The case pertains to an application filed under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking an order for the liquidation of the Corporate Debtor, Vibha Overseas Exim Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated following an application under Section 10 of the I&B Code, 2016, by the Corporate Debtor itself. Mr. Vishnu Dutt was appointed as the Interim Resolution Professional (IRP). The IRP took over the management of the Corporate Debtor and issued newspaper publications inviting claims from creditors. The Committee of Creditors (CoC) was constituted, and in its 2nd meeting, it was resolved that the Corporate Debtor be liquidated. The Resolution Professional was authorized to take necessary steps to give
…The Corporate Debtor, Vibha Overseas Exim Private Limited, underwent Corporate Insolvency Resolution Process (CIRP) after an application was filed under Section 10 of the I&B Code, 2016. Mr. Vishnu Dutt was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional. The IRP took over the management and issued newspaper publications to invite claims from creditors. The Committee of Creditors (CoC) was formed, and in its 2nd meeting on March 18, 2019, it was resolved to liquidate the Corporate Debtor. The Resolution Professional appointed valuers to assess the assets, and their reports were recorded. Union Bank of India, the sole member of the CoC with 100% voting rights, voted in favor of liquidation. No resolution plan was
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The Corporate Insolvency Resolution Process…
The IRP took o…
The case pertains to an application filed under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking an order for the liquidation of the Corporate Debtor, Vibha Overseas Exim Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated following an application under Section 10 of the I&B Code, 2016, by the Corporate Debtor itself. Mr. Vishnu Dutt was appointed as the Interim Resolution Professional (IRP). The IRP took over the management of the Corporate Debtor and issued newspaper publications inviting claims from creditors. The Committee of Creditors (CoC) was constituted, and in its 2nd meeting, it was resolved that the Corporate Debtor be liquidated. The Resolution Professional was authorized to take necessary steps to give
…The Corporate Debtor, Vibha Overseas Exim Private Limited, underwent Corporate Insolvency Resolution Process (CIRP) after an application was filed under Section 10 of the I&B Code, 2016. Mr. Vishnu Dutt was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional. The IRP took over the management and issued newspaper publications to invite claims from creditors. The Committee of Creditors (CoC) was formed, and in its 2nd meeting on March 18, 2019, it was resolved to liquidate the Corporate Debtor. The Resolution Professional appointed valuers to assess the assets, and their reports were recorded. Union Bank of India, the sole member of the CoC with 100% voting rights, voted in favor of liquidation. No resolution plan was
…The Corporate Insolvency Resolution Process…
The IRP took o…