The case involves an application under Section 33(1)(a) of the Insolvency & Bankruptcy Code, 2016, concerning the initiation of liquidation for the Corporate Debtor, YMS Mobitech Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated following a CP No. 127/ALD/2017 filed under Section 9 of the Insolvency & Bankruptcy Code, 2016. Prabhjit Singh Soni was appointed as the Resolution Professional.
JBB Enterprises filed an application as an operational creditor against YMS Mobitech Pvt Ltd, the corporate debtor. A corporate insolvency resolution process (CIRP) was initiated against YMS Mobitech Pvt Ltd under Section 9 of the Insolvency & Bankruptcy Code, 2016. Prabhjit Singh Soni was appointed as the Resolution Professional. Two resolution applicants submitted EOIs, but only one resolution plan was received and approved by the COC on July 1, 2018, which was then withdrawn on July 3, 2018. With the CIRP ending on July 19, 2018, and no other resolution plan available, the COC directed the Resolution Professional to initiate liquidation. The Resolution Professional filed CA No 160/2018 under Section 33(1)(a) of the Insolvency & Bankruptcy Code, 2016, for
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CP No. 127/ALD/2017 was…
COC meeting held where…
The case involves an application under Section 33(1)(a) of the Insolvency & Bankruptcy Code, 2016, concerning the initiation of liquidation for the Corporate Debtor, YMS Mobitech Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated following a CP No. 127/ALD/2017 filed under Section 9 of the Insolvency & Bankruptcy Code, 2016. Prabhjit Singh Soni was appointed as the Resolution Professional.
JBB Enterprises filed an application as an operational creditor against YMS Mobitech Pvt Ltd, the corporate debtor. A corporate insolvency resolution process (CIRP) was initiated against YMS Mobitech Pvt Ltd under Section 9 of the Insolvency & Bankruptcy Code, 2016. Prabhjit Singh Soni was appointed as the Resolution Professional. Two resolution applicants submitted EOIs, but only one resolution plan was received and approved by the COC on July 1, 2018, which was then withdrawn on July 3, 2018. With the CIRP ending on July 19, 2018, and no other resolution plan available, the COC directed the Resolution Professional to initiate liquidation. The Resolution Professional filed CA No 160/2018 under Section 33(1)(a) of the Insolvency & Bankruptcy Code, 2016, for
…CP No. 127/ALD/2017 was…
COC meeting held where…