The Corporate Insolvency Resolution Process ( CIRP ) was initiated against Palavi Dealers Private Limited (Corporate Debtor) following an order dated January 11, 2024, in Company Petition (IB)-3236(MB)/2019, filed under Section 9 of the IBC, 2016, by V. Singhi & Associates, the Operational Creditor. Mr. Uttam Tekriwal was initially appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional (RP) by the Committee of Creditors (CoC) in its first meeting on February 15, 2024. Upon receiving the admission order, the RP made a public announcement in Form A on January 18, 2024, inviting claims from creditors. Initially, only one claim was received from the Operational Creditor, V. Singhi & Associates, leading to the

The Corporate Insolvency Resolution Process ( CIRP ) was initiated against Palavi Dealers Private Limited (Corporate Debtor) following an order dated January 11, 2024, in Company Petition (IB)-3236(MB)/2019, filed under Section 9 of the IBC, 2016, by V. Singhi & Associates, the Operational Creditor. Mr. Uttam Tekriwal was initially appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional (RP) by the Committee of Creditors (CoC) in its first meeting on February 15, 2024. Upon receiving the admission order, the RP made a public announcement in Form A on January 18, 2024, inviting claims from creditors. Initially, only one claim was received from the Operational Creditor, V. Singhi & Associates, leading to the