The case involves an application filed by the Interim Resolution Professional (IRP) under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking directions for initiating the liquidation of the corporate debtor, Vipul Travels Private Limited. The sole operational creditor, Bharti Airtel Limited, had previously filed an application under Section 9 of the Code for initiating the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor. This application was admitted on 30.04.2019, initiating the CIRP and appointing Mr. Lekhraj Bajaj as the IRP. Public announcements were made, but only one operational creditor lodged a claim. The Committee of Creditors (CoC), comprising the single operational creditor, was formed. The CoC resolved to
…Bharti Airtel Limited, the sole operational creditor of Vipul Travels Private Limited, initiated Corporate Insolvency Resolution Process (CIRP) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The application was admitted on 30.04.2019, and Mr. Lekhraj Bajaj was appointed as the Interim Resolution Professional (IRP). Public announcements were made on 08.05.2019, with a last date for submission of claims by creditors on 13.05.2019. Only Bharti Airtel Limited lodged a claim, leading to a Committee of Creditors (CoC) comprising only Bharti Airtel Limited. The first CoC meeting was held on 28.05.2019, where the IRP reported visits to the corporate debtor's registered and corporate offices on 10.05.2019 and 21.05.2019, respectively, but found no company at those
…Sign in to view the parties.
The application under Section 9 of the…
Mr. Lekhraj Bajaj was appointed as the Interim…
The case involves an application filed by the Interim Resolution Professional (IRP) under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking directions for initiating the liquidation of the corporate debtor, Vipul Travels Private Limited. The sole operational creditor, Bharti Airtel Limited, had previously filed an application under Section 9 of the Code for initiating the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor. This application was admitted on 30.04.2019, initiating the CIRP and appointing Mr. Lekhraj Bajaj as the IRP. Public announcements were made, but only one operational creditor lodged a claim. The Committee of Creditors (CoC), comprising the single operational creditor, was formed. The CoC resolved to
…Bharti Airtel Limited, the sole operational creditor of Vipul Travels Private Limited, initiated Corporate Insolvency Resolution Process (CIRP) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The application was admitted on 30.04.2019, and Mr. Lekhraj Bajaj was appointed as the Interim Resolution Professional (IRP). Public announcements were made on 08.05.2019, with a last date for submission of claims by creditors on 13.05.2019. Only Bharti Airtel Limited lodged a claim, leading to a Committee of Creditors (CoC) comprising only Bharti Airtel Limited. The first CoC meeting was held on 28.05.2019, where the IRP reported visits to the corporate debtor's registered and corporate offices on 10.05.2019 and 21.05.2019, respectively, but found no company at those
…The application under Section 9 of the…
Mr. Lekhraj Bajaj was appointed as the Interim…