The case involves an application filed under Section 33 of the Insolvency and Bankruptcy Code, 2016, by Ms. Nishi Jain, the Resolution Professional (RP) of Salasar Enterprises Private Limited, seeking a Liquidation Order and her appointment as the liquidator. This application was based on a resolution passed by the Committee of Creditors (CoC) in its 5th meeting held on March 15, 2021, with the requisite majority. The Corporate Insolvency Resolution Process (CIRP) was initiated against Salasar Enterprises Private Limited following an order by the Adjudicating Authority on October 15, 2020, based on a petition filed by Hirfal Interiors, an Operational Creditor, under Section 9 of the Code. Ms. Nishi Jain was appointed as the Interim Resolution Professional (IRP)
…Hirfal Interiors, an Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Salasar Enterprises Private Limited. The Adjudicating Authority initiated the Corporate Insolvency Resolution Process (CIRP) against Salasar Enterprises Private Limited on October 15, 2020, and appointed Ms. Nishi Jain as the Interim Resolution Professional (IRP). During the CIRP, five meetings of the Committee of Creditors (CoC) were held. A public announcement in Form A was published on October 17, 2020. In the 2nd CoC meeting, Registered Valuers, Mr. Bhavesh Rathod and Ms. Neelam Modi, were appointed. An Expression of Interest (EoI) was issued on December 23, 2020, but no responses were received for the Information Memorandum and Letter of
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Adjudicating Authority directed initiation of…
Public announcement in Form A was published in…
The case involves an application filed under Section 33 of the Insolvency and Bankruptcy Code, 2016, by Ms. Nishi Jain, the Resolution Professional (RP) of Salasar Enterprises Private Limited, seeking a Liquidation Order and her appointment as the liquidator. This application was based on a resolution passed by the Committee of Creditors (CoC) in its 5th meeting held on March 15, 2021, with the requisite majority. The Corporate Insolvency Resolution Process (CIRP) was initiated against Salasar Enterprises Private Limited following an order by the Adjudicating Authority on October 15, 2020, based on a petition filed by Hirfal Interiors, an Operational Creditor, under Section 9 of the Code. Ms. Nishi Jain was appointed as the Interim Resolution Professional (IRP)
…Hirfal Interiors, an Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Salasar Enterprises Private Limited. The Adjudicating Authority initiated the Corporate Insolvency Resolution Process (CIRP) against Salasar Enterprises Private Limited on October 15, 2020, and appointed Ms. Nishi Jain as the Interim Resolution Professional (IRP). During the CIRP, five meetings of the Committee of Creditors (CoC) were held. A public announcement in Form A was published on October 17, 2020. In the 2nd CoC meeting, Registered Valuers, Mr. Bhavesh Rathod and Ms. Neelam Modi, were appointed. An Expression of Interest (EoI) was issued on December 23, 2020, but no responses were received for the Information Memorandum and Letter of
…Adjudicating Authority directed initiation of…
Public announcement in Form A was published in…