The case involves an application filed by Mr. Rahul Drolia, the Resolution Professional (RP) of the Corporate Debtor, Archis Enterprises (India) Private Limited, seeking liquidation under Section 33 of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated against Archis Enterprises (India) Private Limited following a petition filed by Mahashakti Plasto Private Limited, an Operational Creditor, under Section 9 of the Code. The RP was initially appointed as Interim Resolution Professional and later confirmed as Resolution Professional.
Mahashakti Plasto Private Limited, an Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, leading to the initiation of the Corporate Insolvency Resolution Process (CIRP) against Archis Enterprises (India) Private Limited. Mr. Rahul Drolia was appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional. A public announcement was made, and claims were received from Operational Creditors. The Committee of Creditors (CoC) was formed, consisting of three Operational Creditors: Department of Goods & Tax, Government of Maharashtra (78.06% voting rights), Employees State Insurance Corporation (3.43% voting rights), and Employees Provident Fund Organisation (18.51% voting rights). The
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Company Petition C.P.(IB)/1840(MB-IV)/2019…
Tribunal order admitting the Company…
The case involves an application filed by Mr. Rahul Drolia, the Resolution Professional (RP) of the Corporate Debtor, Archis Enterprises (India) Private Limited, seeking liquidation under Section 33 of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated against Archis Enterprises (India) Private Limited following a petition filed by Mahashakti Plasto Private Limited, an Operational Creditor, under Section 9 of the Code. The RP was initially appointed as Interim Resolution Professional and later confirmed as Resolution Professional.
Mahashakti Plasto Private Limited, an Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, leading to the initiation of the Corporate Insolvency Resolution Process (CIRP) against Archis Enterprises (India) Private Limited. Mr. Rahul Drolia was appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional. A public announcement was made, and claims were received from Operational Creditors. The Committee of Creditors (CoC) was formed, consisting of three Operational Creditors: Department of Goods & Tax, Government of Maharashtra (78.06% voting rights), Employees State Insurance Corporation (3.43% voting rights), and Employees Provident Fund Organisation (18.51% voting rights). The
…Company Petition C.P.(IB)/1840(MB-IV)/2019…
Tribunal order admitting the Company…