The case involves an application filed under Section 33(1) of the Insolvency and Bankruptcy Code, 2016, for the liquidation of M/s Rosewood Trexim Private Limited. Reliance Commercial Finance Limited initiated the Corporate Insolvency Resolution Process (CIRP) against Rosewood Trexim Private Limited. Mr. Shailendra Singh was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). Despite repeated directions from the Adjudicating Authority, the respondents failed to provide the necessary details and documents to the RP. The CIRP period expired, and no resolution plan was received.
M/s Reliance Commercial Finance Limited initiated CIRP against M/s Rosewood Trexim Private Limited under Section 7 of the IBC. Mr. Shailendra Singh was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). The respondents, including Mr. Harsh Vardhan Bagaria and Mr. Santosh Bagaria, failed to provide the necessary details and documents to the RP, hindering the CIRP process. The Corporate Debtor's registered office was found locked during a visit by the RP. The RP made a public announcement and received only one claim from Reliance Commercial Finance Limited. The Committee of Creditors (CoC) consisted of a sole member, Reliance Commercial Finance Limited. The CoC meetings were held, but no significant progress was made due
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The Tribunal admitted…
The Applicant sent an email to the Respondents…
The case involves an application filed under Section 33(1) of the Insolvency and Bankruptcy Code, 2016, for the liquidation of M/s Rosewood Trexim Private Limited. Reliance Commercial Finance Limited initiated the Corporate Insolvency Resolution Process (CIRP) against Rosewood Trexim Private Limited. Mr. Shailendra Singh was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). Despite repeated directions from the Adjudicating Authority, the respondents failed to provide the necessary details and documents to the RP. The CIRP period expired, and no resolution plan was received.
M/s Reliance Commercial Finance Limited initiated CIRP against M/s Rosewood Trexim Private Limited under Section 7 of the IBC. Mr. Shailendra Singh was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). The respondents, including Mr. Harsh Vardhan Bagaria and Mr. Santosh Bagaria, failed to provide the necessary details and documents to the RP, hindering the CIRP process. The Corporate Debtor's registered office was found locked during a visit by the RP. The RP made a public announcement and received only one claim from Reliance Commercial Finance Limited. The Committee of Creditors (CoC) consisted of a sole member, Reliance Commercial Finance Limited. The CoC meetings were held, but no significant progress was made due
…The Tribunal admitted…
The Applicant sent an email to the Respondents…