The case involves an application (I.A. No. 45/2022) filed by the Resolution Professional, Mr. Dharit K. Shah, seeking liquidation of Nihar Cotspin Private Limited (the Corporate Debtor) under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated against Nihar Cotspin Private Limited following the admission of a petition under Section 7 of the Code filed by Corporation Bank on 13.03.2020. Mr. Dharit Kishorbhai Shah was appointed as the Interim Resolution Professional (IRP). Public announcements were made inviting claims from creditors. The Committee of Creditors (CoC) appointed the Applicant as the Resolution Professional. An advertisement inviting Expression of Interest (EoI) was published, but
…On 13.03.2020, the NCLT admitted a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by Corporation Bank, initiating the Corporate Insolvency Resolution Process (CIRP) against Nihar Cotspin Private Limited. Mr. Dharit Kishorbhai Shah was appointed as the Interim Resolution Professional (IRP). A public announcement was made on 27.06.2020, inviting claims from the creditors of Nihar Cotspin Private Limited. On 24.07.2020, the Committee of Creditors (CoC) appointed the Applicant as the Resolution Professional with 100% voting approval. An advertisement inviting Expression of Interest (EoI) was published on 12.09.2020 and 17.10.2020. Only one Resolution Plan was received from "Paras Dyeing & Printing Mills". On 02.10.2021, in the 7th
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The Tribunal admitted the petition under Section…
A public announcement…
The case involves an application (I.A. No. 45/2022) filed by the Resolution Professional, Mr. Dharit K. Shah, seeking liquidation of Nihar Cotspin Private Limited (the Corporate Debtor) under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated against Nihar Cotspin Private Limited following the admission of a petition under Section 7 of the Code filed by Corporation Bank on 13.03.2020. Mr. Dharit Kishorbhai Shah was appointed as the Interim Resolution Professional (IRP). Public announcements were made inviting claims from creditors. The Committee of Creditors (CoC) appointed the Applicant as the Resolution Professional. An advertisement inviting Expression of Interest (EoI) was published, but
…On 13.03.2020, the NCLT admitted a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by Corporation Bank, initiating the Corporate Insolvency Resolution Process (CIRP) against Nihar Cotspin Private Limited. Mr. Dharit Kishorbhai Shah was appointed as the Interim Resolution Professional (IRP). A public announcement was made on 27.06.2020, inviting claims from the creditors of Nihar Cotspin Private Limited. On 24.07.2020, the Committee of Creditors (CoC) appointed the Applicant as the Resolution Professional with 100% voting approval. An advertisement inviting Expression of Interest (EoI) was published on 12.09.2020 and 17.10.2020. Only one Resolution Plan was received from "Paras Dyeing & Printing Mills". On 02.10.2021, in the 7th
…The Tribunal admitted the petition under Section…
A public announcement…