The case involves an application filed under Section 33(2) of the Insolvency and Bankruptcy Code, 2016 (IBC) by the Interim Resolution Professional (IRP) of Aawrun Furnishing Man-Tra Private Limited, the Corporate Debtor, seeking liquidation. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor based on a petition filed by Indiabulls Consumer Finance Limited (Financial Creditor) under Section 7 of the IBC. The IRP was appointed and public announcements were made to invite claims from creditors. However, the IRP faced non-cooperation from the suspended members of the Board of Directors, hindering access to necessary documents and information. Despite efforts to find a resolution applicant, no Expression of Interest (Eol) was
…Indiabulls Consumer Finance Limited initiated Corporate Insolvency Resolution Process (CIRP) against Aawrun Furnishing Man-Tra Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. Mr. Shashi Agarwal was appointed as the Interim Resolution Professional (IRP). Public announcements were made to invite claims from creditors. The IRP faced non-cooperation from the suspended members of the Board of Directors of the Corporate Debtor, hindering access to necessary documents and information. No Expression of Interest (Eol) was received from prospective resolution applicants. The Committee of Creditors (CoC) decided to liquidate the Corporate Debtor. The CIRP period expired on 19/05/2021. The CoC did not confirm the appointment of the IRP as Resolution
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Order dated 21/10/2019 in CP(IB)/644(KB)2019…
Public Announcements in Form A was published…
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The case involves an application filed under Section 33(2) of the Insolvency and Bankruptcy Code, 2016 (IBC) by the Interim Resolution Professional (IRP) of Aawrun Furnishing Man-Tra Private Limited, the Corporate Debtor, seeking liquidation. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor based on a petition filed by Indiabulls Consumer Finance Limited (Financial Creditor) under Section 7 of the IBC. The IRP was appointed and public announcements were made to invite claims from creditors. However, the IRP faced non-cooperation from the suspended members of the Board of Directors, hindering access to necessary documents and information. Despite efforts to find a resolution applicant, no Expression of Interest (Eol) was
…Indiabulls Consumer Finance Limited initiated Corporate Insolvency Resolution Process (CIRP) against Aawrun Furnishing Man-Tra Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. Mr. Shashi Agarwal was appointed as the Interim Resolution Professional (IRP). Public announcements were made to invite claims from creditors. The IRP faced non-cooperation from the suspended members of the Board of Directors of the Corporate Debtor, hindering access to necessary documents and information. No Expression of Interest (Eol) was received from prospective resolution applicants. The Committee of Creditors (CoC) decided to liquidate the Corporate Debtor. The CIRP period expired on 19/05/2021. The CoC did not confirm the appointment of the IRP as Resolution
…Order dated 21/10/2019 in CP(IB)/644(KB)2019…
Public Announcements in Form A was published…
Sign in to view related legal provisions.