The case involves an application (IA-4912/2020) filed in IB/1514/ND/2019 under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking a liquidation order for the Corporate Debtor, Sunshine Infrabuild Corporation Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated earlier under Section 7 of the I&B Code, 2016, following an order dated 17.12.2019. Mr. Pawan Kumar Goyal was appointed as the Interim Resolution Professional (IRP) and later as Resolution Professional (RP). The IRP took over the management, issued newspaper publications inviting claims, and constituted a Committee of Creditors (CoC). Six CoC meetings were held, but no resolution plan was received.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Sunshine Infrabuild Corporation Limited under Section 7 of the I&B Code, 2016, based on an application by a creditor. Mr. Pawan Kumar Goyal was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). The IRP took over the management of the Corporate Debtor and issued public announcements inviting claims from creditors. Six meetings of the Committee of Creditors (CoC) were held. The RP issued Form G inviting Expression of Interest (EOI) on 07.08.2020, but no resolution plan was received. The RP determined that the Corporate Debtor had been non-operational for more than two years and had no significant realizable physical assets. In the 6th CoC
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Order passed initiating…
IRP issued newspaper…
The case involves an application (IA-4912/2020) filed in IB/1514/ND/2019 under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking a liquidation order for the Corporate Debtor, Sunshine Infrabuild Corporation Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated earlier under Section 7 of the I&B Code, 2016, following an order dated 17.12.2019. Mr. Pawan Kumar Goyal was appointed as the Interim Resolution Professional (IRP) and later as Resolution Professional (RP). The IRP took over the management, issued newspaper publications inviting claims, and constituted a Committee of Creditors (CoC). Six CoC meetings were held, but no resolution plan was received.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Sunshine Infrabuild Corporation Limited under Section 7 of the I&B Code, 2016, based on an application by a creditor. Mr. Pawan Kumar Goyal was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). The IRP took over the management of the Corporate Debtor and issued public announcements inviting claims from creditors. Six meetings of the Committee of Creditors (CoC) were held. The RP issued Form G inviting Expression of Interest (EOI) on 07.08.2020, but no resolution plan was received. The RP determined that the Corporate Debtor had been non-operational for more than two years and had no significant realizable physical assets. In the 6th CoC
…Order passed initiating…
IRP issued newspaper…