The application was filed under Section 33(1) of the Insolvency and Bankruptcy Code, 2016, by the Resolution Professional (RP), Mr. Pinakin Shah, for the Corporate Debtor, M/s. Usha Multipack Private Limited. The company was admitted into CIRP on 2018-11-27 due to a default in paying a financial debt of Rs.3,34,37,055/- to M/s. Siemens Financial Services Pvt. Ltd. The RP was appointed as the Interim Resolution Professional (IRP) and later confirmed. The IRP constituted a Committee of Creditors (CoC) consisting of one financial creditor with 100% voting rights. The RP published notices inviting resolution plans. The Gujarat Tax Department submitted a claim of Rs.8,03,881/-. The RP also filed an application under Section 19(2) of the I.B. Code, 2016, alleging
…Usha Multipack Private Limited was admitted into Corporate Insolvency Resolution Process (CIRP) on 2018-11-27 due to its failure to pay a financial debt of Rs.3,34,37,055/- to Siemens Financial Services Pvt. Ltd. Pinakin Shah was appointed as the Resolution Professional (RP). The RP formed a Committee of Creditors (CoC) consisting of a single financial creditor. The RP published notices to invite resolution plans. The Gujarat Tax Department submitted a claim of Rs.8,03,881/-. The RP filed an application under Section 19(2) of the I.B. Code, 2016, alleging non-cooperation by the suspended directors. The CIRP period of 180 days was completed on 2018-08-16 and was extended by 90 days. No resolution plan was received during the CIRP period. The CoC passed a resolution on
…Sign in to view the parties.
Usha Multipack Private Limited was admitted…
The initial CIRP period…
The application was filed under Section 33(1) of the Insolvency and Bankruptcy Code, 2016, by the Resolution Professional (RP), Mr. Pinakin Shah, for the Corporate Debtor, M/s. Usha Multipack Private Limited. The company was admitted into CIRP on 2018-11-27 due to a default in paying a financial debt of Rs.3,34,37,055/- to M/s. Siemens Financial Services Pvt. Ltd. The RP was appointed as the Interim Resolution Professional (IRP) and later confirmed. The IRP constituted a Committee of Creditors (CoC) consisting of one financial creditor with 100% voting rights. The RP published notices inviting resolution plans. The Gujarat Tax Department submitted a claim of Rs.8,03,881/-. The RP also filed an application under Section 19(2) of the I.B. Code, 2016, alleging
…Usha Multipack Private Limited was admitted into Corporate Insolvency Resolution Process (CIRP) on 2018-11-27 due to its failure to pay a financial debt of Rs.3,34,37,055/- to Siemens Financial Services Pvt. Ltd. Pinakin Shah was appointed as the Resolution Professional (RP). The RP formed a Committee of Creditors (CoC) consisting of a single financial creditor. The RP published notices to invite resolution plans. The Gujarat Tax Department submitted a claim of Rs.8,03,881/-. The RP filed an application under Section 19(2) of the I.B. Code, 2016, alleging non-cooperation by the suspended directors. The CIRP period of 180 days was completed on 2018-08-16 and was extended by 90 days. No resolution plan was received during the CIRP period. The CoC passed a resolution on
…Usha Multipack Private Limited was admitted…
The initial CIRP period…