The case involves two connected applications filed in IBA/578/2019 seeking reliefs related to the insolvency resolution process of M/s. Leo Primecomp Private Limited. The initial application, IBA/579/2019, was filed by State Bank of India (Financial Creditor) against M/s. Leo Primecomp Private Limited (Corporate Debtor) under Section 7 of the Insolvency and Bankruptcy Code, 2016. The application was admitted on 24.07.2019, and M.S.Viswanathan was appointed as the Interim Resolution Professional (IRP) and subsequently as the Resolution Professional (RP).
Originally IBA/579/2019 was filed by State Bank Of India against M/s. Leo Primecomp Private Limited under Section 7 of the Insolvency and Bankruptcy Code.
The application was admitted vide order dated 24.07.2019 and M.S.Viswanathan was appointed as an Interim Resolution Professional (IRP) and subsequently as the Resolution Professional (RP).
Several CoC meetings were held to explore resolution plans, but none were successful.
The CoC decided to liquidate the Corporate Debtor due to the rejection of the resolution plan.
Ms. J. Karthiga was appointed as the liquidator for the Corporate Debtor.
An intervening petition filed by V Karthikayan, an unsuccessful resolution applicant, was dismissed.
The CIRP period was extended up to 19.04.2020.
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Application filed by…
M.S.Viswanathan was…
The case involves two connected applications filed in IBA/578/2019 seeking reliefs related to the insolvency resolution process of M/s. Leo Primecomp Private Limited. The initial application, IBA/579/2019, was filed by State Bank of India (Financial Creditor) against M/s. Leo Primecomp Private Limited (Corporate Debtor) under Section 7 of the Insolvency and Bankruptcy Code, 2016. The application was admitted on 24.07.2019, and M.S.Viswanathan was appointed as the Interim Resolution Professional (IRP) and subsequently as the Resolution Professional (RP).
Originally IBA/579/2019 was filed by State Bank Of India against M/s. Leo Primecomp Private Limited under Section 7 of the Insolvency and Bankruptcy Code.
The application was admitted vide order dated 24.07.2019 and M.S.Viswanathan was appointed as an Interim Resolution Professional (IRP) and subsequently as the Resolution Professional (RP).
Several CoC meetings were held to explore resolution plans, but none were successful.
The CoC decided to liquidate the Corporate Debtor due to the rejection of the resolution plan.
Ms. J. Karthiga was appointed as the liquidator for the Corporate Debtor.
An intervening petition filed by V Karthikayan, an unsuccessful resolution applicant, was dismissed.
The CIRP period was extended up to 19.04.2020.
…Application filed by…
M.S.Viswanathan was…