The case involves an application (I.A. No. 3916/2022) filed by the Resolution Professional (RP), Mr. Raj Kumar Dad, seeking liquidation of Ajanta Paper & General Products Ltd. (the Corporate Debtor) under Section 33(3) of the Insolvency and Bankruptcy Code, 2016. The Committee of Creditors (CoC) resolved to liquidate the Corporate Debtor after rejecting a resolution plan. The RP received only one resolution plan from Padmanabh Trading Pvt. Ltd., which was rejected by the CoC with 100% voting against it. The CoC approved the liquidation of the Corporate Debtor in its 11th meeting. The application seeks the initiation of the liquidation process and the appointment of the applicant as the liquidator.
The Resolution Professional (RP), Mr. Raj Kumar Dad, filed an application (I.A. No. 3916/2022) seeking liquidation of Ajanta Paper & General Products Ltd. (Corporate Debtor) under Section 33(3) of the Insolvency and Bankruptcy Code, 2016. The Committee of Creditors (CoC), consisting of financial creditors, resolved to liquidate the Corporate Debtor. The RP received only one resolution plan from Padmanabh Trading Pvt. Ltd., which was rejected by the CoC with 100% voting. The CoC approved the liquidation of the Corporate Debtor in its 11th meeting on 25.11.2022. Form G was issued twice to invite expressions of interest. The Bench had previously granted a 90-day extension of the CIRP period on 19.04.2022. The CoC also approved the appointment of Mr. Raj Kumar Dad as
…Sign in to view the parties.
Filing of the Corporate…
Resolution made to appoint Raj Kumar Dad as…
The case involves an application (I.A. No. 3916/2022) filed by the Resolution Professional (RP), Mr. Raj Kumar Dad, seeking liquidation of Ajanta Paper & General Products Ltd. (the Corporate Debtor) under Section 33(3) of the Insolvency and Bankruptcy Code, 2016. The Committee of Creditors (CoC) resolved to liquidate the Corporate Debtor after rejecting a resolution plan. The RP received only one resolution plan from Padmanabh Trading Pvt. Ltd., which was rejected by the CoC with 100% voting against it. The CoC approved the liquidation of the Corporate Debtor in its 11th meeting. The application seeks the initiation of the liquidation process and the appointment of the applicant as the liquidator.
The Resolution Professional (RP), Mr. Raj Kumar Dad, filed an application (I.A. No. 3916/2022) seeking liquidation of Ajanta Paper & General Products Ltd. (Corporate Debtor) under Section 33(3) of the Insolvency and Bankruptcy Code, 2016. The Committee of Creditors (CoC), consisting of financial creditors, resolved to liquidate the Corporate Debtor. The RP received only one resolution plan from Padmanabh Trading Pvt. Ltd., which was rejected by the CoC with 100% voting. The CoC approved the liquidation of the Corporate Debtor in its 11th meeting on 25.11.2022. Form G was issued twice to invite expressions of interest. The Bench had previously granted a 90-day extension of the CIRP period on 19.04.2022. The CoC also approved the appointment of Mr. Raj Kumar Dad as
…Filing of the Corporate…
Resolution made to appoint Raj Kumar Dad as…