The case pertains to the Corporate Insolvency Resolution Process (CIRP) and subsequent liquidation of Abra Motors Private Limited. The CIRP was initiated by the Tribunal in IBA/42/2020, with an order dated 2020-05-08. The applicant was appointed as the IRP and later as the RP. During the first Committee of Creditors meeting on 2020-08-03, it was resolved that the Corporate Debtor should be liquidated due to a lack of assets and no scope for business revival. The liquidation was ordered by the Tribunal on 2021-04-16 in IA/1228 (CHE)/2020, and the applicant was appointed as the Liquidator. Public announcements were made on 2021-04-21, inviting claims from stakeholders, with a deadline of 2021-05-19 for submission.
The Corporate Insolvency Resolution Process (CIRP) of Abra Motors Private Limited was initiated by the Tribunal in IBA/42/2020 with an order dated 2020-05-08. The applicant was appointed as the IRP and later as the RP. During the first Committee of Creditors meeting on 2020-08-03, it was resolved that the Corporate Debtor should be liquidated due to a lack of assets and no scope for business revival. The liquidation was ordered by the Tribunal on 2021-04-16 in IA/1228 (CHE)/2020, and the applicant was appointed as the Liquidator. Public announcements were made on 2021-04-21, inviting claims from stakeholders, with a deadline of 2021-05-19 for submission. Claims were received from various stakeholders, including priority payments, unsecured financial creditors,
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Tribunal initiated…
First Committee of…
The case pertains to the Corporate Insolvency Resolution Process (CIRP) and subsequent liquidation of Abra Motors Private Limited. The CIRP was initiated by the Tribunal in IBA/42/2020, with an order dated 2020-05-08. The applicant was appointed as the IRP and later as the RP. During the first Committee of Creditors meeting on 2020-08-03, it was resolved that the Corporate Debtor should be liquidated due to a lack of assets and no scope for business revival. The liquidation was ordered by the Tribunal on 2021-04-16 in IA/1228 (CHE)/2020, and the applicant was appointed as the Liquidator. Public announcements were made on 2021-04-21, inviting claims from stakeholders, with a deadline of 2021-05-19 for submission.
The Corporate Insolvency Resolution Process (CIRP) of Abra Motors Private Limited was initiated by the Tribunal in IBA/42/2020 with an order dated 2020-05-08. The applicant was appointed as the IRP and later as the RP. During the first Committee of Creditors meeting on 2020-08-03, it was resolved that the Corporate Debtor should be liquidated due to a lack of assets and no scope for business revival. The liquidation was ordered by the Tribunal on 2021-04-16 in IA/1228 (CHE)/2020, and the applicant was appointed as the Liquidator. Public announcements were made on 2021-04-21, inviting claims from stakeholders, with a deadline of 2021-05-19 for submission. Claims were received from various stakeholders, including priority payments, unsecured financial creditors,
…Tribunal initiated…
First Committee of…