Arvind Gawade, an Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Zeel Global Projects Private Limited, claiming an outstanding salary of ₹1,50,000. The application was admitted on 2017-04-27, and Milind Kasodekar was appointed as the Interim Resolution Professional (IRP). The IRP was later confirmed as the Resolution Professional (RP) by the Committee of Creditors (CoC) on 2018-01-16. The debtor provided balance sheets for FY 2014-15 and 2015-16, indicating no assets for realization. Despite efforts by the IRP, only two secured creditors, Central Bank of India and Bank of Maharashtra, filed their claims in September 2017. Four meetings of the CoC were held between October 2017 and January 2018, but no

Arvind Gawade, an Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Zeel Global Projects Private Limited, claiming an outstanding salary of ₹1,50,000. The application was admitted on 2017-04-27, and Milind Kasodekar was appointed as the Interim Resolution Professional (IRP). The IRP was later confirmed as the Resolution Professional (RP) by the Committee of Creditors (CoC) on 2018-01-16. The debtor provided balance sheets for FY 2014-15 and 2015-16, indicating no assets for realization. Despite efforts by the IRP, only two secured creditors, Central Bank of India and Bank of Maharashtra, filed their claims in September 2017. Four meetings of the CoC were held between October 2017 and January 2018, but no