The application was filed by Mr. Jossy Steephen Kattur, the Resolution Professional (RP) of Nandanam Tiles and Sanitaries Private Limited (Corporate Debtor), under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking an order for the liquidation of the Corporate Debtor. The Corporate Debtor entered CIRP on 19/01/2024. The applicant was appointed as the Interim Resolution Professional and thereafter as the RP of the corporate debtor on 17/02/2024. The CIRP period expired on 16/07/2024. The Committee of Creditors (CoC) decided with 100% voting rights to liquidate the Corporate Debtor due to its non-operational status and nil assets.
Nandanam Tiles and Sanitaries Private Limited (the 'Corporate Debtor') underwent Corporate Insolvency Resolution Process (CIRP) commencing on 2024-01-19. Mr. Jossy Steephen Kattur served as the Resolution Professional (RP). Claims against the Corporate Debtor totaled Rs. 61,11,9/8,169/-, including claims from a secured creditor (M/s ARCIL), an unsecured financial creditor (SBI), and operational creditors. The Committee of Creditors (CoC) opted not to solicit Expressions of Interest (EOI) due to the Corporate Debtor's non-operational status and lack of identifiable assets, which impeded the CIRP. The CIRP period concluded on 2024-07-16. During the 6th CoC meeting on 2024-06-28, creditors unanimously voted for liquidation. The RP filed an application under Section 33(2)
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Corporate Debtor…
Applicant appointed as the Interim Resolution…
The application was filed by Mr. Jossy Steephen Kattur, the Resolution Professional (RP) of Nandanam Tiles and Sanitaries Private Limited (Corporate Debtor), under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking an order for the liquidation of the Corporate Debtor. The Corporate Debtor entered CIRP on 19/01/2024. The applicant was appointed as the Interim Resolution Professional and thereafter as the RP of the corporate debtor on 17/02/2024. The CIRP period expired on 16/07/2024. The Committee of Creditors (CoC) decided with 100% voting rights to liquidate the Corporate Debtor due to its non-operational status and nil assets.
Nandanam Tiles and Sanitaries Private Limited (the 'Corporate Debtor') underwent Corporate Insolvency Resolution Process (CIRP) commencing on 2024-01-19. Mr. Jossy Steephen Kattur served as the Resolution Professional (RP). Claims against the Corporate Debtor totaled Rs. 61,11,9/8,169/-, including claims from a secured creditor (M/s ARCIL), an unsecured financial creditor (SBI), and operational creditors. The Committee of Creditors (CoC) opted not to solicit Expressions of Interest (EOI) due to the Corporate Debtor's non-operational status and lack of identifiable assets, which impeded the CIRP. The CIRP period concluded on 2024-07-16. During the 6th CoC meeting on 2024-06-28, creditors unanimously voted for liquidation. The RP filed an application under Section 33(2)
…Corporate Debtor…
Applicant appointed as the Interim Resolution…