The case pertains to an application filed by the Resolution Professional (RP), Mr. Haresh Babulal Shah, for the liquidation of M/s. Mahila Udyog Limited, the Corporate Applicant. The Corporate Insolvency Resolution Process (CIRP) was initiated following the filing of C.P.(IB)1253/MB/C-II/2022 under Section 10 of the Insolvency and Bankruptcy Code, 2016. The CIRP commenced on July 30, 2024. The RP published a public announcement inviting claims from creditors, and only one operational creditor responded. The RP determined that the Corporate Applicant had no financial creditors. The Committee of Creditors (CoC), comprising the sole operational creditor, approved a resolution for the liquidation of the Corporate Debtor.
M/s. Mahila Udyog Limited, the Corporate Applicant, initiated Corporate Insolvency Resolution Process (CIRP) by filing C.P.(IB)1253/MB/C-II/2022 under Section 10 of the Insolvency and Bankruptcy Code, 2016. The CIRP commenced on 2024-07-30. Mr. Haresh Babulal Shah was appointed as the Interim Resolution Professional (IRP). A public announcement was made, inviting claims from creditors. Only one operational creditor, Kirloskar Industries Limited, submitted a claim, which was admitted for Rs. 3,85,87,033.84. The IRP determined that the Corporate Applicant had no financial creditors. The Committee of Creditors (CoC) was formed, consisting solely of Kirloskar Industries Limited. The CoC unanimously approved a resolution for the liquidation of the Corporate Debtor. The
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M/s. Mahila Udyog Limited filed…
The Corporate…
The case pertains to an application filed by the Resolution Professional (RP), Mr. Haresh Babulal Shah, for the liquidation of M/s. Mahila Udyog Limited, the Corporate Applicant. The Corporate Insolvency Resolution Process (CIRP) was initiated following the filing of C.P.(IB)1253/MB/C-II/2022 under Section 10 of the Insolvency and Bankruptcy Code, 2016. The CIRP commenced on July 30, 2024. The RP published a public announcement inviting claims from creditors, and only one operational creditor responded. The RP determined that the Corporate Applicant had no financial creditors. The Committee of Creditors (CoC), comprising the sole operational creditor, approved a resolution for the liquidation of the Corporate Debtor.
M/s. Mahila Udyog Limited, the Corporate Applicant, initiated Corporate Insolvency Resolution Process (CIRP) by filing C.P.(IB)1253/MB/C-II/2022 under Section 10 of the Insolvency and Bankruptcy Code, 2016. The CIRP commenced on 2024-07-30. Mr. Haresh Babulal Shah was appointed as the Interim Resolution Professional (IRP). A public announcement was made, inviting claims from creditors. Only one operational creditor, Kirloskar Industries Limited, submitted a claim, which was admitted for Rs. 3,85,87,033.84. The IRP determined that the Corporate Applicant had no financial creditors. The Committee of Creditors (CoC) was formed, consisting solely of Kirloskar Industries Limited. The CoC unanimously approved a resolution for the liquidation of the Corporate Debtor. The
…M/s. Mahila Udyog Limited filed…
The Corporate…