The case pertains to an application filed by the Resolution Professional, Mr. Arun Bagaria, seeking liquidation of Radiant Bizcom Private Limited, the Corporate Debtor, under Sections 33, 34, and 35 read with 60(5) of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor following an order dated 04.11.2019 in Company Petition No. 2793 of 2019, filed by Punjab National Bank under Section 7 of the Code. The applicant was appointed as the Interim Resolution Professional (IRP).
Punjab National Bank filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, which was admitted on 04.11.2019, initiating the Corporate Insolvency Resolution Process (CIRP) against Radiant Bizcom Private Limited. Mr. Arun Bagaria was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional. Public announcements were made to invite claims from creditors. During the CIRP, an attempt was made to find a resolution plan, but no eligible Expression of Interest (EOI) was received. The business of the Corporate Debtor has been shut since August 2017. The Committee of Creditors (CoC) in its 5th meeting on 15th December 2020, decided to appoint the applicant as a liquidator and approved the liquidation with 100%
…Sign in to view the parties.
The Tribunal admitted the petition filed by…
A public announcement…
The case pertains to an application filed by the Resolution Professional, Mr. Arun Bagaria, seeking liquidation of Radiant Bizcom Private Limited, the Corporate Debtor, under Sections 33, 34, and 35 read with 60(5) of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor following an order dated 04.11.2019 in Company Petition No. 2793 of 2019, filed by Punjab National Bank under Section 7 of the Code. The applicant was appointed as the Interim Resolution Professional (IRP).
Punjab National Bank filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, which was admitted on 04.11.2019, initiating the Corporate Insolvency Resolution Process (CIRP) against Radiant Bizcom Private Limited. Mr. Arun Bagaria was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional. Public announcements were made to invite claims from creditors. During the CIRP, an attempt was made to find a resolution plan, but no eligible Expression of Interest (EOI) was received. The business of the Corporate Debtor has been shut since August 2017. The Committee of Creditors (CoC) in its 5th meeting on 15th December 2020, decided to appoint the applicant as a liquidator and approved the liquidation with 100%
…The Tribunal admitted the petition filed by…
A public announcement…