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. No resolution plan was received by the Resolution Professional (RP) or the Committee of Creditors (COC). The COC passed a resolution on July 14, 2021, recommending the liquidation of the Corporate Debtor. An application was filed by the Liquidator for passing an order of liquidation. The Adjudicating Authority considered the application and the circumstances of the case. The RP, Mr. Suhas Dinkar Bhattbhatt, gave his consent to act as the Liquidator. The initial application under Section 9 IBC was filed by B-Solutions Management Consultants against WSH Pvt Ltd.
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CP(IB) No.601/9/NCLT/AHM…
Moratorium was declared…
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. No resolution plan was received by the Resolution Professional (RP) or the Committee of Creditors (COC). The COC passed a resolution on July 14, 2021, recommending the liquidation of the Corporate Debtor. An application was filed by the Liquidator for passing an order of liquidation. The Adjudicating Authority considered the application and the circumstances of the case. The RP, Mr. Suhas Dinkar Bhattbhatt, gave his consent to act as the Liquidator. The initial application under Section 9 IBC was filed by B-Solutions Management Consultants against WSH Pvt Ltd.
CP(IB) No.601/9/NCLT/AHM…
Moratorium was declared…