The case pertains to an application filed under Section 54(1) of the Insolvency & Bankruptcy Code (IBC), 2016, read with Regulation 45 of the Insolvency & Bankruptcy Board of India (Liquidation Process) Regulations, 2016, for the dissolution of M/s Hindustan Ispat Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor following the admission of a Company Petition filed under Section 7 of the IBC by a Financial Creditor. Subsequently, the Committee of Creditors (COC) resolved to liquidate the company, and a liquidator, Mrs. Mummaneni Vazra Laxmi, was appointed. The liquidator took steps to notify the public about the liquidation proceedings and invited claims from stakeholders. The liquidator filed reports
…The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s Hindustan Ispat Private Limited after the admission of a petition filed by Bollina Uma Devi, a Financial Creditor, under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. Shri M. Madhusudhan Rao Gonugunta was appointed as the Interim Resolution Professional (IRP). The Committee of Creditors (COC) resolved to liquidate the company in its meeting held on 28.04.2021. Subsequently, Mrs. Mummaneni Vazra Laxmi was appointed as the Liquidator. The Liquidator published notices in newspapers intimating the public about the liquidation proceedings. The Liquidator verified and collated the claims and filed a list of stakeholders. The Liquidator also filed preliminary and progress reports. The
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The Tribunal admitted the Company Petition CP…
The Committee of Creditors (COC) in its 2nd…
The case pertains to an application filed under Section 54(1) of the Insolvency & Bankruptcy Code (IBC), 2016, read with Regulation 45 of the Insolvency & Bankruptcy Board of India (Liquidation Process) Regulations, 2016, for the dissolution of M/s Hindustan Ispat Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor following the admission of a Company Petition filed under Section 7 of the IBC by a Financial Creditor. Subsequently, the Committee of Creditors (COC) resolved to liquidate the company, and a liquidator, Mrs. Mummaneni Vazra Laxmi, was appointed. The liquidator took steps to notify the public about the liquidation proceedings and invited claims from stakeholders. The liquidator filed reports
…The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s Hindustan Ispat Private Limited after the admission of a petition filed by Bollina Uma Devi, a Financial Creditor, under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. Shri M. Madhusudhan Rao Gonugunta was appointed as the Interim Resolution Professional (IRP). The Committee of Creditors (COC) resolved to liquidate the company in its meeting held on 28.04.2021. Subsequently, Mrs. Mummaneni Vazra Laxmi was appointed as the Liquidator. The Liquidator published notices in newspapers intimating the public about the liquidation proceedings. The Liquidator verified and collated the claims and filed a list of stakeholders. The Liquidator also filed preliminary and progress reports. The
…The Tribunal admitted the Company Petition CP…
The Committee of Creditors (COC) in its 2nd…