The case involves an application filed by the Resolution Professional (RP) under Section 33(2) of the Insolvency & Bankruptcy Code, 2016 ('Code') for issuance of directions for liquidation of Maruthi Tubes Private Limited ('Corporate Debtor'). Dugar Polymers Limited, the Operational Creditor, had previously filed an application under Section 9 of the Code, which was admitted on 2021-11-10. Bondalapati Srinivasa Rao was appointed as the Interim Resolution Professional (IRP) and later continued as the Resolution Professional (RP).
Dugar Polymers Limited, an Operational Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Maruthi Tubes Private Limited, the Corporate Debtor, by filing an application under Section 9 of the Insolvency and Bankruptcy Code (IBC). The application was admitted on 2021-11-10. Bondalapati Srinivasa Rao was appointed as the Interim Resolution Professional (IRP) and later continued as the Resolution Professional (RP). After inviting claims from creditors, the IRP constituted a Committee of Creditors (COC) with a sole member, State Bank of India. The COC unanimously appointed the IRP as the RP. The RP appointed two valuers to determine the fair value and liquidation value of the Corporate Debtor. An application was filed under Section 19(2) of the Code
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The application filed by Dugar Polymers Limited…
The Second COC meeting was conducted after…
The case involves an application filed by the Resolution Professional (RP) under Section 33(2) of the Insolvency & Bankruptcy Code, 2016 ('Code') for issuance of directions for liquidation of Maruthi Tubes Private Limited ('Corporate Debtor'). Dugar Polymers Limited, the Operational Creditor, had previously filed an application under Section 9 of the Code, which was admitted on 2021-11-10. Bondalapati Srinivasa Rao was appointed as the Interim Resolution Professional (IRP) and later continued as the Resolution Professional (RP).
Dugar Polymers Limited, an Operational Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Maruthi Tubes Private Limited, the Corporate Debtor, by filing an application under Section 9 of the Insolvency and Bankruptcy Code (IBC). The application was admitted on 2021-11-10. Bondalapati Srinivasa Rao was appointed as the Interim Resolution Professional (IRP) and later continued as the Resolution Professional (RP). After inviting claims from creditors, the IRP constituted a Committee of Creditors (COC) with a sole member, State Bank of India. The COC unanimously appointed the IRP as the RP. The RP appointed two valuers to determine the fair value and liquidation value of the Corporate Debtor. An application was filed under Section 19(2) of the Code
…The application filed by Dugar Polymers Limited…
The Second COC meeting was conducted after…