The case involves an application (I.A. No. 4199/2023) filed by the Resolution Professional, Mr. Jigar Shah, seeking liquidation of the Corporate Debtor, Euro Multivision Limited, under Section 33(2) of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated on November 10, 2022. Mr. Jigar Shah was appointed as the Resolution Professional on December 22, 2022. The IRP published a public announcement of the CIRP initiation in two newspapers on November 13, 2022. A Committee of Creditors (CoC) was constituted on November 30, 2022. Ten CoC meetings were held between December 6, 2022, and August 8, 2023. The applicant appointed two sets of valuers for each class of assets. The CoC proposed to appoint a third registered
…The State Bank of India initiated Corporate Insolvency Resolution Process (CIRP) against Euro Multivision Limited. The CIRP was initiated on November 10, 2022. Jigar Shah was appointed as the Resolution Professional (RP) on December 22, 2022. Public announcement of CIRP was made on November 13, 2022. The Committee of Creditors (CoC) was constituted on November 30, 2022. Ten CoC meetings were held between December 6, 2022, and August 8, 2023. The RP appointed two sets of valuers for each class of assets. The Tribunal granted exclusion and extension of time for CIRP from May 10, 2023, to September 4, 2023. The RP published the Expression of Interest (EOI) on January 17, 2023. Waree Energies Limited submitted a resolution plan, but it was non-compliant with IBC Code and
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Corporate Insolvency…
Public announcement of…
The case involves an application (I.A. No. 4199/2023) filed by the Resolution Professional, Mr. Jigar Shah, seeking liquidation of the Corporate Debtor, Euro Multivision Limited, under Section 33(2) of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated on November 10, 2022. Mr. Jigar Shah was appointed as the Resolution Professional on December 22, 2022. The IRP published a public announcement of the CIRP initiation in two newspapers on November 13, 2022. A Committee of Creditors (CoC) was constituted on November 30, 2022. Ten CoC meetings were held between December 6, 2022, and August 8, 2023. The applicant appointed two sets of valuers for each class of assets. The CoC proposed to appoint a third registered
…The State Bank of India initiated Corporate Insolvency Resolution Process (CIRP) against Euro Multivision Limited. The CIRP was initiated on November 10, 2022. Jigar Shah was appointed as the Resolution Professional (RP) on December 22, 2022. Public announcement of CIRP was made on November 13, 2022. The Committee of Creditors (CoC) was constituted on November 30, 2022. Ten CoC meetings were held between December 6, 2022, and August 8, 2023. The RP appointed two sets of valuers for each class of assets. The Tribunal granted exclusion and extension of time for CIRP from May 10, 2023, to September 4, 2023. The RP published the Expression of Interest (EOI) on January 17, 2023. Waree Energies Limited submitted a resolution plan, but it was non-compliant with IBC Code and
…Corporate Insolvency…
Public announcement of…