The case involves an application for liquidation of Rushabh Lifestyle Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated following a petition filed by the Operational Creditor, Wintry Engineering & Chemicals Private Limited, under Section 9 of the IBC, 2016. Pawan Kumar Ramdhan Agarwal was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). Despite efforts to find a resolution plan, none were received, leading the Committee of Creditors (CoC) to decide on liquidation.
On 21.11.2023, the Tribunal admitted a Company Petition filed by Wintry Engineering & Chemicals Private Limited, the Operational Creditor, under Section 9 of the IBC, 2016, initiating CIRP for Rushabh Lifestyle Private Limited, the Corporate Debtor. Pawan Kumar Ramdhan Agarwal was appointed as the IRP and later as the RP. Public announcements were made on 23.11.2023, inviting claims from creditors, resulting in one claim from a Financial Creditor and one from an Operational Creditor. The first CoC meeting was held on 21.12.2023, and the second on 29.01.2024, where eligibility criteria for resolution applicants were discussed. An Expression of Interest was published on 30.01.2024, but no resolution plan was received by 29.04.2024. In a fourth CoC meeting on
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Company Petition bearing No.:…
Tribunal admitted the petition and initiated…
The case involves an application for liquidation of Rushabh Lifestyle Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated following a petition filed by the Operational Creditor, Wintry Engineering & Chemicals Private Limited, under Section 9 of the IBC, 2016. Pawan Kumar Ramdhan Agarwal was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). Despite efforts to find a resolution plan, none were received, leading the Committee of Creditors (CoC) to decide on liquidation.
On 21.11.2023, the Tribunal admitted a Company Petition filed by Wintry Engineering & Chemicals Private Limited, the Operational Creditor, under Section 9 of the IBC, 2016, initiating CIRP for Rushabh Lifestyle Private Limited, the Corporate Debtor. Pawan Kumar Ramdhan Agarwal was appointed as the IRP and later as the RP. Public announcements were made on 23.11.2023, inviting claims from creditors, resulting in one claim from a Financial Creditor and one from an Operational Creditor. The first CoC meeting was held on 21.12.2023, and the second on 29.01.2024, where eligibility criteria for resolution applicants were discussed. An Expression of Interest was published on 30.01.2024, but no resolution plan was received by 29.04.2024. In a fourth CoC meeting on
…Company Petition bearing No.:…
Tribunal admitted the petition and initiated…