The case pertains to the insolvency resolution and subsequent liquidation of Ramkar Steel Re-Rolling Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated by the Tribunal on 2019-02-06. The applicant was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). However, the Committee of Creditors (CoC) resolved on 2019-06-27 to liquidate the Corporate Debtor as it was not earning much and no prospective resolution applicant was interested in submitting a resolution plan. The liquidation was ordered on 2019-07-25, and the applicant was appointed as the liquidator.
The Corporate Insolvency Resolution Process (CIRP) of Ramkar Steel Re-Rolling Private Limited was initiated on 2019-02-06. The applicant was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). On 2019-06-27, the Committee of Creditors (CoC) resolved to liquidate the Corporate Debtor due to a lack of earnings and interest from prospective resolution applicants. The liquidation was ordered on 2019-07-25, and the applicant was appointed as the liquidator. A public announcement was made on 2019-07-30, inviting claims from stakeholders. Indian Bank filed a claim as the sole stake holder. An e-auction was conducted on 2019-11-23, with Arihant Enterprise declared the successful bidder at Rs.33 lakhs. The liquidator issued a
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CIRP of the Corporate…
In the fourth Committee of Creditors meeting,…
The case pertains to the insolvency resolution and subsequent liquidation of Ramkar Steel Re-Rolling Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated by the Tribunal on 2019-02-06. The applicant was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). However, the Committee of Creditors (CoC) resolved on 2019-06-27 to liquidate the Corporate Debtor as it was not earning much and no prospective resolution applicant was interested in submitting a resolution plan. The liquidation was ordered on 2019-07-25, and the applicant was appointed as the liquidator.
The Corporate Insolvency Resolution Process (CIRP) of Ramkar Steel Re-Rolling Private Limited was initiated on 2019-02-06. The applicant was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). On 2019-06-27, the Committee of Creditors (CoC) resolved to liquidate the Corporate Debtor due to a lack of earnings and interest from prospective resolution applicants. The liquidation was ordered on 2019-07-25, and the applicant was appointed as the liquidator. A public announcement was made on 2019-07-30, inviting claims from stakeholders. Indian Bank filed a claim as the sole stake holder. An e-auction was conducted on 2019-11-23, with Arihant Enterprise declared the successful bidder at Rs.33 lakhs. The liquidator issued a
…CIRP of the Corporate…
In the fourth Committee of Creditors meeting,…