The Resolution Professional filed an application under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor, Tristar Global Infrastructure Private Limited. An application under Section 7 of the IBC, 2016 was initially filed by Punjab National Bank against the Corporate Debtor, leading to the initiation of the Corporate Insolvency Resolution Process (CIRP). The Adjudicating Authority admitted the application on 28.08.2019, initiated CIRP, and appointed Mr. Arvind Garg as the Interim Resolution Professional (IRP). The IRP made a public announcement on 04.09.2019 and constituted the Committee of Creditors (CoC) on 26.09.2019, which comprised three Financial Creditors, two Operational Creditors, and nine Workmen/Employees.
…Punjab National Bank initiated Corporate Insolvency Resolution Process (CIRP) against Tristar Global Infrastructure Private Limited under Section 7 of the IBC, 2016. The Adjudicating Authority admitted the application on 28.08.2019, appointed Mr. Arvind Garg as Interim Resolution Professional (IRP). Public announcement was made on 04.09.2019. The Committee of Creditors (CoC) was formed on 26.09.2019, comprising three Financial Creditors, two Operational Creditors, and nine Workmen/Employees. Mr. Arvind Garg was appointed as Resolution Professional on 26.09.2019 and ratified on 18.12.2019. Valuers were appointed on 07.11.2019. An Information Memorandum (IM) was shared on 19.10.2019. The last date for receipt of Expression of Interest was 02.01.2020. The 3rd CoC meeting
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Adjudicating Authority admitted the application…
IRP made a…
The Resolution Professional filed an application under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor, Tristar Global Infrastructure Private Limited. An application under Section 7 of the IBC, 2016 was initially filed by Punjab National Bank against the Corporate Debtor, leading to the initiation of the Corporate Insolvency Resolution Process (CIRP). The Adjudicating Authority admitted the application on 28.08.2019, initiated CIRP, and appointed Mr. Arvind Garg as the Interim Resolution Professional (IRP). The IRP made a public announcement on 04.09.2019 and constituted the Committee of Creditors (CoC) on 26.09.2019, which comprised three Financial Creditors, two Operational Creditors, and nine Workmen/Employees.
…Punjab National Bank initiated Corporate Insolvency Resolution Process (CIRP) against Tristar Global Infrastructure Private Limited under Section 7 of the IBC, 2016. The Adjudicating Authority admitted the application on 28.08.2019, appointed Mr. Arvind Garg as Interim Resolution Professional (IRP). Public announcement was made on 04.09.2019. The Committee of Creditors (CoC) was formed on 26.09.2019, comprising three Financial Creditors, two Operational Creditors, and nine Workmen/Employees. Mr. Arvind Garg was appointed as Resolution Professional on 26.09.2019 and ratified on 18.12.2019. Valuers were appointed on 07.11.2019. An Information Memorandum (IM) was shared on 19.10.2019. The last date for receipt of Expression of Interest was 02.01.2020. The 3rd CoC meeting
…Adjudicating Authority admitted the application…
IRP made a…