The case pertains to an Interlocutory Application filed by the Resolution Professional of M/S Harishankar Paper Products Pvt. Ltd., the Corporate Debtor, under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, read with Regulation 3 of the IBBI (Liquidation Process) Regulations, 2016, seeking an order for liquidation of the Corporate Debtor and to appoint Mr. Umesh Chandra Sahoo as the Liquidator. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor on 2022-04-13. The applicant was appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional by the Committee of Creditors (CoC). The CoC, in its 3rd meeting on 2022-06-21, authorized the issuance of an invitation for 'Expression of
…The Corporate Insolvency Resolution Process (CIRP) was initiated against M/S Harishankar Paper Products Pvt. Ltd. on 2022-04-13. The Resolution Professional, initially appointed as the Interim Resolution Professional, issued invitations for 'Expression of Interest' on 2022-06-21, as per the resolution passed by the Committee of Creditors (CoC). Despite republishing the invitation with a shorter duration, no 'Expression of Interest' was received. Consequently, the CoC, in its 8th meeting on 2022-10-06, with a 99.26% majority, approved the liquidation of the Corporate Debtor. The CoC also resolved to appoint Mr. Umesh Chandra Sahoo as the Liquidator. The Resolution Professional then filed an Interlocutory Application seeking an order for liquidation of the Corporate
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Corporate Insolvency…
Applicant issued the invitation for 'Expression…
The case pertains to an Interlocutory Application filed by the Resolution Professional of M/S Harishankar Paper Products Pvt. Ltd., the Corporate Debtor, under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, read with Regulation 3 of the IBBI (Liquidation Process) Regulations, 2016, seeking an order for liquidation of the Corporate Debtor and to appoint Mr. Umesh Chandra Sahoo as the Liquidator. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor on 2022-04-13. The applicant was appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional by the Committee of Creditors (CoC). The CoC, in its 3rd meeting on 2022-06-21, authorized the issuance of an invitation for 'Expression of
…The Corporate Insolvency Resolution Process (CIRP) was initiated against M/S Harishankar Paper Products Pvt. Ltd. on 2022-04-13. The Resolution Professional, initially appointed as the Interim Resolution Professional, issued invitations for 'Expression of Interest' on 2022-06-21, as per the resolution passed by the Committee of Creditors (CoC). Despite republishing the invitation with a shorter duration, no 'Expression of Interest' was received. Consequently, the CoC, in its 8th meeting on 2022-10-06, with a 99.26% majority, approved the liquidation of the Corporate Debtor. The CoC also resolved to appoint Mr. Umesh Chandra Sahoo as the Liquidator. The Resolution Professional then filed an Interlocutory Application seeking an order for liquidation of the Corporate
…Corporate Insolvency…
Applicant issued the invitation for 'Expression…