The case involves an application for the liquidation of Ganpati Hightech Communication Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated on August 3, 2023, following a petition by State Bank of India. An Interim Resolution Professional (IRP), Mr. Aditya Kumar Tibrewal, was appointed. Public announcements were made, and a Committee of Creditors (CoC) was formed, consisting of State Bank of India.
On August 3, 2023, the Adjudicating Authority initiated the Corporate Insolvency Resolution Process (CIRP) for Ganpati Hightech Communication Private Limited following a petition by State Bank of India. Mr. Aditya Kumar Tibrewal was appointed as the Interim Resolution Professional (IRP). A Committee of Creditors (CoC) was formed, with State Bank of India as a member. The IRP made efforts to obtain books of accounts and financial statements from the Corporate Debtor's directors, but these efforts were unsuccessful. An invitation of interest was published, but no expressions of interest were received. The CoC then resolved to liquidate the Corporate Debtor with 100% votes and proposed Mr. Bishwanath Choudhary as the liquidator. The CoC's decision was based on the lack of
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The Adjudicating Authority directed the…
In the 1st CoC meeting, Mr. Aditya Kumar…
The case involves an application for the liquidation of Ganpati Hightech Communication Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated on August 3, 2023, following a petition by State Bank of India. An Interim Resolution Professional (IRP), Mr. Aditya Kumar Tibrewal, was appointed. Public announcements were made, and a Committee of Creditors (CoC) was formed, consisting of State Bank of India.
On August 3, 2023, the Adjudicating Authority initiated the Corporate Insolvency Resolution Process (CIRP) for Ganpati Hightech Communication Private Limited following a petition by State Bank of India. Mr. Aditya Kumar Tibrewal was appointed as the Interim Resolution Professional (IRP). A Committee of Creditors (CoC) was formed, with State Bank of India as a member. The IRP made efforts to obtain books of accounts and financial statements from the Corporate Debtor's directors, but these efforts were unsuccessful. An invitation of interest was published, but no expressions of interest were received. The CoC then resolved to liquidate the Corporate Debtor with 100% votes and proposed Mr. Bishwanath Choudhary as the liquidator. The CoC's decision was based on the lack of
…The Adjudicating Authority directed the…
In the 1st CoC meeting, Mr. Aditya Kumar…