The Corporate Insolvency Resolution Process (CIRP) was initiated against Devesh Engineering Enterprises Private Limited vide order dated 2021-02-19. An Interim Resolution Professional (IRP) was appointed. Due to the Corporate Debtor's lack of active interest in the market and the absence of a viable resolution plan, the Committee of Creditors resolved to liquidate the Corporate Debtor. An application for liquidation was filed and allowed on 2022-06-01, appointing Mr. K.J. Vinod as the Liquidator. The Liquidator then filed an application seeking dissolution of the Corporate Debtor and discharge from his duties.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Devesh Engineering Enterprises Private Limited on 2021-02-19. Sri CS.B.Bhasker was appointed as the Interim Resolution Professional (IRP). The Committee of Creditors (CoC) resolved to liquidate the Corporate Debtor on 2021-12-13 due to the absence of a resolution plan. An application for liquidation was filed and allowed on 2022-06-01, appointing Mr. K.J.Vinod as the Liquidator. The Liquidator made a public announcement on 2022-06-14 and verified stakeholder claims. The Liquidator prepared reports and submitted them to the Tribunal by 2022-08-09. The company had no immovable/movable assets (excluding some receivables) as they were sold well before the commencement of the CIRP Process. The
…Sign in to view the parties.
Corporate Insolvency Resolution Process…
Committee of Creditors…
Sign in to view related legal provisions.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Devesh Engineering Enterprises Private Limited vide order dated 2021-02-19. An Interim Resolution Professional (IRP) was appointed. Due to the Corporate Debtor's lack of active interest in the market and the absence of a viable resolution plan, the Committee of Creditors resolved to liquidate the Corporate Debtor. An application for liquidation was filed and allowed on 2022-06-01, appointing Mr. K.J. Vinod as the Liquidator. The Liquidator then filed an application seeking dissolution of the Corporate Debtor and discharge from his duties.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Devesh Engineering Enterprises Private Limited on 2021-02-19. Sri CS.B.Bhasker was appointed as the Interim Resolution Professional (IRP). The Committee of Creditors (CoC) resolved to liquidate the Corporate Debtor on 2021-12-13 due to the absence of a resolution plan. An application for liquidation was filed and allowed on 2022-06-01, appointing Mr. K.J.Vinod as the Liquidator. The Liquidator made a public announcement on 2022-06-14 and verified stakeholder claims. The Liquidator prepared reports and submitted them to the Tribunal by 2022-08-09. The company had no immovable/movable assets (excluding some receivables) as they were sold well before the commencement of the CIRP Process. The
…Corporate Insolvency Resolution Process…
Committee of Creditors…
Sign in to view related legal provisions.