The case involves an application filed by the Resolution Professional (RP) seeking liquidation of the Corporate Debtor, V.R. Infralogistics Private Limited, due to the absence of a viable resolution plan. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor following a petition filed by T.P. Roy Chowdhury & Co. Private Limited, an operational creditor, under section 9 of the Insolvency and Bankruptcy Code, 2016. An Interim Resolution Professional (IRP) was initially appointed, later replaced by Mr. Shyamal Kumar Bhattacharjee as the RP.
T.P. Roy Chowdhury & Co. Private Limited, an operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, leading to the initiation of the Corporate Insolvency Resolution Process (CIRP) against V.R. Infralogistics Private Limited. An Interim Resolution Professional (IRP), Mr. Pankaj Kumar Tibrewal, was initially appointed but later replaced by Mr. Shyamal Kumar Bhattacharjee. A public announcement was made on 29.07.2019, with 09.08.2019 as the last date for submitting claims. The Committee of Creditors (CoC) was constituted with one operational creditor. The CoC decided not to approve the initial IRP as the RP. The publication for invitation of Eols in Form G was done on 13.01.2020, with a submission deadline of 28.01.2020,
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The case involves an application filed by the Resolution Professional (RP) seeking liquidation of the Corporate Debtor, V.R. Infralogistics Private Limited, due to the absence of a viable resolution plan. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor following a petition filed by T.P. Roy Chowdhury & Co. Private Limited, an operational creditor, under section 9 of the Insolvency and Bankruptcy Code, 2016. An Interim Resolution Professional (IRP) was initially appointed, later replaced by Mr. Shyamal Kumar Bhattacharjee as the RP.
T.P. Roy Chowdhury & Co. Private Limited, an operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, leading to the initiation of the Corporate Insolvency Resolution Process (CIRP) against V.R. Infralogistics Private Limited. An Interim Resolution Professional (IRP), Mr. Pankaj Kumar Tibrewal, was initially appointed but later replaced by Mr. Shyamal Kumar Bhattacharjee. A public announcement was made on 29.07.2019, with 09.08.2019 as the last date for submitting claims. The Committee of Creditors (CoC) was constituted with one operational creditor. The CoC decided not to approve the initial IRP as the RP. The publication for invitation of Eols in Form G was done on 13.01.2020, with a submission deadline of 28.01.2020,
…Adjudicating Authority…
Public announcement…