The case involves an application filed under Section 33(2) read with Section 34 of the Insolvency and Bankruptcy Code, 2016, seeking the initiation of liquidation proceedings for Pansy Construction Private Limited (Corporate Debtor). The application was filed by the Resolution Professional (RP), Mr. Virender Kumar Jain, based on the decision of the Committee of Creditors (CoC). The CIRP was initiated by Fun, N, Food Private Limited (Financial Creditor) under Section 7 of the Code. The Adjudicating Authority admitted the application on 27.09.2023 and declared a moratorium, appointing Mr. Jain as the Interim Resolution Professional (IRP). He was later confirmed as the RP by the CoC. The IRP made a public announcement on 04.10.2023, calling for creditors to submit their
…Fun, N, Food Private Limited initiated Corporate Insolvency Resolution Process (CIRP) against Pansy Construction Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Adjudicating Authority admitted the application on 27.09.2023 and declared a moratorium, appointing Mr. Virender Kumar Jain as the Interim Resolution Professional (IRP). Mr. Jain was later confirmed as the Resolution Professional (RP). A public announcement was made on 04.10.2023, with a deadline of 18.10.2023 for creditors to submit claims. The Committee of Creditors (CoC) was formed on 26.10.2023, consisting solely of the Operational Creditor. The CoC appointed the IRP as the RP on 26.10.2023. An application was filed under Section 22 of the Code, seeking confirmation and
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The Adjudicating Authority admitted the…
The IRP made a public announcement, calling…
The case involves an application filed under Section 33(2) read with Section 34 of the Insolvency and Bankruptcy Code, 2016, seeking the initiation of liquidation proceedings for Pansy Construction Private Limited (Corporate Debtor). The application was filed by the Resolution Professional (RP), Mr. Virender Kumar Jain, based on the decision of the Committee of Creditors (CoC). The CIRP was initiated by Fun, N, Food Private Limited (Financial Creditor) under Section 7 of the Code. The Adjudicating Authority admitted the application on 27.09.2023 and declared a moratorium, appointing Mr. Jain as the Interim Resolution Professional (IRP). He was later confirmed as the RP by the CoC. The IRP made a public announcement on 04.10.2023, calling for creditors to submit their
…Fun, N, Food Private Limited initiated Corporate Insolvency Resolution Process (CIRP) against Pansy Construction Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Adjudicating Authority admitted the application on 27.09.2023 and declared a moratorium, appointing Mr. Virender Kumar Jain as the Interim Resolution Professional (IRP). Mr. Jain was later confirmed as the Resolution Professional (RP). A public announcement was made on 04.10.2023, with a deadline of 18.10.2023 for creditors to submit claims. The Committee of Creditors (CoC) was formed on 26.10.2023, consisting solely of the Operational Creditor. The CoC appointed the IRP as the RP on 26.10.2023. An application was filed under Section 22 of the Code, seeking confirmation and
…The Adjudicating Authority admitted the…
The IRP made a public announcement, calling…