The case involves an application filed by the Resolution Professional (RP) seeking liquidation of Vastu Land Realtors Pvt. Ltd., the Corporate Debtor. The Adjudicating Authority initiated the Corporate Insolvency Resolution Process (CIRP) following a petition filed by an Operational Creditor under Section 9 of the Insolvency and Bankruptcy Code (IBC). The RP was initially appointed as the Interim Resolution Professional (IRP) and later Srigini Rajat Naidu was appointed as the Resolution Professional (RP).
The Adjudicating Authority initiated the Corporate Insolvency Resolution Process (CIRP) against Vastu Land Realtors Pvt. Ltd. based on a petition filed by an Operational Creditor. Srigini Rajat Naidu was appointed as the Resolution Professional (RP). A public announcement was made to invite claims, with a deadline of March 22, 2019. The RP appointed two registered valuers. An advertisement was issued, inviting Expression of Interest (Eol) with a deadline of June 5, 2019, for submission of Eol and July 20, 2019, for submission of the Resolution Plan. The CIRP period of 180 days ended on September 3, 2019, without any extension being sought. No resolution plan was received. The CoC voted to liquidate the company. The RP filed an application for liquidation under Section
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The Adjudicating Authority passed an order…
Public announcement was made in 'The Indian…
The case involves an application filed by the Resolution Professional (RP) seeking liquidation of Vastu Land Realtors Pvt. Ltd., the Corporate Debtor. The Adjudicating Authority initiated the Corporate Insolvency Resolution Process (CIRP) following a petition filed by an Operational Creditor under Section 9 of the Insolvency and Bankruptcy Code (IBC). The RP was initially appointed as the Interim Resolution Professional (IRP) and later Srigini Rajat Naidu was appointed as the Resolution Professional (RP).
The Adjudicating Authority initiated the Corporate Insolvency Resolution Process (CIRP) against Vastu Land Realtors Pvt. Ltd. based on a petition filed by an Operational Creditor. Srigini Rajat Naidu was appointed as the Resolution Professional (RP). A public announcement was made to invite claims, with a deadline of March 22, 2019. The RP appointed two registered valuers. An advertisement was issued, inviting Expression of Interest (Eol) with a deadline of June 5, 2019, for submission of Eol and July 20, 2019, for submission of the Resolution Plan. The CIRP period of 180 days ended on September 3, 2019, without any extension being sought. No resolution plan was received. The CoC voted to liquidate the company. The RP filed an application for liquidation under Section
…The Adjudicating Authority passed an order…
Public announcement was made in 'The Indian…