The case involves an application under Section 54 of the Insolvency and Bankruptcy Code, 2016, read with IBBI (Liquidation Process) Regulations, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated against Shubham Industries Limited on 2019-11-14. Mr. Anil Kumar Saraf was appointed as the Interim Resolution Professional (IRP). A public announcement was made on 2019-11-17. The Committee of Creditors (COC) was formed on 2019-12-06, and in its first meeting on 2019-12-11, the COC resolved with a 100% majority that the Corporate Debtor was not a 'going concern' and had no business or assets. Consequently, the COC approved the initiation of the Liquidation Process with a 100% voting share.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Shubham Industries Limited on 2019-11-14. Anil Kumar Saraf was appointed as the Interim Resolution Professional (IRP). A public announcement was made on 2019-11-17. The Committee of Creditors (COC) was formed on 2019-12-06. The first COC meeting was held on 2019-12-11, where the COC resolved with a 100% majority that the Corporate Debtor was not a 'going concern' and had no business or assets. The COC approved the initiation of the Liquidation Process with a 100% voting share. An order dated 2020-01-10 was passed for the initiation of the Liquidation Process. Sunil Kumar Keswani was appointed as the Liquidator. The Liquidator made a public announcement on 2020-01-13, but received no claims from
…Sign in to view the parties.
Corporate Insolvency Resolution Process (CIRP)…
Interim Resolution…
Sign in to view related legal provisions.
The case involves an application under Section 54 of the Insolvency and Bankruptcy Code, 2016, read with IBBI (Liquidation Process) Regulations, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated against Shubham Industries Limited on 2019-11-14. Mr. Anil Kumar Saraf was appointed as the Interim Resolution Professional (IRP). A public announcement was made on 2019-11-17. The Committee of Creditors (COC) was formed on 2019-12-06, and in its first meeting on 2019-12-11, the COC resolved with a 100% majority that the Corporate Debtor was not a 'going concern' and had no business or assets. Consequently, the COC approved the initiation of the Liquidation Process with a 100% voting share.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Shubham Industries Limited on 2019-11-14. Anil Kumar Saraf was appointed as the Interim Resolution Professional (IRP). A public announcement was made on 2019-11-17. The Committee of Creditors (COC) was formed on 2019-12-06. The first COC meeting was held on 2019-12-11, where the COC resolved with a 100% majority that the Corporate Debtor was not a 'going concern' and had no business or assets. The COC approved the initiation of the Liquidation Process with a 100% voting share. An order dated 2020-01-10 was passed for the initiation of the Liquidation Process. Sunil Kumar Keswani was appointed as the Liquidator. The Liquidator made a public announcement on 2020-01-13, but received no claims from
…Corporate Insolvency Resolution Process (CIRP)…
Interim Resolution…
Sign in to view related legal provisions.