The case pertains to an application filed by the Resolution Professional (RP) under Section 33 read with Section 34 of the Insolvency & Bankruptcy Code, 2016, seeking an order for the liquidation of the Corporate Debtor, M/s. Bohra Fashions Private Limited. The Corporate Debtor was admitted into the Corporate Insolvency Resolution Process (CIRP) on 2022-05-10 following an application by the Operational Creditor, Holzwood Industries Private Limited, under Section 9 of the IBC, 2016. Atul Jaswantrai Sheth was appointed as the Interim Resolution Professional (IRP). The applicant submitted that the respondents are the directors of the suspended management of M/s. Bohra Fashions Private Limited. The first meeting of the CoC was held on 2022-06-21, and the second on
…Holzwood Industries Private Limited, an operational creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Bohra Fashions Private Limited under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The CIRP was admitted on 2022-05-10. Atul Jaswantrai Sheth was appointed as the Interim Resolution Professional (IRP). The first meeting of the Committee of Creditors (CoC) was held on 2022-06-21. In the second CoC meeting on 2022-07-27, the applicant was appointed as the Resolution Professional (RP). An invitation for expression of interest (Form G) was published on 2022-08-06. Only one resolution applicant, Nakshatra Corporate Advisors Limited, submitted an Expression of Interest but failed to submit a resolution plan by 2022-10-06. In the fifth
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Corporate Debtor…
First meeting…
The case pertains to an application filed by the Resolution Professional (RP) under Section 33 read with Section 34 of the Insolvency & Bankruptcy Code, 2016, seeking an order for the liquidation of the Corporate Debtor, M/s. Bohra Fashions Private Limited. The Corporate Debtor was admitted into the Corporate Insolvency Resolution Process (CIRP) on 2022-05-10 following an application by the Operational Creditor, Holzwood Industries Private Limited, under Section 9 of the IBC, 2016. Atul Jaswantrai Sheth was appointed as the Interim Resolution Professional (IRP). The applicant submitted that the respondents are the directors of the suspended management of M/s. Bohra Fashions Private Limited. The first meeting of the CoC was held on 2022-06-21, and the second on
…Holzwood Industries Private Limited, an operational creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Bohra Fashions Private Limited under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The CIRP was admitted on 2022-05-10. Atul Jaswantrai Sheth was appointed as the Interim Resolution Professional (IRP). The first meeting of the Committee of Creditors (CoC) was held on 2022-06-21. In the second CoC meeting on 2022-07-27, the applicant was appointed as the Resolution Professional (RP). An invitation for expression of interest (Form G) was published on 2022-08-06. Only one resolution applicant, Nakshatra Corporate Advisors Limited, submitted an Expression of Interest but failed to submit a resolution plan by 2022-10-06. In the fifth
…Corporate Debtor…
First meeting…