The case involves an application under Section 33(1) of the Insolvency & Bankruptcy Code, 2016, seeking the initiation of the liquidation process for Gemus Engineering Pvt. Ltd., the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor on 2024-04-30, following a petition filed under Section 10 of the IBC. Mr. Arun Kumar Gupta was initially appointed as the Interim Resolution Professional (IRP), later replaced by Mr. Anil Anchalia as the Resolution Professional (RP). Despite attempts to find a resolution plan, no viable plans were received, leading the Committee of Creditors (CoC) to vote for liquidation.
Gemus Engineering Pvt. Ltd. is the Corporate Debtor. An application was filed under Section 33(1) of the Insolvency & Bankruptcy Code, 2016, seeking the initiation of the liquidation process. The CIRP was initiated on 2024-04-30 following a petition filed under Section 10 of the IBC. Arun Kumar Gupta was initially appointed as the IRP, later replaced by Anil Anchalia as the RP. The Committee of Creditors (CoC) appointed Mr. Anil Anchalia as Resolution Professional of the Corporate Debtor by replacing Mr.Arun Kumar Gupta. Mr.Arun Kumar Gupta, the erstwhile IRP, published Form G to invite Expression of Interest on 2024-06-29. Mr.Anil Anchalia, the RP, published a revised Form-G for the invitation of EOIs in the newspapers on 2024-08-13. On 2024-09-05, the RP filed an
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Corporate Insolvency Resolution Process (CIRP)…
Committee of Creditors appointed Mr. Anil…
The case involves an application under Section 33(1) of the Insolvency & Bankruptcy Code, 2016, seeking the initiation of the liquidation process for Gemus Engineering Pvt. Ltd., the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor on 2024-04-30, following a petition filed under Section 10 of the IBC. Mr. Arun Kumar Gupta was initially appointed as the Interim Resolution Professional (IRP), later replaced by Mr. Anil Anchalia as the Resolution Professional (RP). Despite attempts to find a resolution plan, no viable plans were received, leading the Committee of Creditors (CoC) to vote for liquidation.
Gemus Engineering Pvt. Ltd. is the Corporate Debtor. An application was filed under Section 33(1) of the Insolvency & Bankruptcy Code, 2016, seeking the initiation of the liquidation process. The CIRP was initiated on 2024-04-30 following a petition filed under Section 10 of the IBC. Arun Kumar Gupta was initially appointed as the IRP, later replaced by Anil Anchalia as the RP. The Committee of Creditors (CoC) appointed Mr. Anil Anchalia as Resolution Professional of the Corporate Debtor by replacing Mr.Arun Kumar Gupta. Mr.Arun Kumar Gupta, the erstwhile IRP, published Form G to invite Expression of Interest on 2024-06-29. Mr.Anil Anchalia, the RP, published a revised Form-G for the invitation of EOIs in the newspapers on 2024-08-13. On 2024-09-05, the RP filed an
…Corporate Insolvency Resolution Process (CIRP)…
Committee of Creditors appointed Mr. Anil…