The case involves an application filed under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking a liquidation order for M.P. Enterprises & Associates Limited (Corporate Debtor). The application was filed by the Resolution Professional (RP), Mr. Rajeev Mannadiar, based on a resolution passed by the Committee of Creditors (CoC) in its 4th and 5th meetings. The CIRP was initiated on 20.04.2023. The CoC decided to liquidate the Corporate Debtor after attempts to find a resolution applicant failed.
The Resolution Professional (RP), Mr. Rajeev Mannadiar, filed an application under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of M.P. Enterprises & Associates Limited (Corporate Debtor). The Corporate Insolvency Resolution Process (CIRP) was initiated on 20.04.2023. The RP issued a public announcement inviting claims. The Committee of Creditors (CoC) was constituted and convened multiple meetings. The CoC invited Expressions of Interest (EoI) from prospective resolution applicants, but only two applicants were found eligible, and both declined to submit resolution plans. The CoC then voted to liquidate the Corporate Debtor. The operations of the Corporate Debtor had been closed for over a year, and there were no cash flows
…Sign in to view the parties.
CIRP of Cor…
Applicant issued a…
The case involves an application filed under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking a liquidation order for M.P. Enterprises & Associates Limited (Corporate Debtor). The application was filed by the Resolution Professional (RP), Mr. Rajeev Mannadiar, based on a resolution passed by the Committee of Creditors (CoC) in its 4th and 5th meetings. The CIRP was initiated on 20.04.2023. The CoC decided to liquidate the Corporate Debtor after attempts to find a resolution applicant failed.
The Resolution Professional (RP), Mr. Rajeev Mannadiar, filed an application under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of M.P. Enterprises & Associates Limited (Corporate Debtor). The Corporate Insolvency Resolution Process (CIRP) was initiated on 20.04.2023. The RP issued a public announcement inviting claims. The Committee of Creditors (CoC) was constituted and convened multiple meetings. The CoC invited Expressions of Interest (EoI) from prospective resolution applicants, but only two applicants were found eligible, and both declined to submit resolution plans. The CoC then voted to liquidate the Corporate Debtor. The operations of the Corporate Debtor had been closed for over a year, and there were no cash flows
…CIRP of Cor…
Applicant issued a…