The Adjudicating Authority initiated the Corporate Insolvency Resolution Process (CIRP) for East Mond Infra and Trade Private Limited on 05.01.2022, appointing Shri Nitin Daga as the Interim Resolution Professional (IRP). The Committee of Creditors (CoC) later appointed Mr. Sushanta Kumar Choudhury as the Resolution Professional (RP). After a failed attempt to find a resolution plan, the CoC decided to liquidate the Corporate Debtor. An application for liquidation was filed, and a liquidation order was passed on 29.09.2022. The liquidator then submitted reports to the Adjudicating Authority and conducted Stakeholder's Consultation Committee (SCC) meetings. The liquidator sought dissolution of the Corporate Debtor.
On 05.01.2022, the Adjudicating Authority initiated Corporate Insolvency Resolution Process (CIRP) for East Mond Infra and Trade Private Limited, appointing Shri Nitin Daga as IRP. The CoC appointed Mr. Sushanta Kumar Choudhury as the Resolution Professional (RP) on 02.02.2022. The RP's attempt to find a resolution plan failed. Consequently, the CoC decided to liquidate the Corporate Debtor, and a liquidation order was passed on 29.09.2022. The liquidator submitted reports to the Adjudicating Authority and conducted seven Stakeholder's Consultation Committee (SCC) meetings. The Corporate Debtor had only one class of assets: Securities and Financial Assets (SFA). Two IBBI Registered Valuers valued these assets during the CIRP period. The average liquidation value was
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The Adjudicating Authority initiated the…
The Committee of Creditors (COC) elected to…
The Adjudicating Authority initiated the Corporate Insolvency Resolution Process (CIRP) for East Mond Infra and Trade Private Limited on 05.01.2022, appointing Shri Nitin Daga as the Interim Resolution Professional (IRP). The Committee of Creditors (CoC) later appointed Mr. Sushanta Kumar Choudhury as the Resolution Professional (RP). After a failed attempt to find a resolution plan, the CoC decided to liquidate the Corporate Debtor. An application for liquidation was filed, and a liquidation order was passed on 29.09.2022. The liquidator then submitted reports to the Adjudicating Authority and conducted Stakeholder's Consultation Committee (SCC) meetings. The liquidator sought dissolution of the Corporate Debtor.
On 05.01.2022, the Adjudicating Authority initiated Corporate Insolvency Resolution Process (CIRP) for East Mond Infra and Trade Private Limited, appointing Shri Nitin Daga as IRP. The CoC appointed Mr. Sushanta Kumar Choudhury as the Resolution Professional (RP) on 02.02.2022. The RP's attempt to find a resolution plan failed. Consequently, the CoC decided to liquidate the Corporate Debtor, and a liquidation order was passed on 29.09.2022. The liquidator submitted reports to the Adjudicating Authority and conducted seven Stakeholder's Consultation Committee (SCC) meetings. The Corporate Debtor had only one class of assets: Securities and Financial Assets (SFA). Two IBBI Registered Valuers valued these assets during the CIRP period. The average liquidation value was
…The Adjudicating Authority initiated the…
The Committee of Creditors (COC) elected to…