The application M.A. No. 2727/2019 was filed by the Resolution Professional, Mr. U. Balakrishna Bhat, seeking liquidation of M/s Nitin Fire Protection Industries Limited (Corporate Debtor) under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor following the admission of a petition filed by Dena Bank under Section 7 of the Code. The applicant was appointed as the Interim Resolution Professional (IRP).
The Resolution Professional, Mr. U. Balakrishna Bhat, filed an application seeking the liquidation of M/s Nitin Fire Protection Industries Limited (Corporate Debtor) under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016. The CIRP was initiated against the Corporate Debtor based on a petition filed by Dena Bank. The applicant was appointed as the Interim Resolution Professional (IRP). An advertisement inviting Expression of Interest (EoI) was published, and the applicant received Eol from 5 Entities and 4 Resolution Plans. The CoC rejected 3 Resolution Plans, and 1 was withdrawn. The CoC decided to consider a resolution plan, and the CIRP period was extended. The resolution plan was rejected by the CoC in its 26th meeting. In the 27th meeting, the CoC
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The application M.A. No. 2727/2019 was filed by the Resolution Professional, Mr. U. Balakrishna Bhat, seeking liquidation of M/s Nitin Fire Protection Industries Limited (Corporate Debtor) under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor following the admission of a petition filed by Dena Bank under Section 7 of the Code. The applicant was appointed as the Interim Resolution Professional (IRP).
The Resolution Professional, Mr. U. Balakrishna Bhat, filed an application seeking the liquidation of M/s Nitin Fire Protection Industries Limited (Corporate Debtor) under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016. The CIRP was initiated against the Corporate Debtor based on a petition filed by Dena Bank. The applicant was appointed as the Interim Resolution Professional (IRP). An advertisement inviting Expression of Interest (EoI) was published, and the applicant received Eol from 5 Entities and 4 Resolution Plans. The CoC rejected 3 Resolution Plans, and 1 was withdrawn. The CoC decided to consider a resolution plan, and the CIRP period was extended. The resolution plan was rejected by the CoC in its 26th meeting. In the 27th meeting, the CoC
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