The case pertains to an application filed by the Resolution Professional (RP) under Section 33 read with Section 34 of the Insolvency & Bankruptcy Code (IBC), 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. 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 Committee of Creditors (CoC) was held on
…The Corporate Debtor, M/s. Bohra Fashions Private Limited, was admitted into CIRP on 2022-05-10 based on an application by Holzwood Industries Private Limited under Section 9 of the IBC. Atul Jaswantrai Sheth was appointed as the IRP. The respondents are the suspended directors of the Corporate Debtor. The first CoC meeting was on 2022-06-21, and the second on 2022-07-27, where the applicant was appointed as RP. Form –G was published on 2022-08-06. In the fifth CoC meeting on 2022-10-28, the members were informed that only Nakshatra Corporate Advisors Limited submitted an EOI but failed to submit a resolution plan by 2022-10-06. The CoC decided to initiate liquidation with 100% voting. The respondents filed objections, which were denied by the applicant. The Corporate
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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 (IBC), 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. 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 Committee of Creditors (CoC) was held on
…The Corporate Debtor, M/s. Bohra Fashions Private Limited, was admitted into CIRP on 2022-05-10 based on an application by Holzwood Industries Private Limited under Section 9 of the IBC. Atul Jaswantrai Sheth was appointed as the IRP. The respondents are the suspended directors of the Corporate Debtor. The first CoC meeting was on 2022-06-21, and the second on 2022-07-27, where the applicant was appointed as RP. Form –G was published on 2022-08-06. In the fifth CoC meeting on 2022-10-28, the members were informed that only Nakshatra Corporate Advisors Limited submitted an EOI but failed to submit a resolution plan by 2022-10-06. The CoC decided to initiate liquidation with 100% voting. The respondents filed objections, which were denied by the applicant. The Corporate
…Corporate Debtor…
First meeting…