The case pertains to an application filed by the Resolution Professional (RP) under Section 33(2) read with Section 34 of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of ECI Infra Towers Company Pvt Ltd, referred to as the 'Corporate Debtor'. Form G was issued to invite investors for resolution plans, but the sole EOI received was submitted beyond the due date. The Committee of Creditors (COC) then decided with 100% voting to liquidate the Corporate Debtor and directed the RP to file an application before the Adjudicating Authority.
Bank of India is the Financial Creditor. ECI Infra Towers Company Pvt Ltd is the Corporate Debtor. An application was filed by the Resolution Professional (RP) under Section 33(2) read with Section 34 of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor. Form G was issued to call for investors for submission of Resolution Plans. An EOI was received from a Prospective Resolution Applicant, but it was submitted beyond the due date of 24.02.2022. The RP conducted the 11th COC meeting, where the COC members, with 100% voting, decided to liquidate the Corporate Debtor. The COC approved the estimated liquidation expenses, including the liquidator's fees, with 100% voting. The RP gave her written consent dated 26.02.2022 to act as
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The case pertains to an application filed by the Resolution Professional (RP) under Section 33(2) read with Section 34 of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of ECI Infra Towers Company Pvt Ltd, referred to as the 'Corporate Debtor'. Form G was issued to invite investors for resolution plans, but the sole EOI received was submitted beyond the due date. The Committee of Creditors (COC) then decided with 100% voting to liquidate the Corporate Debtor and directed the RP to file an application before the Adjudicating Authority.
Bank of India is the Financial Creditor. ECI Infra Towers Company Pvt Ltd is the Corporate Debtor. An application was filed by the Resolution Professional (RP) under Section 33(2) read with Section 34 of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor. Form G was issued to call for investors for submission of Resolution Plans. An EOI was received from a Prospective Resolution Applicant, but it was submitted beyond the due date of 24.02.2022. The RP conducted the 11th COC meeting, where the COC members, with 100% voting, decided to liquidate the Corporate Debtor. The COC approved the estimated liquidation expenses, including the liquidator's fees, with 100% voting. The RP gave her written consent dated 26.02.2022 to act as
…The due date for…
The Resolution…