The case involves an Interlocutory Application filed by the Resolution Professional, Mr. Ajay Agrawal, under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking initiation of liquidation process against PAN INDIA INFRA PROJECTS PVT LTD. The Corporate Insolvency Resolution Process (CIRP) was initiated on 2020-07-16 upon admission of a Company Petition under Section 9 of the IBC. The applicant was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional. A public announcement was made on 2020-07-25 to invite claims from creditors. The Committee of Creditors (CoC) was formed, comprising seven financial creditors. The 4th CoC meeting was held on 2021-02-22, where it was decided to initiate liquidation due to
…The Corporate Insolvency Resolution Process (CIRP) of PAN INDIA INFRA PROJECTS PVT LTD was initiated on 2020-07-16 following the admission of a Company Petition under Section 9 of the Insolvency and Bankruptcy Code, 2016. Mr. Ajay Agrawal was appointed as the Interim Resolution Professional (IRP) and subsequently confirmed as the Resolution Professional. A public announcement was made on 2020-07-25 to invite claims from creditors, leading to the formation of a Committee of Creditors (CoC) comprising seven financial creditors. The 4th CoC meeting, held on 2021-02-22, resulted in a decision to initiate liquidation due to the absence of a resolution plan by 2021-02-02. The CoC unanimously approved the liquidation with a 100% voting share. An Interlocutory Application was
…Sign in to view the parties.
Corporate Insolvency Resolution Process (CIRP)…
Public announcement…
The case involves an Interlocutory Application filed by the Resolution Professional, Mr. Ajay Agrawal, under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking initiation of liquidation process against PAN INDIA INFRA PROJECTS PVT LTD. The Corporate Insolvency Resolution Process (CIRP) was initiated on 2020-07-16 upon admission of a Company Petition under Section 9 of the IBC. The applicant was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional. A public announcement was made on 2020-07-25 to invite claims from creditors. The Committee of Creditors (CoC) was formed, comprising seven financial creditors. The 4th CoC meeting was held on 2021-02-22, where it was decided to initiate liquidation due to
…The Corporate Insolvency Resolution Process (CIRP) of PAN INDIA INFRA PROJECTS PVT LTD was initiated on 2020-07-16 following the admission of a Company Petition under Section 9 of the Insolvency and Bankruptcy Code, 2016. Mr. Ajay Agrawal was appointed as the Interim Resolution Professional (IRP) and subsequently confirmed as the Resolution Professional. A public announcement was made on 2020-07-25 to invite claims from creditors, leading to the formation of a Committee of Creditors (CoC) comprising seven financial creditors. The 4th CoC meeting, held on 2021-02-22, resulted in a decision to initiate liquidation due to the absence of a resolution plan by 2021-02-02. The CoC unanimously approved the liquidation with a 100% voting share. An Interlocutory Application was
…Corporate Insolvency Resolution Process (CIRP)…
Public announcement…