The case involves an application filed under Section 33 r/w Section 12 of the Insolvency and Bankruptcy Code, 2016, r/w Rule 11 of the National Company Law Tribunal Rules, 2016, by Mr. Amit C. Poddar, the Resolution Professional (RP) of Autocop (India) Private Limited. The RP sought a liquidation order and appointment as liquidator based on a resolution passed by the Committee of Creditors (CoC) in its 14th meeting held on 2023-03-27. The Corporate Insolvency Resolution Process (CIRP) had been initiated, and Mr. Madan Vaishnawa was initially appointed as the Interim Resolution Professional (IRP), followed by Mr. Amit C. Poddar as the RP.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Autocop (India) Pvt. Ltd. The application for CIRP was admitted on 2022-03-16. Mr. Madan Vaishnawa was initially appointed as the Interim Resolution Professional (IRP), and later, Mr. Amit C. Poddar was appointed as the Resolution Professional (RP) with the approval of the Committee of Creditors (CoC). During the CIRP, 14 CoC meetings were held. The RP published Form-G twice, and three Expressions of Interest (EoIs) were received. The last date for submission of the Resolution Plan was extended by 15 days with the CoC's approval. A request for further extension of 15 days from C.E. Info Systems Limited was rejected by the CoC. Only one Resolution Plan was received from M/s Shanti G.D. Ispat &
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Filing of the Corporate…
The application for…
The case involves an application filed under Section 33 r/w Section 12 of the Insolvency and Bankruptcy Code, 2016, r/w Rule 11 of the National Company Law Tribunal Rules, 2016, by Mr. Amit C. Poddar, the Resolution Professional (RP) of Autocop (India) Private Limited. The RP sought a liquidation order and appointment as liquidator based on a resolution passed by the Committee of Creditors (CoC) in its 14th meeting held on 2023-03-27. The Corporate Insolvency Resolution Process (CIRP) had been initiated, and Mr. Madan Vaishnawa was initially appointed as the Interim Resolution Professional (IRP), followed by Mr. Amit C. Poddar as the RP.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Autocop (India) Pvt. Ltd. The application for CIRP was admitted on 2022-03-16. Mr. Madan Vaishnawa was initially appointed as the Interim Resolution Professional (IRP), and later, Mr. Amit C. Poddar was appointed as the Resolution Professional (RP) with the approval of the Committee of Creditors (CoC). During the CIRP, 14 CoC meetings were held. The RP published Form-G twice, and three Expressions of Interest (EoIs) were received. The last date for submission of the Resolution Plan was extended by 15 days with the CoC's approval. A request for further extension of 15 days from C.E. Info Systems Limited was rejected by the CoC. Only one Resolution Plan was received from M/s Shanti G.D. Ispat &
…Filing of the Corporate…
The application for…