The case involves the Corporate Insolvency Resolution Process (CIRP) initiated against Butta Infrastructure Private Limited. The Resolution Professional (RP) was appointed following a Tribunal order dated 2021-03-01. The RP filed an application under Section 33(1)(a) of the Insolvency & Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor. The company petition filed by the Corporate Person under Section 7 of IBC, 2016, was admitted by the Adjudicating Authority on 2021-03-01, initiating CIRP. The applicant was appointed as Interim Resolution Professional (IRP) and continued as Resolution Professional. An extension of the CIRP term was granted, but two resolution plans were rejected by the Committee of Creditors (CoC).
The Corporate Insolvency Resolution Process (CIRP) was initiated against Butta Infrastructure Private Limited following an order by the Tribunal on 2021-03-01. The Resolution Professional (RP) appointed by the Tribunal filed an application under Section 33(1)(a) of the Insolvency & Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor. The company petition filed by the Corporate Person under Section 7 of IBC, 2016, was admitted by the Adjudicating Authority on 2021-03-01, initiating CIRP. The applicant was appointed as Interim Resolution Professional (IRP) and continued as Resolution Professional. The first extension of the term of CIRP by 90 days beyond 180 days was granted on 2021-10-22, apart from exclusion of 45 days covid lockdown period. Two
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Tribunal order directing initiation of…
The Company Petition filed by the Corporate…
The case involves the Corporate Insolvency Resolution Process (CIRP) initiated against Butta Infrastructure Private Limited. The Resolution Professional (RP) was appointed following a Tribunal order dated 2021-03-01. The RP filed an application under Section 33(1)(a) of the Insolvency & Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor. The company petition filed by the Corporate Person under Section 7 of IBC, 2016, was admitted by the Adjudicating Authority on 2021-03-01, initiating CIRP. The applicant was appointed as Interim Resolution Professional (IRP) and continued as Resolution Professional. An extension of the CIRP term was granted, but two resolution plans were rejected by the Committee of Creditors (CoC).
The Corporate Insolvency Resolution Process (CIRP) was initiated against Butta Infrastructure Private Limited following an order by the Tribunal on 2021-03-01. The Resolution Professional (RP) appointed by the Tribunal filed an application under Section 33(1)(a) of the Insolvency & Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor. The company petition filed by the Corporate Person under Section 7 of IBC, 2016, was admitted by the Adjudicating Authority on 2021-03-01, initiating CIRP. The applicant was appointed as Interim Resolution Professional (IRP) and continued as Resolution Professional. The first extension of the term of CIRP by 90 days beyond 180 days was granted on 2021-10-22, apart from exclusion of 45 days covid lockdown period. Two
…Tribunal order directing initiation of…
The Company Petition filed by the Corporate…