The case involves an application filed by the Resolution Professional (RP) seeking liquidation of Shalibhadra Cottrade Pvt. Ltd., the Corporate Debtor, based on the instructions of the Committee of Creditors (CoC). The CoC determined that there was no possibility of resolution for the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated following a petition filed by Bank of Baroda, the Financial Creditor, under Section 7 of the Insolvency and Bankruptcy Code, 2016. Mr. Vikas Prakash Gupta was appointed as the Interim Resolution Professional (IRP).
Bank of Baroda, as a Financial Creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, leading to the initiation of the Corporate Insolvency Resolution Process (CIRP) against Shalibhadra Cottrade Pvt. Ltd. Mr. Vikas Prakash Gupta was appointed as the Interim Resolution Professional (IRP). A public announcement was made, inviting claims from creditors. The IRP received claims from Bank of Baroda and other financial creditors including Axis Bank, Shriram City Union Finance, RBL Bank Ltd, HDFC Bank Ltd. and IndusInd Bank Ltd. The Committee of Creditors (CoC) was constituted, and a resolution to appoint a Resolution Professional (RP) was passed. Form G was published to invite Expression of Interest (EoI) for resolution plans. However, the
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The Adjudicating Authority issued an order for…
The Interim Resolution Professional (IRP)…
The case involves an application filed by the Resolution Professional (RP) seeking liquidation of Shalibhadra Cottrade Pvt. Ltd., the Corporate Debtor, based on the instructions of the Committee of Creditors (CoC). The CoC determined that there was no possibility of resolution for the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated following a petition filed by Bank of Baroda, the Financial Creditor, under Section 7 of the Insolvency and Bankruptcy Code, 2016. Mr. Vikas Prakash Gupta was appointed as the Interim Resolution Professional (IRP).
Bank of Baroda, as a Financial Creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, leading to the initiation of the Corporate Insolvency Resolution Process (CIRP) against Shalibhadra Cottrade Pvt. Ltd. Mr. Vikas Prakash Gupta was appointed as the Interim Resolution Professional (IRP). A public announcement was made, inviting claims from creditors. The IRP received claims from Bank of Baroda and other financial creditors including Axis Bank, Shriram City Union Finance, RBL Bank Ltd, HDFC Bank Ltd. and IndusInd Bank Ltd. The Committee of Creditors (CoC) was constituted, and a resolution to appoint a Resolution Professional (RP) was passed. Form G was published to invite Expression of Interest (EoI) for resolution plans. However, the
…The Adjudicating Authority issued an order for…
The Interim Resolution Professional (IRP)…