The Resolution Professional (RP) filed an application upon the instructions of the Committee of Creditors (CoC) seeking liquidation of the Corporate Debtor, Qutab Realcon Private Limited, due to the absence of a resolution plan. The Adjudicating Authority, on May 5, 2022, initiated the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor based on a petition filed by Shakuntlam Securities Private Limited (Financial Creditor) under Section 7 of the Insolvency and Bankruptcy Code, 2016. Mr. Dharm Vir Gupta was appointed as the Interim Resolution Professional (IRP), later confirmed as RP. The RP issued a public announcement to invite Expression of Interest (EOI), but no EOI was received. The CoC, consisting of only one Financial Creditor, decided to
…Shakuntlam Securities Private Limited, a Financial Creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Qutab Realcon Private Limited, the Corporate Debtor. The Adjudicating Authority initiated the Corporate Insolvency Resolution Process (CIRP) on May 5, 2022, and appointed Mr. Dharm Vir Gupta as the Interim Resolution Professional (IRP), who was later confirmed as the Resolution Professional (RP). The RP issued a public announcement to invite Expression of Interest (EOI) in Form G, but no EOI was received. The Committee of Creditors (CoC), consisting of only Shakuntlam Securities Private Limited, decided to liquidate the Corporate Debtor due to the absence of a resolution plan, non-availability of physical assets, cessation
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Adjudicating Authority initiated CIRP against…
RP issued a public…
The Resolution Professional (RP) filed an application upon the instructions of the Committee of Creditors (CoC) seeking liquidation of the Corporate Debtor, Qutab Realcon Private Limited, due to the absence of a resolution plan. The Adjudicating Authority, on May 5, 2022, initiated the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor based on a petition filed by Shakuntlam Securities Private Limited (Financial Creditor) under Section 7 of the Insolvency and Bankruptcy Code, 2016. Mr. Dharm Vir Gupta was appointed as the Interim Resolution Professional (IRP), later confirmed as RP. The RP issued a public announcement to invite Expression of Interest (EOI), but no EOI was received. The CoC, consisting of only one Financial Creditor, decided to
…Shakuntlam Securities Private Limited, a Financial Creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Qutab Realcon Private Limited, the Corporate Debtor. The Adjudicating Authority initiated the Corporate Insolvency Resolution Process (CIRP) on May 5, 2022, and appointed Mr. Dharm Vir Gupta as the Interim Resolution Professional (IRP), who was later confirmed as the Resolution Professional (RP). The RP issued a public announcement to invite Expression of Interest (EOI) in Form G, but no EOI was received. The Committee of Creditors (CoC), consisting of only Shakuntlam Securities Private Limited, decided to liquidate the Corporate Debtor due to the absence of a resolution plan, non-availability of physical assets, cessation
…Adjudicating Authority initiated CIRP against…
RP issued a public…