The case pertains to an application filed by the Resolution Professional (RP) of Kambala Hospitality Private Limited, seeking liquidation of the Corporate Debtor under Section 33(3) of the Insolvency and Bankruptcy Code, 2016. The Committee of Creditors (CoC), consisting of the financial creditor, resolved to liquidate the Corporate Debtor due to the lack of identifiable assets and the failure of the suspended director to provide complete information. The CoC unanimously approved the liquidation in their commercial wisdom.
The Resolution Professional (RP) of Kambala Hospitality Private Limited filed an application seeking liquidation under Section 33(3) of the Insolvency and Bankruptcy Code, 2016. The Committee of Creditors (CoC), consisting of the financial creditor Raghuleela Estates Private Limited, resolved to liquidate the Corporate Debtor. The RP was appointed in the first CoC meeting on 2022-10-13. The CoC decided to liquidate the Corporate Debtor due to the lack of identifiable assets and the failure of the suspended director to provide complete information. The CoC unanimously approved the liquidation in their commercial wisdom. The CoC also resolved to appoint Rajeev Mannadiar as the liquidator. The CoC ratified the expenses incurred by the RP and approved the plan for meeting
…Sign in to view the parties.
The Applicant was appointed as the Resolution…
The CoC meeting was held through video…
The case pertains to an application filed by the Resolution Professional (RP) of Kambala Hospitality Private Limited, seeking liquidation of the Corporate Debtor under Section 33(3) of the Insolvency and Bankruptcy Code, 2016. The Committee of Creditors (CoC), consisting of the financial creditor, resolved to liquidate the Corporate Debtor due to the lack of identifiable assets and the failure of the suspended director to provide complete information. The CoC unanimously approved the liquidation in their commercial wisdom.
The Resolution Professional (RP) of Kambala Hospitality Private Limited filed an application seeking liquidation under Section 33(3) of the Insolvency and Bankruptcy Code, 2016. The Committee of Creditors (CoC), consisting of the financial creditor Raghuleela Estates Private Limited, resolved to liquidate the Corporate Debtor. The RP was appointed in the first CoC meeting on 2022-10-13. The CoC decided to liquidate the Corporate Debtor due to the lack of identifiable assets and the failure of the suspended director to provide complete information. The CoC unanimously approved the liquidation in their commercial wisdom. The CoC also resolved to appoint Rajeev Mannadiar as the liquidator. The CoC ratified the expenses incurred by the RP and approved the plan for meeting
…The Applicant was appointed as the Resolution…
The CoC meeting was held through video…