The case involves an application filed by the Liquidator for passing an order of liquidation for the Corporate Debtor, M/s WSH Private Limited. The CIRP period of 330 days had completed on August 2, 2021, and the RP and COC did not receive any resolution plan. The COC, in its meeting on July 14, 2021, passed a resolution recommending liquidation. The Adjudicating Authority was left with no option but to pass an order of liquidation.
The Corporate Debtor, M/s WSH Private Limited, underwent Corporate Insolvency Resolution Process (CIRP). The CIRP period of 330 days concluded on August 2, 2021. Neither the Resolution Professional (RP) nor the Committee of Creditors (COC) received any resolution plan. The COC passed a resolution on July 14, 2021, recommending the liquidation of the Corporate Debtor. The RP, Mr. Suhas Dinkar Bhattbhatt, filed an application for the liquidation order. The Adjudicating Authority, finding no alternative due to the absence of a resolution plan, proceeded to order the liquidation of the Corporate Debtor. The Moratorium declared earlier ceased to exist. The RP was appointed as the liquidator.
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The Corporate…
The Committee of Creditors (COC) passed a…
The case involves an application filed by the Liquidator for passing an order of liquidation for the Corporate Debtor, M/s WSH Private Limited. The CIRP period of 330 days had completed on August 2, 2021, and the RP and COC did not receive any resolution plan. The COC, in its meeting on July 14, 2021, passed a resolution recommending liquidation. The Adjudicating Authority was left with no option but to pass an order of liquidation.
The Corporate Debtor, M/s WSH Private Limited, underwent Corporate Insolvency Resolution Process (CIRP). The CIRP period of 330 days concluded on August 2, 2021. Neither the Resolution Professional (RP) nor the Committee of Creditors (COC) received any resolution plan. The COC passed a resolution on July 14, 2021, recommending the liquidation of the Corporate Debtor. The RP, Mr. Suhas Dinkar Bhattbhatt, filed an application for the liquidation order. The Adjudicating Authority, finding no alternative due to the absence of a resolution plan, proceeded to order the liquidation of the Corporate Debtor. The Moratorium declared earlier ceased to exist. The RP was appointed as the liquidator.
The Corporate…
The Committee of Creditors (COC) passed a…