The application was filed by the Resolution Professional (RP) of AMW Commercial Vehicle Applications Limited, the Corporate Debtor, seeking liquidation. SREI Equipment Finance Limited, the Financial Creditor, had initiated CIRP against the Corporate Debtor under Section 7 of the IBC due to default in payment obligations. The CIRP was admitted on 2022-07-11, and the Applicant was appointed as the IRP. Public announcement was made on 2022-07-28. The CoC initially comprised a single Financial Creditor, later joined by an Operational Creditor. Despite attempts to find a resolution applicant, the CoC ultimately resolved to liquidate the Corporate Debtor in its 11th meeting on 2023-04-19.
SREI Equipment Finance Limited initiated CIRP against AMW Commercial Vehicle Applications Limited under Section 7 of IBC due to payment defaults. The CIRP was admitted on 2022-07-11, and Avinash Ambikaprasad Shukla was appointed as the IRP. A public announcement was made on 2022-07-28. The CoC initially had one Financial Creditor and later included an Operational Creditor. The first CoC meeting was on 2022-08-23, where the applicant was appointed as RP. An Expression of Interest (EoI) was published, and two prospective resolution applicants (Nakshtra Corporates Advisors Limited and Shanti G D Ispat and Power Private Limited) submitted EOIs. The sole Financial Creditor expressed concerns about the resolution applicants' industry similarity. A revised Form-G was
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CIRP initiated against AMW Commercial Vehicle…
Public announcement made regarding the…
The application was filed by the Resolution Professional (RP) of AMW Commercial Vehicle Applications Limited, the Corporate Debtor, seeking liquidation. SREI Equipment Finance Limited, the Financial Creditor, had initiated CIRP against the Corporate Debtor under Section 7 of the IBC due to default in payment obligations. The CIRP was admitted on 2022-07-11, and the Applicant was appointed as the IRP. Public announcement was made on 2022-07-28. The CoC initially comprised a single Financial Creditor, later joined by an Operational Creditor. Despite attempts to find a resolution applicant, the CoC ultimately resolved to liquidate the Corporate Debtor in its 11th meeting on 2023-04-19.
SREI Equipment Finance Limited initiated CIRP against AMW Commercial Vehicle Applications Limited under Section 7 of IBC due to payment defaults. The CIRP was admitted on 2022-07-11, and Avinash Ambikaprasad Shukla was appointed as the IRP. A public announcement was made on 2022-07-28. The CoC initially had one Financial Creditor and later included an Operational Creditor. The first CoC meeting was on 2022-08-23, where the applicant was appointed as RP. An Expression of Interest (EoI) was published, and two prospective resolution applicants (Nakshtra Corporates Advisors Limited and Shanti G D Ispat and Power Private Limited) submitted EOIs. The sole Financial Creditor expressed concerns about the resolution applicants' industry similarity. A revised Form-G was
…CIRP initiated against AMW Commercial Vehicle…
Public announcement made regarding the…