The case involves an Interlocutory Application (IA-17/2024) filed in Company Petition CP(IB)-814/MB/2021 under Section 33 of the Insolvency and Bankruptcy Code (IBC), 2016. The petition was originally filed by Suzlon Gujarat Wind Park Ltd., an Operational Creditor, against Sri Maruti Wind Park (India) Private Limited, the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated, and Mr. Nitin Om Kothari was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP).
Suzlon Gujarat Wind Park Ltd. filed a petition under Section 9 of the IBC, 2016, against Sri Maruti Wind Park (India) Private Limited, leading to the initiation of CIRP. Nitin Om Kothari was appointed as IRP and later as RP. Public announcements were made to invite claims from creditors, and the Committee of Creditors (CoC) was formed. Despite multiple attempts, no resolution plan was approved by the CoC. The CIRP period was extended by 90 days, but no resolution plan was received. The CoC then voted for liquidation with 100% voting in favor. Prasad Kamalakar Dharap was proposed and approved as the Liquidator. The NCLT approved the liquidation, appointing Prasad Kamalakar Dharap as the Liquidator and outlining the process and responsibilities.
Sign in to view the parties.
Tribunal ordered Company Petition bearing…
Applicant issued public announcement in Form-A…
The case involves an Interlocutory Application (IA-17/2024) filed in Company Petition CP(IB)-814/MB/2021 under Section 33 of the Insolvency and Bankruptcy Code (IBC), 2016. The petition was originally filed by Suzlon Gujarat Wind Park Ltd., an Operational Creditor, against Sri Maruti Wind Park (India) Private Limited, the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated, and Mr. Nitin Om Kothari was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP).
Suzlon Gujarat Wind Park Ltd. filed a petition under Section 9 of the IBC, 2016, against Sri Maruti Wind Park (India) Private Limited, leading to the initiation of CIRP. Nitin Om Kothari was appointed as IRP and later as RP. Public announcements were made to invite claims from creditors, and the Committee of Creditors (CoC) was formed. Despite multiple attempts, no resolution plan was approved by the CoC. The CIRP period was extended by 90 days, but no resolution plan was received. The CoC then voted for liquidation with 100% voting in favor. Prasad Kamalakar Dharap was proposed and approved as the Liquidator. The NCLT approved the liquidation, appointing Prasad Kamalakar Dharap as the Liquidator and outlining the process and responsibilities.
Tribunal ordered Company Petition bearing…
Applicant issued public announcement in Form-A…