The application was filed under Section 33 of the Insolvency & Bankruptcy Code, 2016, by Mr. P. Balasubramaniam, the Resolution Professional (RP) of M/s. Growell Hire Purchase and Finance Private Limited, the Corporate Debtor (CD), seeking liquidation.
The Corporate Debtor, M/s. Growell Hire Purchase and Finance Private Limited, is a private limited company incorporated on 02.06.1987.
The CIRP was initiated on 27.06.2025, following a petition filed under Section 10 of the IBC.
Public announcements were made on 04.07.2025, inviting claims from creditors.
The Committee of Creditors (CoC) was constituted on 24.07.2025.
The first meeting of the CoC was held on 31.07.2025.
No resolution plan was received despite the issuance of Form-G.
The CoC voted for liquidation during its 4th meeting held on 06.10.2025.
Bank of Baroda, holding 72.23% of the voting share, voted in favor of liquidation.
Union Bank of India, holding 27.77% of the voting share, abstained from voting on the liquidation proposal.
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The Corporate…
Mr. P. Balasubramaniam…
The application was filed under Section 33 of the Insolvency & Bankruptcy Code, 2016, by Mr. P. Balasubramaniam, the Resolution Professional (RP) of M/s. Growell Hire Purchase and Finance Private Limited, the Corporate Debtor (CD), seeking liquidation.
The Corporate Debtor, M/s. Growell Hire Purchase and Finance Private Limited, is a private limited company incorporated on 02.06.1987.
The CIRP was initiated on 27.06.2025, following a petition filed under Section 10 of the IBC.
Public announcements were made on 04.07.2025, inviting claims from creditors.
The Committee of Creditors (CoC) was constituted on 24.07.2025.
The first meeting of the CoC was held on 31.07.2025.
No resolution plan was received despite the issuance of Form-G.
The CoC voted for liquidation during its 4th meeting held on 06.10.2025.
Bank of Baroda, holding 72.23% of the voting share, voted in favor of liquidation.
Union Bank of India, holding 27.77% of the voting share, abstained from voting on the liquidation proposal.
…The Corporate…
Mr. P. Balasubramaniam…