The case involves an application filed under Section 33(1) of the Insolvency and Bankruptcy Code, 2016, by the Resolution Professional (RP) of Royal Infrasoft Private Limited, the Corporate Debtor, seeking the initiation of a liquidation process. The application is supported by an affidavit from the RP. The Corporate Insolvency Resolution Process (CIRP) was initiated against Royal Infrasoft Private Limited based on a petition filed under Section 7 of the IBC by a Financial Creditor, Srei Equipment Finance Limited, and an order was passed on 2023-11-10. Sandip Kumar Kejriwal was appointed as the Interim Resolution Professional (IRP).
Srei Equipment Finance Limited, the Financial Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Royal Infrasoft Private Limited, the Corporate Debtor, under Section 7 of the IBC. The CIRP was initiated vide order dated 2023-11-10. Sandip Kumar Kejriwal was appointed as the Interim Resolution Professional (IRP). The IRP made a public announcement on 2023-11-15, inviting claims from creditors. The Committee of Creditors (CoC) was constituted on 2023-11-28. The CoC did not approve the appointment of the IRP as the RP. The CoC resolved to liquidate the Corporate Debtor due to the absence of productive assets. The IRP filed an application under section 19(2) of the IBC, 2016, against the members of the suspended Board for non co-operation. The RP
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Corporate Insolvency Resolution Process…
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The case involves an application filed under Section 33(1) of the Insolvency and Bankruptcy Code, 2016, by the Resolution Professional (RP) of Royal Infrasoft Private Limited, the Corporate Debtor, seeking the initiation of a liquidation process. The application is supported by an affidavit from the RP. The Corporate Insolvency Resolution Process (CIRP) was initiated against Royal Infrasoft Private Limited based on a petition filed under Section 7 of the IBC by a Financial Creditor, Srei Equipment Finance Limited, and an order was passed on 2023-11-10. Sandip Kumar Kejriwal was appointed as the Interim Resolution Professional (IRP).
Srei Equipment Finance Limited, the Financial Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Royal Infrasoft Private Limited, the Corporate Debtor, under Section 7 of the IBC. The CIRP was initiated vide order dated 2023-11-10. Sandip Kumar Kejriwal was appointed as the Interim Resolution Professional (IRP). The IRP made a public announcement on 2023-11-15, inviting claims from creditors. The Committee of Creditors (CoC) was constituted on 2023-11-28. The CoC did not approve the appointment of the IRP as the RP. The CoC resolved to liquidate the Corporate Debtor due to the absence of productive assets. The IRP filed an application under section 19(2) of the IBC, 2016, against the members of the suspended Board for non co-operation. The RP
…Corporate Insolvency Resolution Process…
Public announcement…