Bhuwalka Mercantile LLP, the Operational Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Aelis Enterprise Learning and Implementation Solutions Private Limited, the Corporate Debtor, under Section 9 of the IBC. The CIRP was initiated vide order dated 21/03/2022. An Interim Resolution Professional (IRP), Smt. Rashmi Chhawchharia, was appointed. Public announcements were made inviting claims from creditors, and a Committee of Creditors (CoC) was formed. The CIRP period ended on 16/09/2022, and no extension was sought.
Bhuwalka Mercantile LLP, an Operational Creditor, initiated CIRP against Aelis Enterprise Learning and Implementation Solutions Private Limited. The CIRP commenced on 2022-03-21. Rashmi Chhawchharia was appointed as the IRP and later confirmed as RP. Public announcements were made to invite claims from creditors, leading to the formation of a Committee of Creditors (CoC). Six progress reports were filed. Despite inviting Expressions of Interest, only one resolution plan was received from AVI Polymers Limited. The CoC rejected the plan due to a lack of experience in the skill sector. The CIRP period ended on 2022-09-16 without any extension. The CoC decided to proceed with liquidation. The RP filed IA(IBC)/1062(KB)2022 seeking liquidation. The Corporate Debtor had
…Sign in to view the parties.
Order for initiation of Corporate Insolvency…
Public announcement in “Financial Express” and…
Bhuwalka Mercantile LLP, the Operational Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Aelis Enterprise Learning and Implementation Solutions Private Limited, the Corporate Debtor, under Section 9 of the IBC. The CIRP was initiated vide order dated 21/03/2022. An Interim Resolution Professional (IRP), Smt. Rashmi Chhawchharia, was appointed. Public announcements were made inviting claims from creditors, and a Committee of Creditors (CoC) was formed. The CIRP period ended on 16/09/2022, and no extension was sought.
Bhuwalka Mercantile LLP, an Operational Creditor, initiated CIRP against Aelis Enterprise Learning and Implementation Solutions Private Limited. The CIRP commenced on 2022-03-21. Rashmi Chhawchharia was appointed as the IRP and later confirmed as RP. Public announcements were made to invite claims from creditors, leading to the formation of a Committee of Creditors (CoC). Six progress reports were filed. Despite inviting Expressions of Interest, only one resolution plan was received from AVI Polymers Limited. The CoC rejected the plan due to a lack of experience in the skill sector. The CIRP period ended on 2022-09-16 without any extension. The CoC decided to proceed with liquidation. The RP filed IA(IBC)/1062(KB)2022 seeking liquidation. The Corporate Debtor had
…Order for initiation of Corporate Insolvency…
Public announcement in “Financial Express” and…