The case pertains to an application filed by the Liquidator under Section 54(1) of the Insolvency and Bankruptcy Code, 2016, seeking dissolution of the Corporate Debtor, Kolla Innovatives Infotech Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated by Ingram Micro India Private Limited against Kolla Innovatives Infotech Private Limited under Section 9 of the IBC, 2016. The Adjudicating Authority admitted the matter on 15.03.2021 and appointed an Interim Resolution Professional (IRP), later replaced by a Resolution Professional (RP). The Committee of Creditors (CoC) resolved for liquidation of the Corporate Debtor and appointed Mr. Satyanarayana Veera Venkata Chebrolu as the Liquidator on 26.11.2021.
Ingram Micro India Private Limited initiated CIRP against Kolla Innovatives Infotech Private Limited under Section 9 of IBC, 2016. The Adjudicating Authority admitted the case on 15.03.2021. Mr. Sai Ramesh Kanuparthi was appointed as IRP and later as RP. The CoC resolved for liquidation and appointed Mr. Satyanarayana Veera Venkata Chebrolu as Liquidator on 26.11.2021. Public notice was issued on 27.11.2021, inviting claims. Two claims were received, including one from Ingram Micro and another from Axis Bank. The IT Department submitted a claim during CIRP. Axis Bank, as a secured creditor, held a charge on the assets and took possession of inventory on 06.10.2022 but did not immediately realize the securities. The Liquidator filed IAs for extension of the liquidation
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Company Petition CP(IB)/216/9/AMR/2019 filed…
The Adjudicating Authority admitted the matter…
The case pertains to an application filed by the Liquidator under Section 54(1) of the Insolvency and Bankruptcy Code, 2016, seeking dissolution of the Corporate Debtor, Kolla Innovatives Infotech Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated by Ingram Micro India Private Limited against Kolla Innovatives Infotech Private Limited under Section 9 of the IBC, 2016. The Adjudicating Authority admitted the matter on 15.03.2021 and appointed an Interim Resolution Professional (IRP), later replaced by a Resolution Professional (RP). The Committee of Creditors (CoC) resolved for liquidation of the Corporate Debtor and appointed Mr. Satyanarayana Veera Venkata Chebrolu as the Liquidator on 26.11.2021.
Ingram Micro India Private Limited initiated CIRP against Kolla Innovatives Infotech Private Limited under Section 9 of IBC, 2016. The Adjudicating Authority admitted the case on 15.03.2021. Mr. Sai Ramesh Kanuparthi was appointed as IRP and later as RP. The CoC resolved for liquidation and appointed Mr. Satyanarayana Veera Venkata Chebrolu as Liquidator on 26.11.2021. Public notice was issued on 27.11.2021, inviting claims. Two claims were received, including one from Ingram Micro and another from Axis Bank. The IT Department submitted a claim during CIRP. Axis Bank, as a secured creditor, held a charge on the assets and took possession of inventory on 06.10.2022 but did not immediately realize the securities. The Liquidator filed IAs for extension of the liquidation
…Company Petition CP(IB)/216/9/AMR/2019 filed…
The Adjudicating Authority admitted the matter…