The case involves an application (IA 769/ND/2021) filed by the resolution professional to initiate liquidation proceedings for the corporate debtor, M/s Sunder Agromills Pvt. Ltd., under Section 33 of the Insolvency and Bankruptcy Code, 2016. Another application (IA 4811/ND/2021) was filed for the dissolution of the same corporate debtor under Section 54 of the Code, read with Regulation 14 of the IBBI (Liquidation Process) Regulations, 2016. The main IB petition (1175/ND/2019) was filed by an operational creditor to initiate the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor, which was allowed on 2019-08-21. Pankaj Khetan was initially appointed as the Interim Resolution Professional (IRP), and later the applicant became the Resolution
…M/s Janki Prasad & Company is the operational creditor who initiated the Corporate Insolvency Resolution Process (CIRP) against M/s Sunder Agromills Pvt. Ltd., the corporate debtor. The CIRP was initiated due to unpaid operational debt. The CIRP application was admitted on 2019-08-21. Initially, Mr. Pankaj Khetan was appointed as the Interim Resolution Professional (IRP), and later another applicant was appointed as the Resolution Professional (RP). The corporate debtor had limited assets: a computer, a car, and an AC. The car's value depreciated. After publishing Form-G, several Expressions of Interest (EoIs) were received, but none of the parties deposited the earnest money. Transaction and forensic audits revealed additional assets: gold worth Rs. 1.14 lacs,
…Sign in to view the parties.
The application for initiating Corporate…
The CIRP period…
The case involves an application (IA 769/ND/2021) filed by the resolution professional to initiate liquidation proceedings for the corporate debtor, M/s Sunder Agromills Pvt. Ltd., under Section 33 of the Insolvency and Bankruptcy Code, 2016. Another application (IA 4811/ND/2021) was filed for the dissolution of the same corporate debtor under Section 54 of the Code, read with Regulation 14 of the IBBI (Liquidation Process) Regulations, 2016. The main IB petition (1175/ND/2019) was filed by an operational creditor to initiate the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor, which was allowed on 2019-08-21. Pankaj Khetan was initially appointed as the Interim Resolution Professional (IRP), and later the applicant became the Resolution
…M/s Janki Prasad & Company is the operational creditor who initiated the Corporate Insolvency Resolution Process (CIRP) against M/s Sunder Agromills Pvt. Ltd., the corporate debtor. The CIRP was initiated due to unpaid operational debt. The CIRP application was admitted on 2019-08-21. Initially, Mr. Pankaj Khetan was appointed as the Interim Resolution Professional (IRP), and later another applicant was appointed as the Resolution Professional (RP). The corporate debtor had limited assets: a computer, a car, and an AC. The car's value depreciated. After publishing Form-G, several Expressions of Interest (EoIs) were received, but none of the parties deposited the earnest money. Transaction and forensic audits revealed additional assets: gold worth Rs. 1.14 lacs,
…The application for initiating Corporate…
The CIRP period…