The case pertains to IA No. 364/2021 in CP (IB) No. 265/Chd/Hry/2019, an admitted matter under the Insolvency and Bankruptcy Code, 2016. The Corporate Debtor, Modi Telecommunications Ltd., had initiated the CIRP process under Section 10 of the IBC, 2016, which was admitted on 24.01.2020. Mr. Atul Mittal was appointed as the Interim Resolution Professional (IRP). The IRP filed an application to liquidate the Corporate Debtor under Section 33(1) of the IBC, 2016.
Modi Telecommunications Ltd. is the Corporate Debtor undergoing CIRP. The CIRP was initiated under Section 10 of the IBC, 2016, and admitted on 24.01.2020. Mr. Atul Mittal was appointed as the Interim Resolution Professional (IRP). The IRP made public announcements inviting creditors to submit claims, with a deadline of 07.02.2020. The IRP communicated the CIRP initiation to ICICI Bank and the Department of Telecommunications. Despite these efforts, no claims were received from any creditors. Consequently, a Committee of Creditors (CoC) could not be formed, and a 'NIL' report was filed on 20.02.2020. The IRP submitted progress reports to the Tribunal. The IRP also gave his consent to be appointed as the liquidator. The Department of Telecommunications, despite being
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Filing of CP (…
The petition for initiation of CIRP process by…
The case pertains to IA No. 364/2021 in CP (IB) No. 265/Chd/Hry/2019, an admitted matter under the Insolvency and Bankruptcy Code, 2016. The Corporate Debtor, Modi Telecommunications Ltd., had initiated the CIRP process under Section 10 of the IBC, 2016, which was admitted on 24.01.2020. Mr. Atul Mittal was appointed as the Interim Resolution Professional (IRP). The IRP filed an application to liquidate the Corporate Debtor under Section 33(1) of the IBC, 2016.
Modi Telecommunications Ltd. is the Corporate Debtor undergoing CIRP. The CIRP was initiated under Section 10 of the IBC, 2016, and admitted on 24.01.2020. Mr. Atul Mittal was appointed as the Interim Resolution Professional (IRP). The IRP made public announcements inviting creditors to submit claims, with a deadline of 07.02.2020. The IRP communicated the CIRP initiation to ICICI Bank and the Department of Telecommunications. Despite these efforts, no claims were received from any creditors. Consequently, a Committee of Creditors (CoC) could not be formed, and a 'NIL' report was filed on 20.02.2020. The IRP submitted progress reports to the Tribunal. The IRP also gave his consent to be appointed as the liquidator. The Department of Telecommunications, despite being
…Filing of CP (…
The petition for initiation of CIRP process by…