The case pertains to IA 123/2022 filed in CP(IB) No. 228/7/HDB/2020, concerning M/s Cosmos Forgings Limited. The Company Petition for initiation of Corporate Insolvency Resolution Process (CIRP) was filed by the Financial Creditor, M/s. Affluence Engineering and Enterprises Limited, under Section 7 of the IBC, 2016. The petition was admitted on 26.08.2021, and the Applicant was appointed as the Interim Resolution Professional. Subsequently, the Applicant was appointed as the Resolution Professional. During the second CoC meeting on 25.10.2021, a resolution was passed to issue Form G (Invitation for Expression of Interest), which was published in Indian Express and Nava Telangana Daily Newspaper on 27.10.2021. The third CoC meeting was held on 08.01.2022, where
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Cosmos Forging Ltd by Affluence Engineering and Enterprises Ltd under Section 7 of the IBC, 2016. The application was admitted on 2021-08-26. The applicant was appointed as the Interim Resolution Professional and later as the Resolution Professional. The CoC resolved to issue Form G (Invitation for Expression of Interest) which was published on 2021-10-27. The CoC decided to proceed with liquidation as the Corporate Debtor had no business prospects and no interested party came forward during the CIRP. The CoC consisted of one Financial Creditor and three Operational Creditors, and they unanimously agreed on liquidation. The RP confirmed that there was no possibility of a resolution plan. The
…Sign in to view the parties.
The application for initiation of Corporate…
The CoC resolved to…
The case pertains to IA 123/2022 filed in CP(IB) No. 228/7/HDB/2020, concerning M/s Cosmos Forgings Limited. The Company Petition for initiation of Corporate Insolvency Resolution Process (CIRP) was filed by the Financial Creditor, M/s. Affluence Engineering and Enterprises Limited, under Section 7 of the IBC, 2016. The petition was admitted on 26.08.2021, and the Applicant was appointed as the Interim Resolution Professional. Subsequently, the Applicant was appointed as the Resolution Professional. During the second CoC meeting on 25.10.2021, a resolution was passed to issue Form G (Invitation for Expression of Interest), which was published in Indian Express and Nava Telangana Daily Newspaper on 27.10.2021. The third CoC meeting was held on 08.01.2022, where
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Cosmos Forging Ltd by Affluence Engineering and Enterprises Ltd under Section 7 of the IBC, 2016. The application was admitted on 2021-08-26. The applicant was appointed as the Interim Resolution Professional and later as the Resolution Professional. The CoC resolved to issue Form G (Invitation for Expression of Interest) which was published on 2021-10-27. The CoC decided to proceed with liquidation as the Corporate Debtor had no business prospects and no interested party came forward during the CIRP. The CoC consisted of one Financial Creditor and three Operational Creditors, and they unanimously agreed on liquidation. The RP confirmed that there was no possibility of a resolution plan. The
…The application for initiation of Corporate…
The CoC resolved to…