The case pertains to an application (IA/1077(AHM)2023) filed under Section 54 of the Insolvency and Bankruptcy Code, 2016, read with Regulation 45 of the IBBI (Liquidation Process) Regulations, 2016, seeking dissolution of Shree Raghuvanshi Fibers Private Limited, the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated following an application under Section 9 of the IB Code, 2016, by an Operational Creditor, Manishbhai Baghabhai Aahir. The CIRP initiation order was passed on 18.02.2020, and Mr. Divyang Pareshrai Majumdar was appointed as the Interim Resolution Professional (IRP). Subsequently, Mr. Jaykumar Perumal Arlani was appointed as the IRP on 22.06.2021. The Committee of Creditors (CoC) decided to proceed with liquidation, and an
…Shree Raghuvanshi Fibers Private Limited underwent Corporate Insolvency Resolution Process (CIRP) initiated by Manishbhai Baghabhai Aahir, an Operational Creditor, under Section 9 of the IB Code, 2016. Divyang Pareshrai Majumdar was initially appointed as the Interim Resolution Professional (IRP), later replaced by Jaykumar Perumal Arlani. The Committee of Creditors (CoC) resolved to liquidate the company, leading to an order of liquidation on 30.08.2022, with Jaykumar Perumal Arlani appointed as the Liquidator. The Liquidator made a public announcement on 03.09.2022, inviting claims from creditors. The liquidation estate included land, building, plant, machinery, and financial assets. The Liquidator constituted a Stakeholders Consultation Committee (SCC) with members
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Manishbhai Baghabhai Aahir filed an application…
Order for initiation of CIRP was passed by the…
The case pertains to an application (IA/1077(AHM)2023) filed under Section 54 of the Insolvency and Bankruptcy Code, 2016, read with Regulation 45 of the IBBI (Liquidation Process) Regulations, 2016, seeking dissolution of Shree Raghuvanshi Fibers Private Limited, the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated following an application under Section 9 of the IB Code, 2016, by an Operational Creditor, Manishbhai Baghabhai Aahir. The CIRP initiation order was passed on 18.02.2020, and Mr. Divyang Pareshrai Majumdar was appointed as the Interim Resolution Professional (IRP). Subsequently, Mr. Jaykumar Perumal Arlani was appointed as the IRP on 22.06.2021. The Committee of Creditors (CoC) decided to proceed with liquidation, and an
…Shree Raghuvanshi Fibers Private Limited underwent Corporate Insolvency Resolution Process (CIRP) initiated by Manishbhai Baghabhai Aahir, an Operational Creditor, under Section 9 of the IB Code, 2016. Divyang Pareshrai Majumdar was initially appointed as the Interim Resolution Professional (IRP), later replaced by Jaykumar Perumal Arlani. The Committee of Creditors (CoC) resolved to liquidate the company, leading to an order of liquidation on 30.08.2022, with Jaykumar Perumal Arlani appointed as the Liquidator. The Liquidator made a public announcement on 03.09.2022, inviting claims from creditors. The liquidation estate included land, building, plant, machinery, and financial assets. The Liquidator constituted a Stakeholders Consultation Committee (SCC) with members
…Manishbhai Baghabhai Aahir filed an application…
Order for initiation of CIRP was passed by the…