The case involves an application filed under Section 33(2) of the Insolvency and Bankruptcy Code (IBC) for the liquidation of Today's Writing Instruments Ltd. The Corporate Insolvency Resolution Process (CIRP) was initiated based on a petition filed by the Corporate Debtor under Section 9 of the Code, leading to the appointment of an Interim Resolution Professional (IRP).
Today's Writing Instruments Ltd. initiated CIRP under Section 9 of the IBC. The COC, in its 11th meeting on June 29, 2018, resolved to proceed with liquidation due to the infeasibility of a resolution plan. An e-voting process on June 19 and 20, 2018, favored liquidation. The existing RP was unwilling to continue as liquidator. The 180-day period for resolution had expired. The RP/Applicant requested the appointment of a new liquidator. The State Bank of India expressed no objection for pronouncement of liquidation order.
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E-voting held on 19th…
The COC in its 11th meeting held on 29.06.2018…
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The case involves an application filed under Section 33(2) of the Insolvency and Bankruptcy Code (IBC) for the liquidation of Today's Writing Instruments Ltd. The Corporate Insolvency Resolution Process (CIRP) was initiated based on a petition filed by the Corporate Debtor under Section 9 of the Code, leading to the appointment of an Interim Resolution Professional (IRP).
Today's Writing Instruments Ltd. initiated CIRP under Section 9 of the IBC. The COC, in its 11th meeting on June 29, 2018, resolved to proceed with liquidation due to the infeasibility of a resolution plan. An e-voting process on June 19 and 20, 2018, favored liquidation. The existing RP was unwilling to continue as liquidator. The 180-day period for resolution had expired. The RP/Applicant requested the appointment of a new liquidator. The State Bank of India expressed no objection for pronouncement of liquidation order.
E-voting held on 19th…
The COC in its 11th meeting held on 29.06.2018…
Sign in to view related legal provisions.