The case involves an application for liquidation of the Corporate Debtor, M/s. Uthrakalimman Infrastructures Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated following a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) filed by Edelweiss Asset Reconstruction Company Limited, the Financial Creditor. The Corporate Debtor was admitted into CIRP, and an Interim Resolution Professional was appointed. During the CIRP, it was found that the Corporate Debtor had no office, directors, staff, or records, and the Statutory Auditor did not respond. The Committee of Creditors (CoC) was informed of these issues. No viable resolution plan could be formulated, leading to a resolution for liquidation proposed and approved by
…The Edelweiss Asset Reconstruction Company Limited, a Financial Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against M/s. Uthrakalimman Infrastructures Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC). The petition was admitted, and CIRP commenced. The Corporate Debtor had no office, directors, staff, or records, and the Statutory Auditor did not respond. The Committee of Creditors (CoC) was informed of these issues. No viable resolution plan could be evolved. The CoC resolved to liquidate the Corporate Debtor. The Resolution Professional (RP) received only one claim from the Financial Creditor. The expenses incurred during the CIRP amounted to Rs. 2,900,249/-. Two Registered Valuers were appointed to determine the
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The case involves an application for liquidation of the Corporate Debtor, M/s. Uthrakalimman Infrastructures Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated following a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) filed by Edelweiss Asset Reconstruction Company Limited, the Financial Creditor. The Corporate Debtor was admitted into CIRP, and an Interim Resolution Professional was appointed. During the CIRP, it was found that the Corporate Debtor had no office, directors, staff, or records, and the Statutory Auditor did not respond. The Committee of Creditors (CoC) was informed of these issues. No viable resolution plan could be formulated, leading to a resolution for liquidation proposed and approved by
…The Edelweiss Asset Reconstruction Company Limited, a Financial Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against M/s. Uthrakalimman Infrastructures Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC). The petition was admitted, and CIRP commenced. The Corporate Debtor had no office, directors, staff, or records, and the Statutory Auditor did not respond. The Committee of Creditors (CoC) was informed of these issues. No viable resolution plan could be evolved. The CoC resolved to liquidate the Corporate Debtor. The Resolution Professional (RP) received only one claim from the Financial Creditor. The expenses incurred during the CIRP amounted to Rs. 2,900,249/-. Two Registered Valuers were appointed to determine the
…Order stati…
Application filed by…