The application IA (IBC) No. 587/JPR/2022 was filed for the liquidation of Ajit Solar Private Limited ('Corporate Debtor') under Section 33 of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated based on an application by JFC Finance (India) Pvt. Ltd. ('Financial Creditor') under Section 7 of the Code. Mr. Sandeep Kumar Gupta was appointed as Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional. The RP invited Expressions of Interest (EOI) from Prospective Resolution Applicants (PRA), but no eligible PRA submitted a resolution plan. The Financial Creditor resolved to initiate liquidation proceedings. Devendra Singh was appointed as the RP and approved by the Adjudicating
…JFC Finance (India) Limited initiated Corporate Insolvency Resolution Process (CIRP) against Ajit Solar Private Limited under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. Sandeep Kumar Gupta was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The RP invited Expressions of Interest (EOI) from Prospective Resolution Applicants (PRA), receiving four EOIs initially and later seven EOIs. However, no eligible PRA submitted a viable resolution plan within the CIRP period. The Committee of Creditors (CoC), with JFC Finance (India) Limited as the sole member, resolved to initiate liquidation proceedings. Devendra Singh was appointed as the new RP. The Financial Creditor initially filed IA No. 57 of
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The Adjudicating Authority admitted the…
The Financial Creditor resolved to initiate the…
The application IA (IBC) No. 587/JPR/2022 was filed for the liquidation of Ajit Solar Private Limited ('Corporate Debtor') under Section 33 of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated based on an application by JFC Finance (India) Pvt. Ltd. ('Financial Creditor') under Section 7 of the Code. Mr. Sandeep Kumar Gupta was appointed as Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional. The RP invited Expressions of Interest (EOI) from Prospective Resolution Applicants (PRA), but no eligible PRA submitted a resolution plan. The Financial Creditor resolved to initiate liquidation proceedings. Devendra Singh was appointed as the RP and approved by the Adjudicating
…JFC Finance (India) Limited initiated Corporate Insolvency Resolution Process (CIRP) against Ajit Solar Private Limited under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. Sandeep Kumar Gupta was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The RP invited Expressions of Interest (EOI) from Prospective Resolution Applicants (PRA), receiving four EOIs initially and later seven EOIs. However, no eligible PRA submitted a viable resolution plan within the CIRP period. The Committee of Creditors (CoC), with JFC Finance (India) Limited as the sole member, resolved to initiate liquidation proceedings. Devendra Singh was appointed as the new RP. The Financial Creditor initially filed IA No. 57 of
…The Adjudicating Authority admitted the…
The Financial Creditor resolved to initiate the…