCLT ordered the liquidation of the…
The case pertains to an application filed by the Resolution Professional for the liquidation of Shree Meenakshi Food Products Pvt Ltd, the Corporate Debtor, under Section 33 of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was conducted, but no Resolution Applicant showed interest in filing a Resolution Plan. The Committee of Creditors (CoC), consisting of only one member, M/s Saroj Traders, decided to liquidate the Corporate Debtor in its meeting held on January 7, 2020.
The Resolution Professional filed an application for the liquidation of Shree Meenakshi Food Products Pvt Ltd, the Corporate Debtor, under Section 33 of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was conducted, but no Resolution Applicant showed interest in filing a Resolution Plan. The Committee of Creditors (CoC), consisting of only one member, M/s Saroj Traders, decided to liquidate the Corporate Debtor in its meeting held on January 7, 2020. Mr. Vimal Agarwal, the Resolution Professional, consented to act as the Liquidator. The NCLT considered the application in consonance with Section 33 of the Code. The key fact is the failure of the CIRP, leading to the CoC's decision to liquidate, which prompted the Resolution
…The Committee of Creditors (CoC) decided to…
The NCLT ordered the liquidation of the…