The case pertains to the Corporate Insolvency Resolution Process (CIRP) and subsequent liquidation of Kosak Engineering and Rubber Products Private Limited. The CIRP was initiated on 25.09.2019, and Mr. Pankaj Sham Joshi was appointed as the Interim Resolution Professional (IRP). After the failure of the resolution process, the CoC resolved to liquidate the Corporate Debtor on 14.01.2020, and a liquidation order was passed on 26.03.2021. The liquidator then made public announcements inviting claims from stakeholders. The liquidator prepared a list of stakeholders and constituted the Stakeholders Consultation Committee (SCC). The assets of the Corporate Debtor were valued, and multiple e-auctions were conducted to sell them. The proceeds from the sale were distributed
…Kosak Engineering and Rubber Products Private Limited underwent Corporate Insolvency Resolution Process (CIRP) initiated on 25.09.2019. Pankaj Sham Joshi was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). The resolution process failed, leading to a decision by the Committee of Creditors (CoC) on 14.01.2020 to liquidate the company. A liquidation order was issued on 26.03.2021. Pankaj Sham Joshi was then appointed as the liquidator. Public announcements were made to invite claims from stakeholders, with a deadline of 24.04.2021. The liquidator constituted a Stakeholders Consultation Committee (SCC) on 14.05.2021. The assets of the corporate debtor included land & building and plant & machinery, which were
…Sign in to view the parties.
Corporate Insolvency Resolution Process (CIRP)…
Mr. Pankaj Sham Joshi…
Sign in to view related legal provisions.
The case pertains to the Corporate Insolvency Resolution Process (CIRP) and subsequent liquidation of Kosak Engineering and Rubber Products Private Limited. The CIRP was initiated on 25.09.2019, and Mr. Pankaj Sham Joshi was appointed as the Interim Resolution Professional (IRP). After the failure of the resolution process, the CoC resolved to liquidate the Corporate Debtor on 14.01.2020, and a liquidation order was passed on 26.03.2021. The liquidator then made public announcements inviting claims from stakeholders. The liquidator prepared a list of stakeholders and constituted the Stakeholders Consultation Committee (SCC). The assets of the Corporate Debtor were valued, and multiple e-auctions were conducted to sell them. The proceeds from the sale were distributed
…Kosak Engineering and Rubber Products Private Limited underwent Corporate Insolvency Resolution Process (CIRP) initiated on 25.09.2019. Pankaj Sham Joshi was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). The resolution process failed, leading to a decision by the Committee of Creditors (CoC) on 14.01.2020 to liquidate the company. A liquidation order was issued on 26.03.2021. Pankaj Sham Joshi was then appointed as the liquidator. Public announcements were made to invite claims from stakeholders, with a deadline of 24.04.2021. The liquidator constituted a Stakeholders Consultation Committee (SCC) on 14.05.2021. The assets of the corporate debtor included land & building and plant & machinery, which were
…Corporate Insolvency Resolution Process (CIRP)…
Mr. Pankaj Sham Joshi…
Sign in to view related legal provisions.