The case pertains to an application filed by Mr. Rajubhai Patel, the Resolution Professional (RP) of Cooltech Containers Private Limited, under Section 33 of the Insolvency and Bankruptcy Code (IBC), 2016, for the liquidation of the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated following an application by Salem Stainless Steel Suppliers Pvt Ltd, an operational creditor, under Section 9 of the IBC. Initially, Mr. Kedar Ramratan Laddha was appointed as the Interim Resolution Professional (IRP), later replaced by Mr. Rajubhai Patel. The RP submitted that a public announcement was made as per regulations. The Committee of Creditors (CoC) was formed, comprising operational creditors. The IRP intimated the suspended directors about the
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Cooltech Containers Private Limited based on an application by Salem Stainless Steel Suppliers Pvt Ltd, an operational creditor, under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. Mr. Kedar Ramratan Laddha was initially appointed as the Interim Resolution Professional (IRP) and later replaced by Mr. Rajubhai Patel. A public announcement was made regarding the CIRP. The Committee of Creditors (CoC) was formed, consisting of operational creditors. The IRP informed the suspended directors of the Corporate Debtor about the CIRP initiation and requested the handover of the charge. The IRP also filed an application under Section 19 of the IBC due to non-cooperation. The CoC meetings were
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The Adjudicating Authority admitted the…
The Applicant submitted that the Public…
The case pertains to an application filed by Mr. Rajubhai Patel, the Resolution Professional (RP) of Cooltech Containers Private Limited, under Section 33 of the Insolvency and Bankruptcy Code (IBC), 2016, for the liquidation of the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated following an application by Salem Stainless Steel Suppliers Pvt Ltd, an operational creditor, under Section 9 of the IBC. Initially, Mr. Kedar Ramratan Laddha was appointed as the Interim Resolution Professional (IRP), later replaced by Mr. Rajubhai Patel. The RP submitted that a public announcement was made as per regulations. The Committee of Creditors (CoC) was formed, comprising operational creditors. The IRP intimated the suspended directors about the
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Cooltech Containers Private Limited based on an application by Salem Stainless Steel Suppliers Pvt Ltd, an operational creditor, under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. Mr. Kedar Ramratan Laddha was initially appointed as the Interim Resolution Professional (IRP) and later replaced by Mr. Rajubhai Patel. A public announcement was made regarding the CIRP. The Committee of Creditors (CoC) was formed, consisting of operational creditors. The IRP informed the suspended directors of the Corporate Debtor about the CIRP initiation and requested the handover of the charge. The IRP also filed an application under Section 19 of the IBC due to non-cooperation. The CoC meetings were
…The Adjudicating Authority admitted the…
The Applicant submitted that the Public…