The case involves an application (IA/1457/CHE/2022) filed in IBA/587/2020 under Section 33(1) of the Insolvency and Bankruptcy Code, 2016, concerning Kikani International Private Limited. The application seeks orders to liquidate the Corporate Debtor. The CIRP was initiated based on an application filed under Section 9 of the IBC, 2016, by an Operational Creditor, M/s. KRT Mills Pvt Limited. An Interim Resolution Professional (IRP), Mr. Arpit Kothari, was initially appointed. Subsequently, Mr. S. Kangayan was appointed as the Resolution Professional (RP) upon the request of the Committee of Creditors (CoC). However, no resolution plan was approved by the CoC within the stipulated timeframe, leading to the current application for liquidation.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Kikani International Private Limited based on an application filed by M/s. KRT Mills Pvt Limited under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. Mr. Arpit Kothari was initially appointed as the Interim Resolution Professional (IRP). Subsequently, Mr. S. Kangayan was appointed as the Resolution Professional (RP) at the request of the Committee of Creditors (CoC). The RP filed an application (IA/999/2022), which was dismissed by the Tribunal on 31.10.2022. The 180-day CIRP period concluded on 08.07.2022 without any resolution plan being placed before the CoC for approval. The RP filed Form-H, indicating the failure of the resolution process. The Authorization for Assignment (AFA)
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Application in IBA/587/2020 filed under…
Tribunal admit…
The case involves an application (IA/1457/CHE/2022) filed in IBA/587/2020 under Section 33(1) of the Insolvency and Bankruptcy Code, 2016, concerning Kikani International Private Limited. The application seeks orders to liquidate the Corporate Debtor. The CIRP was initiated based on an application filed under Section 9 of the IBC, 2016, by an Operational Creditor, M/s. KRT Mills Pvt Limited. An Interim Resolution Professional (IRP), Mr. Arpit Kothari, was initially appointed. Subsequently, Mr. S. Kangayan was appointed as the Resolution Professional (RP) upon the request of the Committee of Creditors (CoC). However, no resolution plan was approved by the CoC within the stipulated timeframe, leading to the current application for liquidation.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Kikani International Private Limited based on an application filed by M/s. KRT Mills Pvt Limited under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. Mr. Arpit Kothari was initially appointed as the Interim Resolution Professional (IRP). Subsequently, Mr. S. Kangayan was appointed as the Resolution Professional (RP) at the request of the Committee of Creditors (CoC). The RP filed an application (IA/999/2022), which was dismissed by the Tribunal on 31.10.2022. The 180-day CIRP period concluded on 08.07.2022 without any resolution plan being placed before the CoC for approval. The RP filed Form-H, indicating the failure of the resolution process. The Authorization for Assignment (AFA)
…Application in IBA/587/2020 filed under…
Tribunal admit…