The case involves an application filed by Mr. Shalabh Kumar Daga, the Resolution Professional (RP) of the corporate debtor, M/s Raghukul Cottex & Processing Pvt. Ltd., under Sections 33 and 34 of the Insolvency and Bankruptcy Code, 2016, for the liquidation of the corporate debtor. The Adjudicating Authority had previously admitted an application by Bank of India under Section 7 of the Code for initiating the Corporate Insolvency Resolution Process (CIRP). Mr. Shalabh Kumar Daga was appointed as the Interim Resolution Professional (IRP).
Mr. Shalabh Kumar Daga, the Resolution Professional of M/s Raghukul Cottex & Processing Pvt. Ltd., filed an application for liquidation under Sections 33 and 34 of the Insolvency and Bankruptcy Code, 2016. Bank of India had previously initiated Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, M/s Raghukul Cottex & Processing Pvt. Ltd., under Section 7 of the Code, and Mr. Shalabh Kumar Daga was appointed as the Interim Resolution Professional (IRP). The Corporate Debtor had filed an appeal against the initiation of CIRP, which was dismissed by the NCLAT. The Committee of Creditors (CoC) was constituted, and several meetings were held to explore resolution plans. However, no resolution plan was forthcoming. Consequently, the CoC
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The Adjudicating Authority admitted the…
Corporate debtor had filed the appeal on…
The case involves an application filed by Mr. Shalabh Kumar Daga, the Resolution Professional (RP) of the corporate debtor, M/s Raghukul Cottex & Processing Pvt. Ltd., under Sections 33 and 34 of the Insolvency and Bankruptcy Code, 2016, for the liquidation of the corporate debtor. The Adjudicating Authority had previously admitted an application by Bank of India under Section 7 of the Code for initiating the Corporate Insolvency Resolution Process (CIRP). Mr. Shalabh Kumar Daga was appointed as the Interim Resolution Professional (IRP).
Mr. Shalabh Kumar Daga, the Resolution Professional of M/s Raghukul Cottex & Processing Pvt. Ltd., filed an application for liquidation under Sections 33 and 34 of the Insolvency and Bankruptcy Code, 2016. Bank of India had previously initiated Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, M/s Raghukul Cottex & Processing Pvt. Ltd., under Section 7 of the Code, and Mr. Shalabh Kumar Daga was appointed as the Interim Resolution Professional (IRP). The Corporate Debtor had filed an appeal against the initiation of CIRP, which was dismissed by the NCLAT. The Committee of Creditors (CoC) was constituted, and several meetings were held to explore resolution plans. However, no resolution plan was forthcoming. Consequently, the CoC
…The Adjudicating Authority admitted the…
Corporate debtor had filed the appeal on…