The application was filed by the Resolution Professional seeking an order for the liquidation of the Corporate Debtor, EAP Infrastructure India Pvt. Ltd., as resolved by the Committee of Creditors.
The Corporate Insolvency Resolution Process ( CIRP ) for EAP Infrastructure India Pvt. Ltd. was initiated by an order dated September 2, 2021, in IBA/1064/2019. Subsequently, the applicant, Mr. Chandrasekhar Sagutoor, was appointed as the Interim Resolution Professional (IRP) in place of the previous IRP via an order dated April 5, 2022, in IA's/262 & 263 of 2022. He then filed the present application under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking the liquidation of the Corporate Debtor. The Committee of Creditors (CoC) for EAP Infrastructure India Pvt. Ltd. comprised two financial creditors: Indian Overseas Bank, holding 76.88% of the share in CoC, and Karur Vysya Bank Ltd, holding 23.12%. The 4th CoC meeting was held on May 23, 2022,
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Corporate Insolvency…
Applicant replaced the Interim Resolution…
The application was filed by the Resolution Professional seeking an order for the liquidation of the Corporate Debtor, EAP Infrastructure India Pvt. Ltd., as resolved by the Committee of Creditors.
The Corporate Insolvency Resolution Process ( CIRP ) for EAP Infrastructure India Pvt. Ltd. was initiated by an order dated September 2, 2021, in IBA/1064/2019. Subsequently, the applicant, Mr. Chandrasekhar Sagutoor, was appointed as the Interim Resolution Professional (IRP) in place of the previous IRP via an order dated April 5, 2022, in IA's/262 & 263 of 2022. He then filed the present application under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking the liquidation of the Corporate Debtor. The Committee of Creditors (CoC) for EAP Infrastructure India Pvt. Ltd. comprised two financial creditors: Indian Overseas Bank, holding 76.88% of the share in CoC, and Karur Vysya Bank Ltd, holding 23.12%. The 4th CoC meeting was held on May 23, 2022,
…Corporate Insolvency…
Applicant replaced the Interim Resolution…