The case involves an application filed by the Resolution Professional (RP) under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016, seeking orders for the liquidation of the Corporate Debtor, M/s. Saradambika Power Plant Private Limited, and the appointment of a liquidator. The Corporate Insolvency Resolution Process (CIRP) was initiated following the admission of a petition under Section 7 of the IBC. The Interim Resolution Professional (IRP) was appointed and took charge of the Corporate Debtor, issuing a public announcement to invite claims from creditors.
The Resolution Professional filed an application under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor, M/s. Saradambika Power Plant Private Limited. The NCLT, Amaravati, admitted a petition under Section 7 of the IBC, initiating CIRP. Mr. Charudutt Pandhrinath Marathe was appointed as the Interim Resolution Professional (IRP). The IRP issued a public announcement inviting claims from creditors. The Committee of Creditors (CoC) appointed the IRP as the Resolution Professional (RP). The RP published Form G, inviting Expressions of Interest (EoI), but no EoIs were received. The CoC approved the liquidation of the Corporate Debtor with 100% voting. The erstwhile management failed to cooperate and provide required
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Filing of C…
NCLT, Amaravati admitted the Petition i.e., CP…
The case involves an application filed by the Resolution Professional (RP) under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016, seeking orders for the liquidation of the Corporate Debtor, M/s. Saradambika Power Plant Private Limited, and the appointment of a liquidator. The Corporate Insolvency Resolution Process (CIRP) was initiated following the admission of a petition under Section 7 of the IBC. The Interim Resolution Professional (IRP) was appointed and took charge of the Corporate Debtor, issuing a public announcement to invite claims from creditors.
The Resolution Professional filed an application under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor, M/s. Saradambika Power Plant Private Limited. The NCLT, Amaravati, admitted a petition under Section 7 of the IBC, initiating CIRP. Mr. Charudutt Pandhrinath Marathe was appointed as the Interim Resolution Professional (IRP). The IRP issued a public announcement inviting claims from creditors. The Committee of Creditors (CoC) appointed the IRP as the Resolution Professional (RP). The RP published Form G, inviting Expressions of Interest (EoI), but no EoIs were received. The CoC approved the liquidation of the Corporate Debtor with 100% voting. The erstwhile management failed to cooperate and provide required
…Filing of C…
NCLT, Amaravati admitted the Petition i.e., CP…