The case involves an application filed by Mr. Nikhil Sachdeva, the Interim Resolution Professional (IRP) of M/s CBS Holdings Private Limited ('Corporate Debtor'), seeking confirmation of his appointment as the Resolution Professional (RP). The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor based on an application filed by the financial creditor under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The Adjudicating Authority had initiated the CIRP vide order dated 16.01.2024.
The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s CBS Holdings Private Limited ('Corporate Debtor') based on an application filed by the financial creditor under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. Mr. Nikhil Sachdeva was appointed as the Interim Resolution Professional (IRP). The IRP performed necessary duties, including making public announcements and verifying claims. The Committee of Creditors (CoC) was constituted, and in its first meeting on 15.02.2024, a resolution was proposed to confirm the IRP as the Resolution Professional (RP). The resolution was approved with 100% voting share. The CoC also approved the expenses to be incurred by the RP. The applicant, Mr. Nikhil Sachdeva, filed an application seeking
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The Adjudicating Authority initiated the…
The first meeting of the Committee of…
The case involves an application filed by Mr. Nikhil Sachdeva, the Interim Resolution Professional (IRP) of M/s CBS Holdings Private Limited ('Corporate Debtor'), seeking confirmation of his appointment as the Resolution Professional (RP). The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor based on an application filed by the financial creditor under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The Adjudicating Authority had initiated the CIRP vide order dated 16.01.2024.
The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s CBS Holdings Private Limited ('Corporate Debtor') based on an application filed by the financial creditor under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. Mr. Nikhil Sachdeva was appointed as the Interim Resolution Professional (IRP). The IRP performed necessary duties, including making public announcements and verifying claims. The Committee of Creditors (CoC) was constituted, and in its first meeting on 15.02.2024, a resolution was proposed to confirm the IRP as the Resolution Professional (RP). The resolution was approved with 100% voting share. The CoC also approved the expenses to be incurred by the RP. The applicant, Mr. Nikhil Sachdeva, filed an application seeking
…The Adjudicating Authority initiated the…
The first meeting of the Committee of…