The case involves an application filed by Mrs. Deepika Bhugra Prasad, the Resolution Professional of M/s. International Trenching Private Limited, seeking initiation of liquidation proceedings for the Corporate Debtor. This application was filed before the Adjudicating Authority under Section 33(1) of the Insolvency and Bankruptcy Code, 2016, based on the decision taken by the Committee of Creditors (CoC) in its 13th meeting held on 12.03.2021. Prior to this, Mr. Sonal Anand, an Operational Creditor, had initiated Corporate Insolvency Resolution Process (CIRP) against M/s. International Trenching Private Limited under Section 9 of the Code, which was admitted by the Adjudicating Authority on 08.08.2019. The CoC disapproved the resolution for the appointment of IRP to
…Mr. Sonal Anand, an Operational Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against M/s. International Trenching Private Limited ('Corporate Debtor') under Section 9 of the Insolvency and Bankruptcy Code (IBC). The Adjudicating Authority admitted the application on 08.08.2019. Mrs. Deepika Bhugra Prasad was appointed as the Resolution Professional (RP). The Committee of Creditors (CoC) disapproved the resolution for the appointment of IRP to RP with 100% votes. The IRP appointed M/s. Mahesh and Co. to conduct a forensic audit of the Corporate Debtor's accounts. The forensic Auditor submitted the Final Report on 31.05.2020. The IRP also appointed Registered Valuers to conduct the valuation of the assets of the Corporate Debtor. The CoC resolved to
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The Adjudicating Authority admitted the…
The IRP made a public…
The case involves an application filed by Mrs. Deepika Bhugra Prasad, the Resolution Professional of M/s. International Trenching Private Limited, seeking initiation of liquidation proceedings for the Corporate Debtor. This application was filed before the Adjudicating Authority under Section 33(1) of the Insolvency and Bankruptcy Code, 2016, based on the decision taken by the Committee of Creditors (CoC) in its 13th meeting held on 12.03.2021. Prior to this, Mr. Sonal Anand, an Operational Creditor, had initiated Corporate Insolvency Resolution Process (CIRP) against M/s. International Trenching Private Limited under Section 9 of the Code, which was admitted by the Adjudicating Authority on 08.08.2019. The CoC disapproved the resolution for the appointment of IRP to
…Mr. Sonal Anand, an Operational Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against M/s. International Trenching Private Limited ('Corporate Debtor') under Section 9 of the Insolvency and Bankruptcy Code (IBC). The Adjudicating Authority admitted the application on 08.08.2019. Mrs. Deepika Bhugra Prasad was appointed as the Resolution Professional (RP). The Committee of Creditors (CoC) disapproved the resolution for the appointment of IRP to RP with 100% votes. The IRP appointed M/s. Mahesh and Co. to conduct a forensic audit of the Corporate Debtor's accounts. The forensic Auditor submitted the Final Report on 31.05.2020. The IRP also appointed Registered Valuers to conduct the valuation of the assets of the Corporate Debtor. The CoC resolved to
…The Adjudicating Authority admitted the…
The IRP made a public…