The application was filed by Kamal Kishor Gurnani, the Resolution Professional, seeking liquidation of Gajanan Gangamai Industries LLP, the Corporate Debtor, under Section 33(1) of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor following the admission of a petition filed by Bank of India, the Financial Creditor, under Section 7 of the Code. The applicant was appointed as the Interim Resolution Professional (IRP).
Kamal Kishor Gurnani, the Resolution Professional, filed an application seeking the liquidation of Gajanan Gangamai Industries LLP (Corporate Debtor) under Section 33(1) of the Insolvency and Bankruptcy Code, 2016. The CIRP was initiated against the Corporate Debtor after Bank of India (Financial Creditor) filed a petition under Section 7 of the Code, which was admitted on 22.09.2021. Kamal Kishor Gurnani was appointed as the Interim Resolution Professional (IRP). Public announcements were made to invite claims from creditors. Several CoC meetings were held to discuss the resolution process. Despite extensions, no resolution plan was received. The CoC voted in favor of liquidation, and the RP informed the CoC that the CIRP period had expired. The CoC unanimously
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Company Petit…
Tribunal admitted the…
The application was filed by Kamal Kishor Gurnani, the Resolution Professional, seeking liquidation of Gajanan Gangamai Industries LLP, the Corporate Debtor, under Section 33(1) of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor following the admission of a petition filed by Bank of India, the Financial Creditor, under Section 7 of the Code. The applicant was appointed as the Interim Resolution Professional (IRP).
Kamal Kishor Gurnani, the Resolution Professional, filed an application seeking the liquidation of Gajanan Gangamai Industries LLP (Corporate Debtor) under Section 33(1) of the Insolvency and Bankruptcy Code, 2016. The CIRP was initiated against the Corporate Debtor after Bank of India (Financial Creditor) filed a petition under Section 7 of the Code, which was admitted on 22.09.2021. Kamal Kishor Gurnani was appointed as the Interim Resolution Professional (IRP). Public announcements were made to invite claims from creditors. Several CoC meetings were held to discuss the resolution process. Despite extensions, no resolution plan was received. The CoC voted in favor of liquidation, and the RP informed the CoC that the CIRP period had expired. The CoC unanimously
…Company Petit…
Tribunal admitted the…