The case involves an application filed by the Resolution Professional under Section 33(1) of the Insolvency and Bankruptcy Code, 2016, seeking directions for the liquidation of the Corporate Debtor, M/s. Reliable Finance Corpn Private Limited. The Financial Creditor, M/s. Sital Leasing and Finance Limited, had previously filed an application under Section 7 of the Code for initiating the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, which was admitted by the Tribunal on 04.07.2022, leading to the commencement of CIRP. Mohd. Nazim Khan was initially appointed as the Interim Resolution Professional (IRP).
M/s. Sital Leasing and Finance Limited, the Financial Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against M/s. Reliable Finance Corpn Private Limited, the Corporate Debtor, by filing an application under Section 7 of the Insolvency and Bankruptcy Code (IBC). The application was admitted on 04.07.2022, initiating CIRP. Mohd. Nazim Khan was appointed as the Interim Resolution Professional (IRP). The IRP issued public announcements and constituted the Committee of Creditors (CoC). The IRP expressed unwillingness to continue as IRP, and Mr. Satyendra Sharma was proposed as the Resolution Professional. The CoC approved the appointment of Mr. Satyendra Sharma. The Financial Creditor informed that the major assets of the Corporate Debtor were unquoted
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The Tribunal admitted the application filed by…
The IRP issued a public announcement in Form-A,…
The case involves an application filed by the Resolution Professional under Section 33(1) of the Insolvency and Bankruptcy Code, 2016, seeking directions for the liquidation of the Corporate Debtor, M/s. Reliable Finance Corpn Private Limited. The Financial Creditor, M/s. Sital Leasing and Finance Limited, had previously filed an application under Section 7 of the Code for initiating the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, which was admitted by the Tribunal on 04.07.2022, leading to the commencement of CIRP. Mohd. Nazim Khan was initially appointed as the Interim Resolution Professional (IRP).
M/s. Sital Leasing and Finance Limited, the Financial Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against M/s. Reliable Finance Corpn Private Limited, the Corporate Debtor, by filing an application under Section 7 of the Insolvency and Bankruptcy Code (IBC). The application was admitted on 04.07.2022, initiating CIRP. Mohd. Nazim Khan was appointed as the Interim Resolution Professional (IRP). The IRP issued public announcements and constituted the Committee of Creditors (CoC). The IRP expressed unwillingness to continue as IRP, and Mr. Satyendra Sharma was proposed as the Resolution Professional. The CoC approved the appointment of Mr. Satyendra Sharma. The Financial Creditor informed that the major assets of the Corporate Debtor were unquoted
…The Tribunal admitted the application filed by…
The IRP issued a public announcement in Form-A,…