The application I.A. No. 1298/2023 was filed by the Resolution Professional, Mr. Mahesh Sureka, seeking liquidation of Kharewali Steel Private Limited (the Corporate Debtor). The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor after Union Bank of India, the Financial Creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, which was admitted on 2022-12-13. The Resolution Professional was appointed as the Interim Resolution Professional of the Corporate Debtor by the Tribunal.
The Resolution Professional, Mr. Mahesh Sureka, filed an application seeking liquidation of Kharewali Steel Private Limited. The CIRP was initiated following a Section 7 petition by Union Bank of India, the Financial Creditor, which was admitted on 2022-12-13. The Resolution Professional was appointed as the Interim Resolution Professional. After the publication of Form-A, only one claim was received from Union Bank of India. The Resolution Professional visited the Corporate Debtor's registered office, which had already been sold, and the site at Palghar District, where no plant and machinery were available. The Resolution Professional requested cooperation from the Suspended Board Members but received no information. The CoC, consisting solely of Union Bank of India,
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C.P.(IB) No. 3093/MB/201…
Registered Office of…
The application I.A. No. 1298/2023 was filed by the Resolution Professional, Mr. Mahesh Sureka, seeking liquidation of Kharewali Steel Private Limited (the Corporate Debtor). The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor after Union Bank of India, the Financial Creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, which was admitted on 2022-12-13. The Resolution Professional was appointed as the Interim Resolution Professional of the Corporate Debtor by the Tribunal.
The Resolution Professional, Mr. Mahesh Sureka, filed an application seeking liquidation of Kharewali Steel Private Limited. The CIRP was initiated following a Section 7 petition by Union Bank of India, the Financial Creditor, which was admitted on 2022-12-13. The Resolution Professional was appointed as the Interim Resolution Professional. After the publication of Form-A, only one claim was received from Union Bank of India. The Resolution Professional visited the Corporate Debtor's registered office, which had already been sold, and the site at Palghar District, where no plant and machinery were available. The Resolution Professional requested cooperation from the Suspended Board Members but received no information. The CoC, consisting solely of Union Bank of India,
…C.P.(IB) No. 3093/MB/201…
Registered Office of…