The application was filed by Amresh Shukla, the liquidator of M/s Girdharilal Sugar and Allied Industries Limited, under sections 33(1), 33(2), and 34(1) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of the corporate debtor. The CIRP was initiated following an application by an operational creditor under section 9, which was admitted on 2021-08-17. Ashish Kanodia was initially appointed as the Interim Resolution Professional (IRP) but was later replaced by Amresh Shukla as the Resolution Professional (RP).
An application was filed by Amresh Shukla, the liquidator of M/s Girdharilal Sugar and Allied Industries Limited, seeking liquidation of the corporate debtor under sections 33(1), 33(2), and 34(1) of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated based on an application filed by an operational creditor under section 9, which was admitted on 2021-08-17. Ashish Kanodia was initially appointed as the Interim Resolution Professional (IRP) and later replaced by Amresh Shukla as the Resolution Professional (RP). The CIRP period of 180 days expired on 2022-02-26, and an extended period of 90 days expired on 2022-05-27. During the CIRP, two resolution plans were received but rejected by the Committee of Creditors
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The application filed by the operational…
The initial 180-day…
The application was filed by Amresh Shukla, the liquidator of M/s Girdharilal Sugar and Allied Industries Limited, under sections 33(1), 33(2), and 34(1) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of the corporate debtor. The CIRP was initiated following an application by an operational creditor under section 9, which was admitted on 2021-08-17. Ashish Kanodia was initially appointed as the Interim Resolution Professional (IRP) but was later replaced by Amresh Shukla as the Resolution Professional (RP).
An application was filed by Amresh Shukla, the liquidator of M/s Girdharilal Sugar and Allied Industries Limited, seeking liquidation of the corporate debtor under sections 33(1), 33(2), and 34(1) of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated based on an application filed by an operational creditor under section 9, which was admitted on 2021-08-17. Ashish Kanodia was initially appointed as the Interim Resolution Professional (IRP) and later replaced by Amresh Shukla as the Resolution Professional (RP). The CIRP period of 180 days expired on 2022-02-26, and an extended period of 90 days expired on 2022-05-27. During the CIRP, two resolution plans were received but rejected by the Committee of Creditors
…The application filed by the operational…
The initial 180-day…