The case involves the Corporate Insolvency Resolution Process (CIRP) of M/s Siddhi Vinayak Polymer Private Limited. The CIRP was initiated following an application by M/s Natroyal Industries Private Limited under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. Mr. Sanjay Kumar Aggarwal was appointed as the Interim Resolution Professional (IRP). A Committee of Creditors (CoC) was constituted, and Mr. Brij Kishore Sharma was appointed as the Resolution Professional (RP). Despite opportunities, the suspended directors of the Corporate Debtor did not cooperate in providing information for the CIRP. The RP appointed registered valuers, but they could not initiate work due to the unavailability of financial records and access to assets. The Corporate Debtor's
…M/s Natroyal Industries Private Limited filed an application under Section 9 of the IBC, 2016, to initiate CIRP against M/s Siddhi Vinayak Polymer Private Limited (Corporate Debtor). The Adjudicating Authority admitted the application on 25.10.2018. Mr. Sanjay Kumar Aggarwal was appointed as the IRP, and later Mr. Brij Kishore Sharma was appointed as the RP. The IRP issued a public announcement on 06.11.2018, inviting claims from creditors. The CoC was constituted, with SIDBI as a financial creditor. The suspended directors of the Corporate Debtor did not cooperate in providing information. The RP appointed registered valuers, but they could not initiate work due to the unavailability of financial records and access to assets. The Corporate Debtor's assets were
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The Adjudicating Authority admitted the…
The IRP issued a public announcement, under…
The case involves the Corporate Insolvency Resolution Process (CIRP) of M/s Siddhi Vinayak Polymer Private Limited. The CIRP was initiated following an application by M/s Natroyal Industries Private Limited under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. Mr. Sanjay Kumar Aggarwal was appointed as the Interim Resolution Professional (IRP). A Committee of Creditors (CoC) was constituted, and Mr. Brij Kishore Sharma was appointed as the Resolution Professional (RP). Despite opportunities, the suspended directors of the Corporate Debtor did not cooperate in providing information for the CIRP. The RP appointed registered valuers, but they could not initiate work due to the unavailability of financial records and access to assets. The Corporate Debtor's
…M/s Natroyal Industries Private Limited filed an application under Section 9 of the IBC, 2016, to initiate CIRP against M/s Siddhi Vinayak Polymer Private Limited (Corporate Debtor). The Adjudicating Authority admitted the application on 25.10.2018. Mr. Sanjay Kumar Aggarwal was appointed as the IRP, and later Mr. Brij Kishore Sharma was appointed as the RP. The IRP issued a public announcement on 06.11.2018, inviting claims from creditors. The CoC was constituted, with SIDBI as a financial creditor. The suspended directors of the Corporate Debtor did not cooperate in providing information. The RP appointed registered valuers, but they could not initiate work due to the unavailability of financial records and access to assets. The Corporate Debtor's assets were
…The Adjudicating Authority admitted the…
The IRP issued a public announcement, under…