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 IRP had constituted the Committee of Creditors (CoC) and the first meeting of the CoC was held on 15.02.2024, where the resolution for confirming the IRP as the RP was proposed for voting.
The key facts are as follows: An application was filed by Mr. Nikhil Sachdeva, the Interim Resolution Professional (IRP) of M/s CBS Holdings Private Limited ('Corporate Debtor'), seeking confirmation 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 IRP had constituted the Committee of Creditors (CoC), and the first CoC meeting was held on 15.02.2024. The resolution to confirm the IRP as the RP was approved by the CoC with 100% voting. The CoC also approved the expenses to be incurred by
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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 IRP had constituted the Committee of Creditors (CoC) and the first meeting of the CoC was held on 15.02.2024, where the resolution for confirming the IRP as the RP was proposed for voting.
The key facts are as follows: An application was filed by Mr. Nikhil Sachdeva, the Interim Resolution Professional (IRP) of M/s CBS Holdings Private Limited ('Corporate Debtor'), seeking confirmation 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 IRP had constituted the Committee of Creditors (CoC), and the first CoC meeting was held on 15.02.2024. The resolution to confirm the IRP as the RP was approved by the CoC with 100% voting. The CoC also approved the expenses to be incurred by
…The Adjudicating Authority initiated the…
The first meeting of the Committee of…