The case involves an application filed by the Resolution Professional (RP) under Section 33(1)(a) read with Section 34 of the Insolvency & Bankruptcy Code, 2016 (IBC) for directions for the liquidation of Chadalvada Infratech Limited, the Corporate Debtor. The Financial Creditor, State Bank of India, had initiated Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor under Section 7 of the IBC. The petition was admitted on 2021-09-23, and G Madhusudhan Rao was appointed as the Interim Resolution Professional (IRP), later continuing as the Resolution Professional (RP). Despite issuing Expression of Interest (EOI), the RP received five incomplete EOIs. The RP requested submission of deficit documents, but no prospective resolution applicants
…State Bank of India, the Financial Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Chadalvada Infratech Limited, the Corporate Debtor, by filing a petition under Section 7 of the Insolvency and Bankruptcy Code (IBC). The petition was admitted by the Adjudicating Authority on 2021-09-23, and G Madhusudhan Rao was appointed as the Interim Resolution Professional (IRP), later continuing as the Resolution Professional (RP). The RP issued Expression of Interest (EOI) and received five EOIs from prospective resolution applicants, but all were incomplete. The RP requested the submission of deficit documents within 5 days, but no prospective resolution applicants submitted the required documents. The RP convened the 4th Committee of Creditors (CoC)
…Sign in to view the parties.
The Financial Creditor, State Bank of India,…
The Adjudicating Authority admitted the petition…
The case involves an application filed by the Resolution Professional (RP) under Section 33(1)(a) read with Section 34 of the Insolvency & Bankruptcy Code, 2016 (IBC) for directions for the liquidation of Chadalvada Infratech Limited, the Corporate Debtor. The Financial Creditor, State Bank of India, had initiated Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor under Section 7 of the IBC. The petition was admitted on 2021-09-23, and G Madhusudhan Rao was appointed as the Interim Resolution Professional (IRP), later continuing as the Resolution Professional (RP). Despite issuing Expression of Interest (EOI), the RP received five incomplete EOIs. The RP requested submission of deficit documents, but no prospective resolution applicants
…State Bank of India, the Financial Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Chadalvada Infratech Limited, the Corporate Debtor, by filing a petition under Section 7 of the Insolvency and Bankruptcy Code (IBC). The petition was admitted by the Adjudicating Authority on 2021-09-23, and G Madhusudhan Rao was appointed as the Interim Resolution Professional (IRP), later continuing as the Resolution Professional (RP). The RP issued Expression of Interest (EOI) and received five EOIs from prospective resolution applicants, but all were incomplete. The RP requested the submission of deficit documents within 5 days, but no prospective resolution applicants submitted the required documents. The RP convened the 4th Committee of Creditors (CoC)
…The Financial Creditor, State Bank of India,…
The Adjudicating Authority admitted the petition…