The Resolution Professional filed an application for the liquidation of the Corporate Debtor after the Committee of Creditors approved the liquidation with 100% voting share, following the failure to receive any Expression of Interest during the Corporate Insolvency Resolution Process.
Payal Agarwal, the Resolution Professional (RP) for Roopam Textiles Pvt. Ltd. (Corporate Debtor), filed an application under Section 33 and Section 34 of the Insolvency and Bankruptcy Code, 2016 (Code) seeking an order for liquidation. This application, IA (IB) No. 348/CB/2023, was filed after the Corporate Debtor's own application under Section 10 of the Code initiated the Corporate Insolvency Resolution Process (CIRP), which was admitted on July 31, 2023. The Interim Resolution Professional (IRP), Payal Agarwal, constituted the Committee of Creditors (CoC), which comprised Canara Bank as the sole Financial Creditor. In its first meeting on August 29, 2023, the CoC approved the appointment of Payal Agarwal as the RP with 100% voting. Subsequently, the RP published
…Sign in to view the parties.
The Adjudicating Authority admitted the…
The first meeting of the Committee of Creditors…
The Resolution Professional filed an application for the liquidation of the Corporate Debtor after the Committee of Creditors approved the liquidation with 100% voting share, following the failure to receive any Expression of Interest during the Corporate Insolvency Resolution Process.
Payal Agarwal, the Resolution Professional (RP) for Roopam Textiles Pvt. Ltd. (Corporate Debtor), filed an application under Section 33 and Section 34 of the Insolvency and Bankruptcy Code, 2016 (Code) seeking an order for liquidation. This application, IA (IB) No. 348/CB/2023, was filed after the Corporate Debtor's own application under Section 10 of the Code initiated the Corporate Insolvency Resolution Process (CIRP), which was admitted on July 31, 2023. The Interim Resolution Professional (IRP), Payal Agarwal, constituted the Committee of Creditors (CoC), which comprised Canara Bank as the sole Financial Creditor. In its first meeting on August 29, 2023, the CoC approved the appointment of Payal Agarwal as the RP with 100% voting. Subsequently, the RP published
…The Adjudicating Authority admitted the…
The first meeting of the Committee of Creditors…