The application was filed by the Resolution Professional, Mr. Radhey Shyam Yadav, under Section 33(2) read with Section 34 of the Insolvency and Bankruptcy Code, 2016, for the issuance of directions for liquidation of the Corporate Debtor, M/s 5 Core Acoustics Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor on 16.11.2022, following an application under Section 9 of the Code by M/s Tri-wall Pak Private Limited, the Operational Creditor. Mr. Radhey Shyam Yadav was appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional. The CoC comprised of the sole Financial Creditor, M/s Karnataka Bank Limited, with 100% of voting power.
The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s 5 Core Acoustics Private Limited ('Corporate Debtor') on 16.11.2022, based on an application filed by M/s Tri-wall Pak Private Limited ('Operational Creditor') under Section 9 of the Insolvency and Bankruptcy Code, 2016. Mr. Radhey Shyam Yadav was appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional. The claims of Rs. 448,456,619 were admitted out of the total claims of Rs. 448,779,578. The CoC comprised of the sole Financial Creditor, M/s Karnataka Bank Limited, with 100% of voting power. The Resolution Professional, along with his team, visited the registered office and factory premises of the Corporate Debtor but failed to trace the Corporate
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The application was filed by the Resolution Professional, Mr. Radhey Shyam Yadav, under Section 33(2) read with Section 34 of the Insolvency and Bankruptcy Code, 2016, for the issuance of directions for liquidation of the Corporate Debtor, M/s 5 Core Acoustics Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor on 16.11.2022, following an application under Section 9 of the Code by M/s Tri-wall Pak Private Limited, the Operational Creditor. Mr. Radhey Shyam Yadav was appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional. The CoC comprised of the sole Financial Creditor, M/s Karnataka Bank Limited, with 100% of voting power.
The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s 5 Core Acoustics Private Limited ('Corporate Debtor') on 16.11.2022, based on an application filed by M/s Tri-wall Pak Private Limited ('Operational Creditor') under Section 9 of the Insolvency and Bankruptcy Code, 2016. Mr. Radhey Shyam Yadav was appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional. The claims of Rs. 448,456,619 were admitted out of the total claims of Rs. 448,779,578. The CoC comprised of the sole Financial Creditor, M/s Karnataka Bank Limited, with 100% of voting power. The Resolution Professional, along with his team, visited the registered office and factory premises of the Corporate Debtor but failed to trace the Corporate
…The Adjudicating Authority initiated the…
Public announcement was…