The Resolution Professional (RP) of the Corporate Debtor filed an application (IA No.17/2023) seeking directions for initiating liquidation proceedings of the Corporate Debtor under Section 33(2) of the Insolvency and Bankruptcy Code, 2016. The RP also sought appointment as the Liquidator and approval of the Liquidator's fee. The case originated from an application filed under Section 7 of the IBC by the Financial Creditor, which was admitted on 18.04.2022. An Interim Resolution Professional (IRP) was appointed to conduct the Corporate Insolvency Resolution Process (CIRP). Public announcement and invitation of claims were made. A Committee of Creditors (CoC) was constituted, and several meetings were held to evaluate resolution plans.
The Resolution Professional (RP) filed an application (IA No.17/2023) seeking liquidation of JML Marketings Pvt. Ltd., the Corporate Debtor. An application under Section 7 of the IBC was filed by the Financial Creditor, American Express Banking Corp., and was admitted on 18.04.2022. An Interim Resolution Professional (IRP) was appointed. The IRP received claims and a Committee of Creditors (CoC) was formed. The CoC held meetings to evaluate resolution plans. In the 4th CoC meeting on 08.08.2022, the RP informed the CoC that no EOIs were received. The deadline for EOI submission was extended to 24.08.2022. Five PRAs submitted EOIs, and two were published. The RP shared a Virtual Data Room (VDR) on 08.09.2022. The CoC extended the timeline for submission of Resolution
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Application filed U/s 7…
Public announcement of…
The Resolution Professional (RP) of the Corporate Debtor filed an application (IA No.17/2023) seeking directions for initiating liquidation proceedings of the Corporate Debtor under Section 33(2) of the Insolvency and Bankruptcy Code, 2016. The RP also sought appointment as the Liquidator and approval of the Liquidator's fee. The case originated from an application filed under Section 7 of the IBC by the Financial Creditor, which was admitted on 18.04.2022. An Interim Resolution Professional (IRP) was appointed to conduct the Corporate Insolvency Resolution Process (CIRP). Public announcement and invitation of claims were made. A Committee of Creditors (CoC) was constituted, and several meetings were held to evaluate resolution plans.
The Resolution Professional (RP) filed an application (IA No.17/2023) seeking liquidation of JML Marketings Pvt. Ltd., the Corporate Debtor. An application under Section 7 of the IBC was filed by the Financial Creditor, American Express Banking Corp., and was admitted on 18.04.2022. An Interim Resolution Professional (IRP) was appointed. The IRP received claims and a Committee of Creditors (CoC) was formed. The CoC held meetings to evaluate resolution plans. In the 4th CoC meeting on 08.08.2022, the RP informed the CoC that no EOIs were received. The deadline for EOI submission was extended to 24.08.2022. Five PRAs submitted EOIs, and two were published. The RP shared a Virtual Data Room (VDR) on 08.09.2022. The CoC extended the timeline for submission of Resolution
…Application filed U/s 7…
Public announcement of…