The application was filed by the Resolution Professional of Shree Sankar Saw Mill Private Limited, the Corporate Applicant, seeking liquidation of the Corporate Applicant. This followed the initiation of CIRP and the Committee of Creditors' decision to liquidate the corporate debtor due to no viable resolution plan and the company being closed for over seven years.
The Adjudicating Authority initiated the Corporate Insolvency Resolution Process ( CIRP ) against Shree Sankar Saw Mill Private Limited on January 27, 2022, in CP(IB) No. 101/KB/2021. Mr. Neeraj Kumar Sureka was appointed as the Interim Resolution Professional (IRP). This order was duly communicated to the IRP, marking the formal commencement of the insolvency proceedings. Following the initiation of CIRP, a public announcement in Form A was published on January 29, 2022, in 'Financial Express' (English) and 'Aajkal' (Bengali) newspapers, as required by regulation 6 of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. Subsequently, the IRP received a claim from State Bank of India, a secured financial creditor, and constituted the
…Sign in to view the parties.
Adjudicating Authority ordered the initiation…
Public Announcement in Form A was published…
The application was filed by the Resolution Professional of Shree Sankar Saw Mill Private Limited, the Corporate Applicant, seeking liquidation of the Corporate Applicant. This followed the initiation of CIRP and the Committee of Creditors' decision to liquidate the corporate debtor due to no viable resolution plan and the company being closed for over seven years.
The Adjudicating Authority initiated the Corporate Insolvency Resolution Process ( CIRP ) against Shree Sankar Saw Mill Private Limited on January 27, 2022, in CP(IB) No. 101/KB/2021. Mr. Neeraj Kumar Sureka was appointed as the Interim Resolution Professional (IRP). This order was duly communicated to the IRP, marking the formal commencement of the insolvency proceedings. Following the initiation of CIRP, a public announcement in Form A was published on January 29, 2022, in 'Financial Express' (English) and 'Aajkal' (Bengali) newspapers, as required by regulation 6 of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. Subsequently, the IRP received a claim from State Bank of India, a secured financial creditor, and constituted the
…Adjudicating Authority ordered the initiation…
Public Announcement in Form A was published…