The Interim Application (IA) No. 509/JPR/2023 was filed by the Resolution Professional (RP) for M/s Radharani Exports Private Limited, the Corporate Debtor, under Sections 33 and 34 of the Insolvency and Bankruptcy Code, 2016, seeking an order for liquidation. The Adjudicating Authority had admitted an application filed by M/s Garg Granites Private Limited under Section 9 of the Code for initiating the Corporate Insolvency Resolution Process (CIRP) of the Corporate Debtor. Mr. Prashant Agrawal was appointed as the Interim Resolution Professional (IRP). The IRP constituted the Committee of Creditors (CoC). The CoC appointed Mr. Prashant Agrawal as the Resolution Professional (RP). The RP invited resolution plans but did not receive any within the prescribed time. The RP
…M/s Garg Granites Private Limited initiated Corporate Insolvency Resolution Process (CIRP) against M/s Radharani Exports Private Limited. The Adjudicating Authority admitted the application under Section 9 of the Insolvency and Bankruptcy Code (IBC) on 2023-04-12. Mr. Prashant Agrawal was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The Committee of Creditors (CoC) was constituted. The RP invited resolution plans, but no resolution plan was received within the stipulated time. The CoC, by a majority vote exceeding 66%, resolved to liquidate the Corporate Debtor. The RP filed an application under Section 33 of the IBC seeking liquidation. The RP stated that the Corporate Debtor was non-operational for
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The Adjudicating Authority admitted the…
The first meeting of the CoC was held in two…
The Interim Application (IA) No. 509/JPR/2023 was filed by the Resolution Professional (RP) for M/s Radharani Exports Private Limited, the Corporate Debtor, under Sections 33 and 34 of the Insolvency and Bankruptcy Code, 2016, seeking an order for liquidation. The Adjudicating Authority had admitted an application filed by M/s Garg Granites Private Limited under Section 9 of the Code for initiating the Corporate Insolvency Resolution Process (CIRP) of the Corporate Debtor. Mr. Prashant Agrawal was appointed as the Interim Resolution Professional (IRP). The IRP constituted the Committee of Creditors (CoC). The CoC appointed Mr. Prashant Agrawal as the Resolution Professional (RP). The RP invited resolution plans but did not receive any within the prescribed time. The RP
…M/s Garg Granites Private Limited initiated Corporate Insolvency Resolution Process (CIRP) against M/s Radharani Exports Private Limited. The Adjudicating Authority admitted the application under Section 9 of the Insolvency and Bankruptcy Code (IBC) on 2023-04-12. Mr. Prashant Agrawal was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The Committee of Creditors (CoC) was constituted. The RP invited resolution plans, but no resolution plan was received within the stipulated time. The CoC, by a majority vote exceeding 66%, resolved to liquidate the Corporate Debtor. The RP filed an application under Section 33 of the IBC seeking liquidation. The RP stated that the Corporate Debtor was non-operational for
…The Adjudicating Authority admitted the…
The first meeting of the CoC was held in two…