The case pertains to an application under Section 33 of the Insolvency and Bankruptcy Code, 2016, filed by Mr. Gaurav Ashok Adukia, the Resolution Professional (RP) of Ezeego One Travel & Tours Limited, seeking orders for the liquidation of the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated following the admission of a Company Petition No. 3 of 2020 filed by the Financial Creditor under Section 7 of the Code. The applicant was appointed as the Interim Resolution Professional (IRP). Public announcement was made inviting claims from creditors. A Committee of Creditors (CoC) was constituted, comprising ten Financial Creditors, and nine meetings were held during the CIRP. The CoC approved the appointment of Mr. Gaurav Ashok Adukia as
…The case involves Ezeego One Travel & Tours Limited, a Corporate Debtor undergoing the Corporate Insolvency Resolution Process (CIRP). A Company Petition No. 3 of 2020 filed by the Financial Creditor under Section 7 of the Code was admitted by the Tribunal vide an Order dated 9th March 2021. Mr. Gaurav Ashok Adukia was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). The Committee of Creditors (CoC), consisting of ten Financial Creditors, held nine meetings. The CIRP period was extended due to the pandemic. Despite efforts, no resolution plan was received. Consequently, the CoC approved a resolution for liquidation with a 99.46% vote share. The RP then filed an application seeking liquidation orders. The key fact
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Company Petition No. 3 of 2020 filed by the…
Company Petition No. 3…
The case pertains to an application under Section 33 of the Insolvency and Bankruptcy Code, 2016, filed by Mr. Gaurav Ashok Adukia, the Resolution Professional (RP) of Ezeego One Travel & Tours Limited, seeking orders for the liquidation of the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated following the admission of a Company Petition No. 3 of 2020 filed by the Financial Creditor under Section 7 of the Code. The applicant was appointed as the Interim Resolution Professional (IRP). Public announcement was made inviting claims from creditors. A Committee of Creditors (CoC) was constituted, comprising ten Financial Creditors, and nine meetings were held during the CIRP. The CoC approved the appointment of Mr. Gaurav Ashok Adukia as
…The case involves Ezeego One Travel & Tours Limited, a Corporate Debtor undergoing the Corporate Insolvency Resolution Process (CIRP). A Company Petition No. 3 of 2020 filed by the Financial Creditor under Section 7 of the Code was admitted by the Tribunal vide an Order dated 9th March 2021. Mr. Gaurav Ashok Adukia was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). The Committee of Creditors (CoC), consisting of ten Financial Creditors, held nine meetings. The CIRP period was extended due to the pandemic. Despite efforts, no resolution plan was received. Consequently, the CoC approved a resolution for liquidation with a 99.46% vote share. The RP then filed an application seeking liquidation orders. The key fact
…Company Petition No. 3 of 2020 filed by the…
Company Petition No. 3…