The case involves an application filed under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, by the Resolution Professional (RP) Mr. Nirav A. Tarkas for the liquidation of the Corporate Debtor Company, M/s. Stratus Foods Pvt. Ltd. The Committee of Creditors (CoC) passed a resolution on 06.01.2018 recommending liquidation. The Adjudicating Authority admitted the main Company Petition on 10.04.2017 at the instance of an Operational Creditor, M/s. Umiya Trading, initiating the Corporate Insolvency Resolution Process (CIRP). The CoC was constituted by the Interim Resolution Professional (IRP), who was later reappointed as RP. The factory and office of the company were shut down due to illegal industrial unrest since 14.02.2017, and the electricity supply was cut
…The Corporate Debtor, M/s. Stratus Foods Pvt. Ltd., underwent Corporate Insolvency Resolution Process (CIRP) after an application was admitted on 10.04.2017 based on a petition by operational creditor M/s. Umiya Trading. The Resolution Professional (RP), Mr. Nirav A. Tarkas, filed an application under Section 33(2) of the Insolvency and Bankruptcy Code (IBC) for liquidation, supported by a resolution from the Committee of Creditors (CoC) dated 06.01.2018. The CoC's decision was influenced by the fact that the company's factory and office had been shut down since 14.02.2017 due to illegal industrial unrest, and its electricity supply was cut off. The company had 42 operational creditors with claims of Rs. 5,12,43,871 and 6 secured creditors with claims of Rs.
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The case involves an application filed under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, by the Resolution Professional (RP) Mr. Nirav A. Tarkas for the liquidation of the Corporate Debtor Company, M/s. Stratus Foods Pvt. Ltd. The Committee of Creditors (CoC) passed a resolution on 06.01.2018 recommending liquidation. The Adjudicating Authority admitted the main Company Petition on 10.04.2017 at the instance of an Operational Creditor, M/s. Umiya Trading, initiating the Corporate Insolvency Resolution Process (CIRP). The CoC was constituted by the Interim Resolution Professional (IRP), who was later reappointed as RP. The factory and office of the company were shut down due to illegal industrial unrest since 14.02.2017, and the electricity supply was cut
…The Corporate Debtor, M/s. Stratus Foods Pvt. Ltd., underwent Corporate Insolvency Resolution Process (CIRP) after an application was admitted on 10.04.2017 based on a petition by operational creditor M/s. Umiya Trading. The Resolution Professional (RP), Mr. Nirav A. Tarkas, filed an application under Section 33(2) of the Insolvency and Bankruptcy Code (IBC) for liquidation, supported by a resolution from the Committee of Creditors (CoC) dated 06.01.2018. The CoC's decision was influenced by the fact that the company's factory and office had been shut down since 14.02.2017 due to illegal industrial unrest, and its electricity supply was cut off. The company had 42 operational creditors with claims of Rs. 5,12,43,871 and 6 secured creditors with claims of Rs.
…The Adjudicating Authority admitted the main…
The factory and office of the company were…
Sign in to view related legal provisions.