Adecco India Private Limited filed an application against Aventura Components Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP. The Adjudicating Authority initiated CIRP on 2021-02-12 and appointed Mr. Satya Prakash as the Interim Resolution Professional. A public announcement was made on 2021-03-15 to invite claims from creditors, with a deadline of 2021-03-29. A Committee of Creditors (CoC) was formed, and in its first meeting on 2022-04-15, it resolved to appoint the IRP as RP. The RP prepared an Information Memorandum on 2021-05-04. In the third CoC meeting on 2021-05-31, a resolution was passed to replace Mr. Satya Prakash with Mr. Ravindra Kumar Goyal as RP. The Adjudicating Authority allowed this replacement on
…M/s Adecco India Private Limited initiated CIRP against M/s Aventura Components Private Limited under Section 9 of the IBC. CIRP was initiated on 2021-02-12, and Mr. Satya Prakash was appointed as IRP. A public announcement was made on 2021-03-15. The CoC was formed, and in its meeting on 2022-04-15, the IRP was appointed as RP. The RP prepared an Information Memorandum on 2021-05-04. The CoC decided to replace Mr. Satya Prakash with Mr. Ravindra Kumar Goyal as RP on 2021-05-31, which was approved on 2021-07-12. Form G was published on 2021-08-06. The deadline for submission of the resolution plan was extended to 2021-10-30. Only one resolution plan was received, which was rejected by the CoC on 2022-05-04 due to a low offer and unacceptable personal guarantee release
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CIRP initiated against…
Public announcement…
Adecco India Private Limited filed an application against Aventura Components Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP. The Adjudicating Authority initiated CIRP on 2021-02-12 and appointed Mr. Satya Prakash as the Interim Resolution Professional. A public announcement was made on 2021-03-15 to invite claims from creditors, with a deadline of 2021-03-29. A Committee of Creditors (CoC) was formed, and in its first meeting on 2022-04-15, it resolved to appoint the IRP as RP. The RP prepared an Information Memorandum on 2021-05-04. In the third CoC meeting on 2021-05-31, a resolution was passed to replace Mr. Satya Prakash with Mr. Ravindra Kumar Goyal as RP. The Adjudicating Authority allowed this replacement on
…M/s Adecco India Private Limited initiated CIRP against M/s Aventura Components Private Limited under Section 9 of the IBC. CIRP was initiated on 2021-02-12, and Mr. Satya Prakash was appointed as IRP. A public announcement was made on 2021-03-15. The CoC was formed, and in its meeting on 2022-04-15, the IRP was appointed as RP. The RP prepared an Information Memorandum on 2021-05-04. The CoC decided to replace Mr. Satya Prakash with Mr. Ravindra Kumar Goyal as RP on 2021-05-31, which was approved on 2021-07-12. Form G was published on 2021-08-06. The deadline for submission of the resolution plan was extended to 2021-10-30. Only one resolution plan was received, which was rejected by the CoC on 2022-05-04 due to a low offer and unacceptable personal guarantee release
…CIRP initiated against…
Public announcement…