The case involves an application under Section 12A of the IBC, 2016 read with Regulation 30A (1) of CIRP Regulations, 2016 filed by the Bank of Maharashtra. The Resolution Professional (RP) published Form-G for invitation of Resolution Plan on 26.05.2022, but no expression of interest was received. The agenda for extension of the CIRP period was rejected by the Committee of Creditors (CoC). Subsequently, the RP proposed liquidation, but the CoC did not vote in favor of it and expressed unwillingness to liquidate the Corporate Debtor.
Manoj Jain Prop. Maxwell India is the Operational Creditor/Applicant. Romesh Power Products Pvt. Ltd. is the Corporate Debtor/Respondent. The Resolution Professional (RP) published Form-G for invitation of Resolution Plan on 26.05.2022, but no expression of interest was received. The agenda for extension of the CIRP period was rejected by the CoC. The RP then put an agenda for liquidation, but the CoC did not vote for it and does not want to liquidate the Corporate Debtor. The Members of CoC decided to withdraw the CIRP of the Corporate Debtor. The RP had key of rented premises and some of the records of the Corporate Debtor are lying in the rented premises. The RP has taken key from the erstwhile RP and possession of the record with regard to Corporate Debtor has also
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The case involves an application under Section 12A of the IBC, 2016 read with Regulation 30A (1) of CIRP Regulations, 2016 filed by the Bank of Maharashtra. The Resolution Professional (RP) published Form-G for invitation of Resolution Plan on 26.05.2022, but no expression of interest was received. The agenda for extension of the CIRP period was rejected by the Committee of Creditors (CoC). Subsequently, the RP proposed liquidation, but the CoC did not vote in favor of it and expressed unwillingness to liquidate the Corporate Debtor.
Manoj Jain Prop. Maxwell India is the Operational Creditor/Applicant. Romesh Power Products Pvt. Ltd. is the Corporate Debtor/Respondent. The Resolution Professional (RP) published Form-G for invitation of Resolution Plan on 26.05.2022, but no expression of interest was received. The agenda for extension of the CIRP period was rejected by the CoC. The RP then put an agenda for liquidation, but the CoC did not vote for it and does not want to liquidate the Corporate Debtor. The Members of CoC decided to withdraw the CIRP of the Corporate Debtor. The RP had key of rented premises and some of the records of the Corporate Debtor are lying in the rented premises. The RP has taken key from the erstwhile RP and possession of the record with regard to Corporate Debtor has also
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