The case pertains to an application filed by the Resolution Professional (RP) of Shree Raghuvanshi Fibers Private Limited under Section 33(2) read with 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated based on an application filed by an Operational Creditor, Mansihbhai Baghabhai Aahir, under Section 9 of the IB Code. The application was admitted on 18.02.2020, and Mr. Divyang Pareshrai Majumdar was appointed as the Interim Resolution Professional (IRP). Mr. Majumdar later resigned due to health reasons, and Mr. Jaykumar Pesumal Arlani was appointed as the new IRP. The Committee of Creditors (CoC) was formed with Bank of Baroda as its sole member. The CoC was
…Shree Raghuvanshi Fibers Private Limited faced Corporate Insolvency Resolution Process (CIRP) initiated by an Operational Creditor, Mansihbhai Baghabhai Aahir. The CIRP was triggered under Section 9 of the IB Code. The initial IRP, Mr. Divyang Pareshrai Majumdar, resigned due to health reasons and was replaced by Mr. Jaykumar Pesumal Arlani. Bank of Baroda was the sole member of the Committee of Creditors (CoC). The company had not conducted any production activities for 5-6 years and was deemed not a going concern. The CoC approved a resolution for liquidation with 100% votes. The company's last balance sheet filed with MCA was as of 31.03.2016. The company's main asset is a Cotton ginning production factory unit with land, building, and machinery, which is
…Sign in to view the parties.
The Main Company Petition being CP (IB) No.…
The application for CIRP was admitted by the…
The case pertains to an application filed by the Resolution Professional (RP) of Shree Raghuvanshi Fibers Private Limited under Section 33(2) read with 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated based on an application filed by an Operational Creditor, Mansihbhai Baghabhai Aahir, under Section 9 of the IB Code. The application was admitted on 18.02.2020, and Mr. Divyang Pareshrai Majumdar was appointed as the Interim Resolution Professional (IRP). Mr. Majumdar later resigned due to health reasons, and Mr. Jaykumar Pesumal Arlani was appointed as the new IRP. The Committee of Creditors (CoC) was formed with Bank of Baroda as its sole member. The CoC was
…Shree Raghuvanshi Fibers Private Limited faced Corporate Insolvency Resolution Process (CIRP) initiated by an Operational Creditor, Mansihbhai Baghabhai Aahir. The CIRP was triggered under Section 9 of the IB Code. The initial IRP, Mr. Divyang Pareshrai Majumdar, resigned due to health reasons and was replaced by Mr. Jaykumar Pesumal Arlani. Bank of Baroda was the sole member of the Committee of Creditors (CoC). The company had not conducted any production activities for 5-6 years and was deemed not a going concern. The CoC approved a resolution for liquidation with 100% votes. The company's last balance sheet filed with MCA was as of 31.03.2016. The company's main asset is a Cotton ginning production factory unit with land, building, and machinery, which is
…The Main Company Petition being CP (IB) No.…
The application for CIRP was admitted by the…