The case involves an application filed under Section 33(2) read with Section 34 of the Insolvency and Bankruptcy Code, 2016, seeking directions for the liquidation of Anjali Waterford Hospitality and Infra Limited, the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated following a petition filed by the Operational Creditor, P. Raghava Rao, under Section 9 of the Code. The petition was admitted on 2021-02-22, and Pradeep Kumar Sravanam was appointed as the Interim Resolution Professional (IRP).
P. Raghava Rao, an Operational Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Anjali Waterford Hospitality and Infra Pvt Ltd by filing a petition under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The petition, numbered CP (IB) No. 251/9/HDB/2020, was admitted on 2021-02-22, and Pradeep Kumar Sravanam was appointed as the Interim Resolution Professional (IRP). The IRP was later appointed as the Resolution Professional (RP) by the Committee of Creditors (COC). The RP published Form G to invite Expressions of Interest (EOI) from prospective resolution applicants. However, no viable resolution plans were received. The COC, noting the absence of resolution plans and the unlikelihood of reviving the Corporate Debtor, decided to
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Corporate Insolvency Resolution Process…
The petition filed by P. Raghava Rao was…
The case involves an application filed under Section 33(2) read with Section 34 of the Insolvency and Bankruptcy Code, 2016, seeking directions for the liquidation of Anjali Waterford Hospitality and Infra Limited, the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated following a petition filed by the Operational Creditor, P. Raghava Rao, under Section 9 of the Code. The petition was admitted on 2021-02-22, and Pradeep Kumar Sravanam was appointed as the Interim Resolution Professional (IRP).
P. Raghava Rao, an Operational Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Anjali Waterford Hospitality and Infra Pvt Ltd by filing a petition under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The petition, numbered CP (IB) No. 251/9/HDB/2020, was admitted on 2021-02-22, and Pradeep Kumar Sravanam was appointed as the Interim Resolution Professional (IRP). The IRP was later appointed as the Resolution Professional (RP) by the Committee of Creditors (COC). The RP published Form G to invite Expressions of Interest (EOI) from prospective resolution applicants. However, no viable resolution plans were received. The COC, noting the absence of resolution plans and the unlikelihood of reviving the Corporate Debtor, decided to
…Corporate Insolvency Resolution Process…
The petition filed by P. Raghava Rao was…