The case involves an application filed by Regent Vinimay Private Limited in connection with a corporate insolvency resolution process (CIRP) initiated by Alliance Broadband Services Private Limited (Financial Creditor) against Manthan Broadband Services Private Limited (Corporate Debtor). The Section 7 petition was admitted on September 18, 2019, but no resolution was achieved, leading to a liquidation order on April 6, 2022, and the appointment of Mr. Kuldeep Verma as Liquidator. The Liquidator initiated an e-Auction process for the sale of the Corporate Debtor's assets, in which Regent Vinimay Private Limited participated.
Alliance Broadband Services Private Limited initiated a corporate insolvency resolution process (CIRP) against Manthan Broadband Services Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The petition was admitted on September 18, 2019, but the CIRP failed to achieve a resolution. Consequently, on April 6, 2022, the Tribunal ordered the liquidation of Manthan Broadband Services Private Limited and appointed Mr. Kuldeep Verma as the Liquidator. The Liquidator published a sale notice on December 6, 2022, for the sale of the Corporate Debtor as a going concern. Regent Vinimay Private Limited submitted an expression of interest on January 25, 2023, to participate in the e-Auction. They were asked to provide more documents via email on January 27,
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The Section 7 petition filed by Alliance…
The Tribunal passed an order for the…
The case involves an application filed by Regent Vinimay Private Limited in connection with a corporate insolvency resolution process (CIRP) initiated by Alliance Broadband Services Private Limited (Financial Creditor) against Manthan Broadband Services Private Limited (Corporate Debtor). The Section 7 petition was admitted on September 18, 2019, but no resolution was achieved, leading to a liquidation order on April 6, 2022, and the appointment of Mr. Kuldeep Verma as Liquidator. The Liquidator initiated an e-Auction process for the sale of the Corporate Debtor's assets, in which Regent Vinimay Private Limited participated.
Alliance Broadband Services Private Limited initiated a corporate insolvency resolution process (CIRP) against Manthan Broadband Services Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The petition was admitted on September 18, 2019, but the CIRP failed to achieve a resolution. Consequently, on April 6, 2022, the Tribunal ordered the liquidation of Manthan Broadband Services Private Limited and appointed Mr. Kuldeep Verma as the Liquidator. The Liquidator published a sale notice on December 6, 2022, for the sale of the Corporate Debtor as a going concern. Regent Vinimay Private Limited submitted an expression of interest on January 25, 2023, to participate in the e-Auction. They were asked to provide more documents via email on January 27,
…The Section 7 petition filed by Alliance…
The Tribunal passed an order for the…