The application was filed under Section 33 and Section 34(1) of the Insolvency and Bankruptcy Code, 2016 for the liquidation of the corporate debtor, Growmore Wealth Private Limited. The corporate debtor was admitted into Corporate Insolvency Resolution Process (CIRP) on June 21, 2022, based on an application by the financial creditor M/s. Rajhans Infrabuild LLP. The Committee of Creditors (CoC) resolved to liquidate the corporate debtor as a going concern due to the absence of any viable revival proposals.
The application was filed under Section 33 and Section 34(1) of the Insolvency and Bankruptcy Code, 2016, seeking the liquidation of the corporate debtor, Growmore Wealth Private Limited. The corporate debtor had previously been admitted into the Corporate Insolvency Resolution Process (CIRP) on June 21, 2022, following an application by the financial creditor, M/s. Rajhans Infrabuild LLP. Shivkumar Madanlal Baser was initially appointed as the Interim Resolution Professional (IRP) and subsequently as the Resolution Professional (RP). The IRP issued a public announcement in Form-A on July 1, 2022, inviting claims from creditors. The Committee of Creditors (CoC) was constituted with Rajhans Infrabuild LLP holding a 100% voting share. Various CoC meetings were held, and
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Corporate Debtor admitted into Corporate…
Interim Resolution Professional (IRP) issued…
The application was filed under Section 33 and Section 34(1) of the Insolvency and Bankruptcy Code, 2016 for the liquidation of the corporate debtor, Growmore Wealth Private Limited. The corporate debtor was admitted into Corporate Insolvency Resolution Process (CIRP) on June 21, 2022, based on an application by the financial creditor M/s. Rajhans Infrabuild LLP. The Committee of Creditors (CoC) resolved to liquidate the corporate debtor as a going concern due to the absence of any viable revival proposals.
The application was filed under Section 33 and Section 34(1) of the Insolvency and Bankruptcy Code, 2016, seeking the liquidation of the corporate debtor, Growmore Wealth Private Limited. The corporate debtor had previously been admitted into the Corporate Insolvency Resolution Process (CIRP) on June 21, 2022, following an application by the financial creditor, M/s. Rajhans Infrabuild LLP. Shivkumar Madanlal Baser was initially appointed as the Interim Resolution Professional (IRP) and subsequently as the Resolution Professional (RP). The IRP issued a public announcement in Form-A on July 1, 2022, inviting claims from creditors. The Committee of Creditors (CoC) was constituted with Rajhans Infrabuild LLP holding a 100% voting share. Various CoC meetings were held, and
…Corporate Debtor admitted into Corporate…
Interim Resolution Professional (IRP) issued…