The case involves an application filed by the Resolution Professional, Mr. Dhiren S Shah, seeking liquidation of Global Gallarie Agencies Pvt. Ltd. (Corporate Debtor) under Section 33(2) of the Insolvency and Bankruptcy Code, 2016. The CIRP was initiated on December 5, 2017. Despite efforts, no resolution applicant was identified, leading the Committee of Creditors (COC) to resolve for liquidation in their 8th meeting on August 3, 2018, with a 69.67% majority vote.
On December 5, 2017, an order was passed to initiate the Corporate Insolvency Resolution Process (CIRP) for Global Gallarie Agencies Pvt. Ltd. The bench appointed Mr. Dhiren Shantilal Shah as the Interim Resolution Professional (IRP). A public announcement was made on December 15, 2017, regarding the commencement of CIRP. The Committee of Creditors (COC) was constituted, and its first meeting was convened on January 11, 2018. The IRP was appointed as the Resolution Professional (RP) in the first COC meeting. Despite the publication of an Expression of Interest (EOI) on June 25, 2018, no resolution applicant was identified. In the 8th COC meeting held on August 3, 2018, it was resolved that the Corporate Debtor must be liquidated, with 69.67% of the vote in affirmative.
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An order was passed for the initiation of…
A public announcement…
The case involves an application filed by the Resolution Professional, Mr. Dhiren S Shah, seeking liquidation of Global Gallarie Agencies Pvt. Ltd. (Corporate Debtor) under Section 33(2) of the Insolvency and Bankruptcy Code, 2016. The CIRP was initiated on December 5, 2017. Despite efforts, no resolution applicant was identified, leading the Committee of Creditors (COC) to resolve for liquidation in their 8th meeting on August 3, 2018, with a 69.67% majority vote.
On December 5, 2017, an order was passed to initiate the Corporate Insolvency Resolution Process (CIRP) for Global Gallarie Agencies Pvt. Ltd. The bench appointed Mr. Dhiren Shantilal Shah as the Interim Resolution Professional (IRP). A public announcement was made on December 15, 2017, regarding the commencement of CIRP. The Committee of Creditors (COC) was constituted, and its first meeting was convened on January 11, 2018. The IRP was appointed as the Resolution Professional (RP) in the first COC meeting. Despite the publication of an Expression of Interest (EOI) on June 25, 2018, no resolution applicant was identified. In the 8th COC meeting held on August 3, 2018, it was resolved that the Corporate Debtor must be liquidated, with 69.67% of the vote in affirmative.
…An order was passed for the initiation of…
A public announcement…