The case pertains to the Corporate Insolvency Resolution Process (CIRP) initiated against M/s Shri. Ganesh Fire Equipments Pvt. Ltd. by the operational creditor, Jasmeet Associates, under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The application was admitted on 06.02.2020, and Ms. Rekha Sharma was appointed as the Interim Resolution Professional (IRP). The IRP made a public announcement, collated claims, and constituted a Committee of Creditors (CoC). Form-G for invitation of expression of interest (EOI) was published in newspapers on multiple dates, but no resolution plan was received. The Tribunal extended the CIRP period by 90 days on 24.09.2020. The maximum CIRP period of 270 days expired on 25.12.2020 without a resolution plan. The 7th meeting
…Jasmeet Associates, an operational creditor, initiated Corporate Insolvency Resolution Process (CIRP) against M/s Shri. Ganesh Fire Equipments Pvt. Ltd., the corporate debtor, by filing an application under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The Tribunal admitted the application on 06.02.2020, thereby commencing CIRP. Rekha Sharma was appointed as the Interim Resolution Professional (IRP). The IRP made a public announcement and constituted a Committee of Creditors (CoC). Despite inviting expressions of interest (EOI) through Form-G published in newspapers on 26.07.2020, 11.08.2020, and 30.09.2020, no resolution plan was received for the corporate debtor. The Tribunal extended the CIRP period by 90 days on 24.09.2020. However, the maximum
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Application under…
Form-G for invitation…
The case pertains to the Corporate Insolvency Resolution Process (CIRP) initiated against M/s Shri. Ganesh Fire Equipments Pvt. Ltd. by the operational creditor, Jasmeet Associates, under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The application was admitted on 06.02.2020, and Ms. Rekha Sharma was appointed as the Interim Resolution Professional (IRP). The IRP made a public announcement, collated claims, and constituted a Committee of Creditors (CoC). Form-G for invitation of expression of interest (EOI) was published in newspapers on multiple dates, but no resolution plan was received. The Tribunal extended the CIRP period by 90 days on 24.09.2020. The maximum CIRP period of 270 days expired on 25.12.2020 without a resolution plan. The 7th meeting
…Jasmeet Associates, an operational creditor, initiated Corporate Insolvency Resolution Process (CIRP) against M/s Shri. Ganesh Fire Equipments Pvt. Ltd., the corporate debtor, by filing an application under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The Tribunal admitted the application on 06.02.2020, thereby commencing CIRP. Rekha Sharma was appointed as the Interim Resolution Professional (IRP). The IRP made a public announcement and constituted a Committee of Creditors (CoC). Despite inviting expressions of interest (EOI) through Form-G published in newspapers on 26.07.2020, 11.08.2020, and 30.09.2020, no resolution plan was received for the corporate debtor. The Tribunal extended the CIRP period by 90 days on 24.09.2020. However, the maximum
…Application under…
Form-G for invitation…