The case involves an application (IA(IBC)/1435(KB)2022) filed by the Resolution Professional (RP) of Ceebuild Company Private Limited, the Corporate Debtor, seeking liquidation. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor based on a petition filed by Mr. Raj Kumar Sharma, an Operational Creditor, vide order dated 17/02/2022. Mr. Bishwanath Choudhary was appointed as the Interim Resolution Professional (IRP). A public announcement was made on 24/02/2022, inviting claims from creditors. A Committee of Creditors (CoC) was constituted on 11/03/2022, consisting solely of Indian Bank with 100% voting share.
Mr. Raj Kumar Sharma, an Operational Creditor, initiated CIRP against Ceebuild Company Private Limited (Corporate Debtor) via an order dated 17/02/2022. Mr. Bishwanath Choudhary was appointed as the IRP. A public announcement was made on 24/02/2022, inviting claims. The CoC was formed on 11/03/2022, comprising only Indian Bank with 100% voting share. Ms. Rachna Jhunjhunwala replaced Mr. Bishwanath Choudhary as the RP on 16/03/2022. Two resolution plans were received from Ms. Ritika Daga and Ashish Industrial Corporation. The CoC, in its 13th meeting on 12/10/2022, resolved to liquidate the Corporate Debtor with 100% voting share. The CIRP period ended on 14/10/2022, considering the extension granted. The CoC decided not to approve the resolution plans. Ms. Rachna
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The case involves an application (IA(IBC)/1435(KB)2022) filed by the Resolution Professional (RP) of Ceebuild Company Private Limited, the Corporate Debtor, seeking liquidation. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor based on a petition filed by Mr. Raj Kumar Sharma, an Operational Creditor, vide order dated 17/02/2022. Mr. Bishwanath Choudhary was appointed as the Interim Resolution Professional (IRP). A public announcement was made on 24/02/2022, inviting claims from creditors. A Committee of Creditors (CoC) was constituted on 11/03/2022, consisting solely of Indian Bank with 100% voting share.
Mr. Raj Kumar Sharma, an Operational Creditor, initiated CIRP against Ceebuild Company Private Limited (Corporate Debtor) via an order dated 17/02/2022. Mr. Bishwanath Choudhary was appointed as the IRP. A public announcement was made on 24/02/2022, inviting claims. The CoC was formed on 11/03/2022, comprising only Indian Bank with 100% voting share. Ms. Rachna Jhunjhunwala replaced Mr. Bishwanath Choudhary as the RP on 16/03/2022. Two resolution plans were received from Ms. Ritika Daga and Ashish Industrial Corporation. The CoC, in its 13th meeting on 12/10/2022, resolved to liquidate the Corporate Debtor with 100% voting share. The CIRP period ended on 14/10/2022, considering the extension granted. The CoC decided not to approve the resolution plans. Ms. Rachna
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Public announcement…
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