The case involves an application filed under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016, seeking the liquidation of the Corporate Debtor, Bahula Infotech Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor based on a petition filed by Viom Infra Venture Limited, an Operational Creditor, under Section 9 of the IBC. Mr. Aneel Saraogi was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP).
Viom Infra Venture 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 Bahula Infotech Private Limited. Mr. Aneel Saraogi was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). Form G was issued to invite Expression of Interest (EOI) for resolution plans, but no EOI was received by the initial deadline. A second attempt to solicit resolution plans also failed, with only Quantta Analytics Private Limited expressing interest but ultimately not submitting a plan. The Committee of Creditors (CoC) decided in its 8th meeting on 02.01.2023 to liquidate the company under
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The case was registered…
The Adjudicating Authority ordered the…
The case involves an application filed under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016, seeking the liquidation of the Corporate Debtor, Bahula Infotech Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor based on a petition filed by Viom Infra Venture Limited, an Operational Creditor, under Section 9 of the IBC. Mr. Aneel Saraogi was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP).
Viom Infra Venture 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 Bahula Infotech Private Limited. Mr. Aneel Saraogi was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). Form G was issued to invite Expression of Interest (EOI) for resolution plans, but no EOI was received by the initial deadline. A second attempt to solicit resolution plans also failed, with only Quantta Analytics Private Limited expressing interest but ultimately not submitting a plan. The Committee of Creditors (CoC) decided in its 8th meeting on 02.01.2023 to liquidate the company under
…The case was registered…
The Adjudicating Authority ordered the…