The case involves an application filed by the Resolution Professional, Gajesh Labhchand Jain, seeking liquidation of Shri Balaji Entertainments Private Limited, the Corporate Debtor, under Section 33(1) of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor following the admission of a petition under section 7 of the Code filed by Pegasus Assets Reconstructions Private Limited, the Financial Creditor. The applicant was appointed as the Interim Resolution Professional (IRP) and later confirmed as Resolution Professional.
Pegasus Assets Reconstructions Private Limited, the Financial Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Shri Balaji Entertainments Private Limited, the Corporate Debtor. The petition was admitted by the Tribunal on 2022-04-20. Gajesh Labhchand Jain was appointed as the Interim Resolution Professional (IRP) and later confirmed as Resolution Professional. A public announcement was made on 2022-04-22 commencing the CIRP process. Despite efforts, no Expression of Interest (EOI) was received from any Prospective Resolution Applicant in response to Form G published by RP on 2022-06-22, with the last date of submission being 2022-07-07. In the 4th COC meeting held on 2022-08-26, the Committee of Creditors (CoC) resolved for liquidation of the
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Tribunal admitted the Petition under section…
Public announcement was…
The case involves an application filed by the Resolution Professional, Gajesh Labhchand Jain, seeking liquidation of Shri Balaji Entertainments Private Limited, the Corporate Debtor, under Section 33(1) of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor following the admission of a petition under section 7 of the Code filed by Pegasus Assets Reconstructions Private Limited, the Financial Creditor. The applicant was appointed as the Interim Resolution Professional (IRP) and later confirmed as Resolution Professional.
Pegasus Assets Reconstructions Private Limited, the Financial Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Shri Balaji Entertainments Private Limited, the Corporate Debtor. The petition was admitted by the Tribunal on 2022-04-20. Gajesh Labhchand Jain was appointed as the Interim Resolution Professional (IRP) and later confirmed as Resolution Professional. A public announcement was made on 2022-04-22 commencing the CIRP process. Despite efforts, no Expression of Interest (EOI) was received from any Prospective Resolution Applicant in response to Form G published by RP on 2022-06-22, with the last date of submission being 2022-07-07. In the 4th COC meeting held on 2022-08-26, the Committee of Creditors (CoC) resolved for liquidation of the
…Tribunal admitted the Petition under section…
Public announcement was…