The case involves an application (IA(IBC)/493(KB)2022) filed by the Resolution Professional (RP) of Banger Tech Private Limited, the Corporate Debtor, seeking liquidation under section 33(2) of the Insolvency & Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor on 25/11/2021, and Mr. Aditya Kumar Tibrewal was appointed as the Interim Resolution Professional (IRP). Public announcement was made on 28/11/2021. The Committee of Creditors (CoC), comprising one unsecured financial creditor, was duly constituted. Despite inviting Expression of Interest (EoI) through Form G, no resolution plan was received. The CoC, in its meeting held on 26/04/2022, recommended liquidation with 100% voting share.
Banger Tech Private Limited was admitted into Corporate Insolvency Resolution Process (CIRP) vide order dated 25/11/2021. Aditya Kumar Tibrewal was appointed as the Interim Resolution Professional (IRP). A public announcement was made on 28/11/2021. The Committee of Creditors (CoC) was formed, consisting of one unsecured financial creditor. Expression of Interest (EoI) was invited by publishing Form G on 23/02/2022, with a submission deadline of 16/03/2022. No resolution plan was received. The CoC, in its meeting on 26/04/2022, with 100% voting share, recommended liquidation. The 180-day CIRP period expired on 23/05/2022. The RP filed IA(IBC)/493(KB)2022 seeking liquidation. The CoC proposed the name of Aditya Kumar Tibrewal as the Liquidator. The Corporate Debtor was
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The case involves an application (IA(IBC)/493(KB)2022) filed by the Resolution Professional (RP) of Banger Tech Private Limited, the Corporate Debtor, seeking liquidation under section 33(2) of the Insolvency & Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor on 25/11/2021, and Mr. Aditya Kumar Tibrewal was appointed as the Interim Resolution Professional (IRP). Public announcement was made on 28/11/2021. The Committee of Creditors (CoC), comprising one unsecured financial creditor, was duly constituted. Despite inviting Expression of Interest (EoI) through Form G, no resolution plan was received. The CoC, in its meeting held on 26/04/2022, recommended liquidation with 100% voting share.
Banger Tech Private Limited was admitted into Corporate Insolvency Resolution Process (CIRP) vide order dated 25/11/2021. Aditya Kumar Tibrewal was appointed as the Interim Resolution Professional (IRP). A public announcement was made on 28/11/2021. The Committee of Creditors (CoC) was formed, consisting of one unsecured financial creditor. Expression of Interest (EoI) was invited by publishing Form G on 23/02/2022, with a submission deadline of 16/03/2022. No resolution plan was received. The CoC, in its meeting on 26/04/2022, with 100% voting share, recommended liquidation. The 180-day CIRP period expired on 23/05/2022. The RP filed IA(IBC)/493(KB)2022 seeking liquidation. The CoC proposed the name of Aditya Kumar Tibrewal as the Liquidator. The Corporate Debtor was
…The Adjudicating Authority ordered the…
Public announcement…