The case involves an application under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, and Section 60(5) of the Code for the initiation of liquidation of the Corporate Debtor, Mountain Edge Tours and Holidays Private Limited. Shriram City Union Finance Limited, the Financial Creditor, filed a petition under Section 7 of the IBC against the Corporate Debtor. The petition was admitted on November 10, 2024, and an Interim Resolution Professional (IRP) was appointed. The IRP made public announcements and attempted to gather information from the Corporate Debtor's directors, but faced non-cooperation. The IRP was later appointed as the Resolution Professional (RP) by the Committee of Creditors (CoC).
Shriram City Union Finance Limited, the Financial Creditor, initiated corporate insolvency resolution process (CIRP) against Mountain Edge Tours and Holidays Private Limited, the Corporate Debtor, by filing a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016. The petition was admitted on November 10, 2024, and an Interim Resolution Professional (IRP) was appointed. Public announcements were made in newspapers, and the IRP attempted to gather information from the Corporate Debtor's directors. The registered office of the Corporate Debtor could not be found. The IRP was appointed as the Resolution Professional (RP) by the Committee of Creditors (CoC). The RP discovered that the Corporate Debtor had multiple offices, some of which were mortgaged to
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The Corporate Insolvency Resolution Process…
The petition filed by…
The case involves an application under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, and Section 60(5) of the Code for the initiation of liquidation of the Corporate Debtor, Mountain Edge Tours and Holidays Private Limited. Shriram City Union Finance Limited, the Financial Creditor, filed a petition under Section 7 of the IBC against the Corporate Debtor. The petition was admitted on November 10, 2024, and an Interim Resolution Professional (IRP) was appointed. The IRP made public announcements and attempted to gather information from the Corporate Debtor's directors, but faced non-cooperation. The IRP was later appointed as the Resolution Professional (RP) by the Committee of Creditors (CoC).
Shriram City Union Finance Limited, the Financial Creditor, initiated corporate insolvency resolution process (CIRP) against Mountain Edge Tours and Holidays Private Limited, the Corporate Debtor, by filing a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016. The petition was admitted on November 10, 2024, and an Interim Resolution Professional (IRP) was appointed. Public announcements were made in newspapers, and the IRP attempted to gather information from the Corporate Debtor's directors. The registered office of the Corporate Debtor could not be found. The IRP was appointed as the Resolution Professional (RP) by the Committee of Creditors (CoC). The RP discovered that the Corporate Debtor had multiple offices, some of which were mortgaged to
…The Corporate Insolvency Resolution Process…
The petition filed by…