The case involves an application under Section 33(1) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of the corporate debtor, M/s Ekdant Buildtech Private Limited. An operational creditor had initially filed an application under Section 9 of the Code for initiating Corporate Insolvency Resolution Process (CIRP) against the corporate debtor. The Tribunal admitted the application on 04.11.2019, initiating CIRP. Mr. Satish Joshi was appointed as the Interim Resolution Professional (IRP). After the collection of claims, the Committee of Creditors (CoC) was constituted, and its first meeting was held on 06.12.2019. The applicant, Subhash Kumar Kundra, was confirmed as the Resolution Professional on 15.01.2020.
An operational creditor, P.S.T Trading and Components, initiated Corporate Insolvency Resolution Process (CIRP) against M/s Ekdant Buildtech Private Limited under Section 9 of the Insolvency and Bankruptcy Code (IBC). The application was admitted by the National Company Law Tribunal (NCLT) on 04.11.2019. Mr. Satish Joshi was appointed as the Interim Resolution Professional (IRP). Subhash Kumar Kundra was later appointed as the Resolution Professional (RP) on 15.01.2020. The 180-day CIRP period expired on 11.06.2020, considering the exclusion of the lockdown period. The Committee of Creditors (CoC) deferred all agendas regarding liquidation during the 5th meeting, and no resolution for liquidation was passed. The financial creditor corporation bank filed objections
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Application under Section 9 of the Code admitted…
First meeting of the…
The case involves an application under Section 33(1) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of the corporate debtor, M/s Ekdant Buildtech Private Limited. An operational creditor had initially filed an application under Section 9 of the Code for initiating Corporate Insolvency Resolution Process (CIRP) against the corporate debtor. The Tribunal admitted the application on 04.11.2019, initiating CIRP. Mr. Satish Joshi was appointed as the Interim Resolution Professional (IRP). After the collection of claims, the Committee of Creditors (CoC) was constituted, and its first meeting was held on 06.12.2019. The applicant, Subhash Kumar Kundra, was confirmed as the Resolution Professional on 15.01.2020.
An operational creditor, P.S.T Trading and Components, initiated Corporate Insolvency Resolution Process (CIRP) against M/s Ekdant Buildtech Private Limited under Section 9 of the Insolvency and Bankruptcy Code (IBC). The application was admitted by the National Company Law Tribunal (NCLT) on 04.11.2019. Mr. Satish Joshi was appointed as the Interim Resolution Professional (IRP). Subhash Kumar Kundra was later appointed as the Resolution Professional (RP) on 15.01.2020. The 180-day CIRP period expired on 11.06.2020, considering the exclusion of the lockdown period. The Committee of Creditors (CoC) deferred all agendas regarding liquidation during the 5th meeting, and no resolution for liquidation was passed. The financial creditor corporation bank filed objections
…Application under Section 9 of the Code admitted…
First meeting of the…