The case involves an application (IA(IBC)/756(KB)2022) filed by the Resolution Professional (RP) of Abhijeet Hazaribagh Toll Road Limited, the Corporate Debtor, seeking liquidation. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor on 2022-01-07. Mr. Nirmal Kumar Agarwal was appointed as the Interim Resolution Professional (IRP). Public announcement was made on 2022-02-05. The Committee of Creditors (CoC) was constituted on 2022-02-28. Expression of Interest (Eol) was invited on 2022-05-16, but no Eol was received. The CoC recommended liquidation due to the absence of substantial assets and the Corporate Debtor not being a going concern for the past 7 years. An exclusion of 27 days was granted, ending the CIRP period on
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Abhijeet Hazaribagh Toll Road Limited on 2022-01-07. Nirmal Kumar Agarwal was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). A public announcement was made on 2022-02-05, inviting Expression of Interest (Eol) from prospective resolution applicants. The Committee of Creditors (CoC) was duly constituted on 2022-02-28. Despite inviting Eols, no resolution plan was received. The CoC, noting the absence of substantial assets and the Corporate Debtor's non-operational status for the past 7 years, recommended liquidation. The CIRP period ended on 2022-08-01 after an exclusion of 27 days was granted. The RP submitted his consent to act as
…Sign in to view the parties.
Adjudicating authority…
Mr. Nirmal Kumar…
The case involves an application (IA(IBC)/756(KB)2022) filed by the Resolution Professional (RP) of Abhijeet Hazaribagh Toll Road Limited, the Corporate Debtor, seeking liquidation. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor on 2022-01-07. Mr. Nirmal Kumar Agarwal was appointed as the Interim Resolution Professional (IRP). Public announcement was made on 2022-02-05. The Committee of Creditors (CoC) was constituted on 2022-02-28. Expression of Interest (Eol) was invited on 2022-05-16, but no Eol was received. The CoC recommended liquidation due to the absence of substantial assets and the Corporate Debtor not being a going concern for the past 7 years. An exclusion of 27 days was granted, ending the CIRP period on
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Abhijeet Hazaribagh Toll Road Limited on 2022-01-07. Nirmal Kumar Agarwal was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). A public announcement was made on 2022-02-05, inviting Expression of Interest (Eol) from prospective resolution applicants. The Committee of Creditors (CoC) was duly constituted on 2022-02-28. Despite inviting Eols, no resolution plan was received. The CoC, noting the absence of substantial assets and the Corporate Debtor's non-operational status for the past 7 years, recommended liquidation. The CIRP period ended on 2022-08-01 after an exclusion of 27 days was granted. The RP submitted his consent to act as
…Adjudicating authority…
Mr. Nirmal Kumar…