This case involves a Miscellaneous Application (MA 1371/2019) filed by the Resolution Professional, Mr. Bhupendra Singh Rajput, under Section 33 of the Insolvency and Bankruptcy Code, 2016 (IBC) to initiate the liquidation process against the Corporate Debtor, M/s. Uttung Health & Wellness Pvt. Ltd. The initial petition under Section 7 of the IBC was admitted on April 20, 2018, due to a financial debt default of Rs. 1.90 Crore (principal amount) with interest, totaling Rs. 3,96,07,727/-. Mr. Bhupendra Singh Rajput was appointed as the Interim Resolution Professional (IRP) to conduct the Corporate Insolvency Resolution Process (CIRP).
This Miscellaneous Application (MA 1371/2019) was filed on April 9, 2019, by the Resolution Professional, Mr. Bhupendra Singh Rajput, under section 33 of the Code. The purpose of the application was to initiate the liquidation process against the Corporate Debtor, M/s. Uttung Health & Wellness Pvt. Ltd. The application also sought an order for the appointment of Mr. Reddy as the Liquidator of the corporate debtor.
Petition under Section 7 of The Code against…
Public Announcement was made as per Regulation…
This case involves a Miscellaneous Application (MA 1371/2019) filed by the Resolution Professional, Mr. Bhupendra Singh Rajput, under Section 33 of the Insolvency and Bankruptcy Code, 2016 (IBC) to initiate the liquidation process against the Corporate Debtor, M/s. Uttung Health & Wellness Pvt. Ltd. The initial petition under Section 7 of the IBC was admitted on April 20, 2018, due to a financial debt default of Rs. 1.90 Crore (principal amount) with interest, totaling Rs. 3,96,07,727/-. Mr. Bhupendra Singh Rajput was appointed as the Interim Resolution Professional (IRP) to conduct the Corporate Insolvency Resolution Process (CIRP).
This Miscellaneous Application (MA 1371/2019) was filed on April 9, 2019, by the Resolution Professional, Mr. Bhupendra Singh Rajput, under section 33 of the Code. The purpose of the application was to initiate the liquidation process against the Corporate Debtor, M/s. Uttung Health & Wellness Pvt. Ltd. The application also sought an order for the appointment of Mr. Reddy as the Liquidator of the corporate debtor.
Petition under Section 7 of The Code against…
Public Announcement was made as per Regulation…