The case pertains to the Corporate Insolvency Resolution Process (CIRP) initiated against Hitro Energy Solution Pvt. Ltd based on a petition filed under Section 9 of the IBC. The CIRP was initially stayed by NCLAT but later restored by the Supreme Court. The Resolution Professional (RP) filed applications for liquidation and exclusion of certain periods from the CIRP.
CIRP was initiated against Hitro Energy Solution Pvt. Ltd on 06.12.2018 based on a Section 9 petition of IBC.
The initial CIRP order was stayed by NCLAT on 07.01.2019, but the Supreme Court later set aside the NCLAT order and restored the CIRP.
The IRP filed a memo seeking withdrawal from the CIRP, which was allowed by the Tribunal on 16.09.2024, and the Applicant was appointed as the IRP.
The Applicant, later confirmed as RP, faced challenges in obtaining information and cooperation from the suspended Directors.
The CoC, comprising Indian Bank and Consolidated Construction Consortium Limited, resolved to liquidate the Corporate Debtor due to the absence of resolution plans.
Ms. B. Mekala was proposed as the Liquidator by the CoC.
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CIRP initiated…
CIRP stay…
The case pertains to the Corporate Insolvency Resolution Process (CIRP) initiated against Hitro Energy Solution Pvt. Ltd based on a petition filed under Section 9 of the IBC. The CIRP was initially stayed by NCLAT but later restored by the Supreme Court. The Resolution Professional (RP) filed applications for liquidation and exclusion of certain periods from the CIRP.
CIRP was initiated against Hitro Energy Solution Pvt. Ltd on 06.12.2018 based on a Section 9 petition of IBC.
The initial CIRP order was stayed by NCLAT on 07.01.2019, but the Supreme Court later set aside the NCLAT order and restored the CIRP.
The IRP filed a memo seeking withdrawal from the CIRP, which was allowed by the Tribunal on 16.09.2024, and the Applicant was appointed as the IRP.
The Applicant, later confirmed as RP, faced challenges in obtaining information and cooperation from the suspended Directors.
The CoC, comprising Indian Bank and Consolidated Construction Consortium Limited, resolved to liquidate the Corporate Debtor due to the absence of resolution plans.
Ms. B. Mekala was proposed as the Liquidator by the CoC.
…CIRP initiated…
CIRP stay…