The case involves an application filed under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, by Mr. Sekar Ananthanarayan, the Resolution Professional (RP) of E-Global Trading Limited, seeking a liquidation order. The application is based on a resolution passed by the Committee of Creditors (CoC) during its 6th meeting held on August 2, 2022. The Corporate Insolvency Resolution Process (CIRP) was initiated, and the applicant was appointed as the Interim Resolution Professional (IRP). Public announcement was made, and claims were invited from creditors. However, due to the lockdown and the inability to contact the suspended director of the Corporate Debtor, there was no progress in the CIRP. The CoC approved the proposal to liquidate the Corporate Debtor.
The Resolution Professional (RP) of E-Global Trading Limited filed an application seeking a liquidation order under Section 33(2) of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated in CP No. (IB)-1434 (MB)/2017, and the applicant was appointed as the Interim Resolution Professional (IRP). A public announcement was made, and Daimler Financial Services Pvt. Ltd. filed a claim of Rs. 1,98,49,226/-. The suspended director of the Corporate Debtor, Mr. Siddharth Mandavia, stated that the company was not carrying out any operations. The RP sent emails to the Corporate Debtor requesting financial information, but due to a lack of availability of documents and information, the RP was unable to proceed with the
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CP No. (IB)-1434…
CP No. (IB)-1434…
The case involves an application filed under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, by Mr. Sekar Ananthanarayan, the Resolution Professional (RP) of E-Global Trading Limited, seeking a liquidation order. The application is based on a resolution passed by the Committee of Creditors (CoC) during its 6th meeting held on August 2, 2022. The Corporate Insolvency Resolution Process (CIRP) was initiated, and the applicant was appointed as the Interim Resolution Professional (IRP). Public announcement was made, and claims were invited from creditors. However, due to the lockdown and the inability to contact the suspended director of the Corporate Debtor, there was no progress in the CIRP. The CoC approved the proposal to liquidate the Corporate Debtor.
The Resolution Professional (RP) of E-Global Trading Limited filed an application seeking a liquidation order under Section 33(2) of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated in CP No. (IB)-1434 (MB)/2017, and the applicant was appointed as the Interim Resolution Professional (IRP). A public announcement was made, and Daimler Financial Services Pvt. Ltd. filed a claim of Rs. 1,98,49,226/-. The suspended director of the Corporate Debtor, Mr. Siddharth Mandavia, stated that the company was not carrying out any operations. The RP sent emails to the Corporate Debtor requesting financial information, but due to a lack of availability of documents and information, the RP was unable to proceed with the
…CP No. (IB)-1434…
CP No. (IB)-1434…