The case pertains to the Corporate Insolvency Resolution Process (CIRP) initiated against Pai Khot Infra Private Limited. The CIRP was triggered by a Company Petition under Section 9 of the Insolvency and Bankruptcy Code, 2016. An Interim Resolution Professional (IRP) was appointed. A Committee of Creditors (CoC) was formed, consisting solely of Sonal Enterprises Private Limited as an operational creditor. Despite inviting resolution plans, none were received. The CoC then unanimously approved the liquidation of the company.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Pai Khot Infra Private Limited following the admission of a Company Petition under Section 9 of the Insolvency and Bankruptcy Code, 2016. An Interim Resolution Professional (IRP) was appointed to manage the company's affairs during the CIRP. The Committee of Creditors (CoC) was formed, consisting solely of Sonal Enterprises Private Limited as an operational creditor. No claims were received from financial creditors. The IRP released an Expression of Interest (Eol) twice, inviting resolution plans from prospective applicants, but no resolution plan was submitted. Consequently, the CoC unanimously approved the liquidation of the company in its 6th meeting held on 18.04.2024. The Suspended Board of
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Corporate Insolvency Resolution Process (CIRP)…
The Applicant herein was not confirmed as…
The case pertains to the Corporate Insolvency Resolution Process (CIRP) initiated against Pai Khot Infra Private Limited. The CIRP was triggered by a Company Petition under Section 9 of the Insolvency and Bankruptcy Code, 2016. An Interim Resolution Professional (IRP) was appointed. A Committee of Creditors (CoC) was formed, consisting solely of Sonal Enterprises Private Limited as an operational creditor. Despite inviting resolution plans, none were received. The CoC then unanimously approved the liquidation of the company.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Pai Khot Infra Private Limited following the admission of a Company Petition under Section 9 of the Insolvency and Bankruptcy Code, 2016. An Interim Resolution Professional (IRP) was appointed to manage the company's affairs during the CIRP. The Committee of Creditors (CoC) was formed, consisting solely of Sonal Enterprises Private Limited as an operational creditor. No claims were received from financial creditors. The IRP released an Expression of Interest (Eol) twice, inviting resolution plans from prospective applicants, but no resolution plan was submitted. Consequently, the CoC unanimously approved the liquidation of the company in its 6th meeting held on 18.04.2024. The Suspended Board of
…Corporate Insolvency Resolution Process (CIRP)…
The Applicant herein was not confirmed as…