The case involves an application filed by the Resolution Professional under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking directions for the liquidation of the Corporate Debtor, M/s. Asia Telecom Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated following an application by the Operational Creditor, M/s. Uniword Telecom Limited, under Section 9 of the Code. The application was admitted by the NCLT, New Delhi Bench, on 01.07.2022. The IRP issued a public announcement and constituted a Committee of Creditors (CoC).
M/s. Uniword Telecom Limited, an Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s. Asia Telecom Private Limited, the Corporate Debtor. The application was admitted by the NCLT on 01.07.2022. Abhishek Anand was appointed as the Interim Resolution Professional (IRP). The IRP issued a public announcement on 06.07.2022, calling for creditors to submit their claims. Only one claim was received from Uniword Telecom Limited for Rs. 1,86,00,000/-. The IRP verified the claim and constituted a Committee of Creditors (CoC). The CoC conducted five meetings. The CoC rejected a proposal to publish Form G. The CoC decided to liquidate the Corporate Debtor
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Company Petition No.…
The application for…
The case involves an application filed by the Resolution Professional under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking directions for the liquidation of the Corporate Debtor, M/s. Asia Telecom Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated following an application by the Operational Creditor, M/s. Uniword Telecom Limited, under Section 9 of the Code. The application was admitted by the NCLT, New Delhi Bench, on 01.07.2022. The IRP issued a public announcement and constituted a Committee of Creditors (CoC).
M/s. Uniword Telecom Limited, an Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s. Asia Telecom Private Limited, the Corporate Debtor. The application was admitted by the NCLT on 01.07.2022. Abhishek Anand was appointed as the Interim Resolution Professional (IRP). The IRP issued a public announcement on 06.07.2022, calling for creditors to submit their claims. Only one claim was received from Uniword Telecom Limited for Rs. 1,86,00,000/-. The IRP verified the claim and constituted a Committee of Creditors (CoC). The CoC conducted five meetings. The CoC rejected a proposal to publish Form G. The CoC decided to liquidate the Corporate Debtor
…Company Petition No.…
The application for…