The case involves an application (CA 482/2019) filed by the Resolution Professional (RP) under Section 33(2) and Section 60(5) of the IBC Code, seeking an order for the liquidation of the Corporate Debtor. The application is supported by an affidavit and indicates that the Committee of Creditors (COC), consisting solely of Indian Overseas Bank, has passed a resolution directing the RP to file the application.
The Resolution Professional (RP) filed CA 482/2019 under Section 33(2) and Section 60(5) of the IBC Code, seeking liquidation of the Corporate Debtor. The Committee of Creditors (COC), solely comprised of Indian Overseas Bank, resolved to direct the RP to file the liquidation application. No resolution plan was received during the CIR process, leading to the application for liquidation. The RP's name was proposed as the liquidator, and his consent was annexed. The court considered the COC's decision and the absence of a resolution plan.
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Hearing before the New…
CA 482/2019 filed by the Resolution Professional…
The case involves an application (CA 482/2019) filed by the Resolution Professional (RP) under Section 33(2) and Section 60(5) of the IBC Code, seeking an order for the liquidation of the Corporate Debtor. The application is supported by an affidavit and indicates that the Committee of Creditors (COC), consisting solely of Indian Overseas Bank, has passed a resolution directing the RP to file the application.
The Resolution Professional (RP) filed CA 482/2019 under Section 33(2) and Section 60(5) of the IBC Code, seeking liquidation of the Corporate Debtor. The Committee of Creditors (COC), solely comprised of Indian Overseas Bank, resolved to direct the RP to file the liquidation application. No resolution plan was received during the CIR process, leading to the application for liquidation. The RP's name was proposed as the liquidator, and his consent was annexed. The court considered the COC's decision and the absence of a resolution plan.
Hearing before the New…
CA 482/2019 filed by the Resolution Professional…