The case involves an application filed by the Resolution Professional under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking directions for the liquidation of the corporate debtor, Sterling Vehicles & General Sales Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated following an application under Section 7 of the Code by Volkswagen Finance Private Limited. The application was admitted on 26.02.2019, and Mr. Sunil Prakash Sharma was appointed as the Interim Resolution Professional.
Volkswagen Finance Private Limited initiated Corporate Insolvency Resolution Process (CIRP) against Sterling Vehicles & General Sales Private Limited under Section 7 of the Insolvency and Bankruptcy Code (IBC). The application was admitted on 26.02.2019, and Sunil Prakash Sharma was appointed as the Interim Resolution Professional (IRP). Form-A was published in the Financial Express and Jansatta on 10.03.2019 and sent to IBBI on 11.03.2019. The IRP received claims from six financial creditors and three operational creditors. The suspended directors of the corporate debtor allegedly did not cooperate. The Committee of Creditors (CoC), in its meeting on 21.08.2019, with a 75.47% majority, decided not to extend the CIRP period and resolved for liquidation. The last
…Sign in to view the parties.
Company Petition No.…
Application under Section 7 of the Code by…
The case involves an application filed by the Resolution Professional under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking directions for the liquidation of the corporate debtor, Sterling Vehicles & General Sales Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated following an application under Section 7 of the Code by Volkswagen Finance Private Limited. The application was admitted on 26.02.2019, and Mr. Sunil Prakash Sharma was appointed as the Interim Resolution Professional.
Volkswagen Finance Private Limited initiated Corporate Insolvency Resolution Process (CIRP) against Sterling Vehicles & General Sales Private Limited under Section 7 of the Insolvency and Bankruptcy Code (IBC). The application was admitted on 26.02.2019, and Sunil Prakash Sharma was appointed as the Interim Resolution Professional (IRP). Form-A was published in the Financial Express and Jansatta on 10.03.2019 and sent to IBBI on 11.03.2019. The IRP received claims from six financial creditors and three operational creditors. The suspended directors of the corporate debtor allegedly did not cooperate. The Committee of Creditors (CoC), in its meeting on 21.08.2019, with a 75.47% majority, decided not to extend the CIRP period and resolved for liquidation. The last
…Company Petition No.…
Application under Section 7 of the Code by…