The case involves multiple Interlocutory Applications (IAs) filed in connection with the Corporate Insolvency Resolution Process (CIRP) of Chamber Constructions Private Limited. The CIRP was initiated following the admission of a company petition against the Corporate Debtor. The Resolution Professional (RP) was appointed and subsequently confirmed by the Committee of Creditors (CoC). Due to unavailability of requisite data, the transaction audit and determination of fair value and liquidation value could not be concluded. The CoC approved criteria for submission of Expression of Interest (EoI), and despite multiple attempts, no viable resolution plan was received. Consequently, the CoC resolved to initiate liquidation of the Corporate Debtor. The suspended directors
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Chamber Constructions Private Limited after a company petition was admitted on July 16, 2019. Rajender Kumar Girdhar was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). Due to the unavailability of requisite data, the transaction audit and determination of fair value and liquidation value of the assets of the Corporate Debtor could not be concluded. The Committee of Creditors (CoC) made multiple attempts to invite resolution plans, but none were received. The CoC then resolved to initiate liquidation of the Corporate Debtor. The suspended directors of the Corporate Debtor, Gokul Anilkumar Aggarwal and Anubhav Anilkumar Aggarwal, filed
…Sign in to view the parties.
The Company Petition against the Corporate…
The Applicant was confirmed as the Resolution…
The case involves multiple Interlocutory Applications (IAs) filed in connection with the Corporate Insolvency Resolution Process (CIRP) of Chamber Constructions Private Limited. The CIRP was initiated following the admission of a company petition against the Corporate Debtor. The Resolution Professional (RP) was appointed and subsequently confirmed by the Committee of Creditors (CoC). Due to unavailability of requisite data, the transaction audit and determination of fair value and liquidation value could not be concluded. The CoC approved criteria for submission of Expression of Interest (EoI), and despite multiple attempts, no viable resolution plan was received. Consequently, the CoC resolved to initiate liquidation of the Corporate Debtor. The suspended directors
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Chamber Constructions Private Limited after a company petition was admitted on July 16, 2019. Rajender Kumar Girdhar was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). Due to the unavailability of requisite data, the transaction audit and determination of fair value and liquidation value of the assets of the Corporate Debtor could not be concluded. The Committee of Creditors (CoC) made multiple attempts to invite resolution plans, but none were received. The CoC then resolved to initiate liquidation of the Corporate Debtor. The suspended directors of the Corporate Debtor, Gokul Anilkumar Aggarwal and Anubhav Anilkumar Aggarwal, filed
…The Company Petition against the Corporate…
The Applicant was confirmed as the Resolution…