The case involves an application filed by the Resolution Professional, Nithiyanantham Ramachandran, under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor, M/s. Srivatsa International Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated following an application by the Financial Creditor, Ligori Valan Irudhayaraj, under Section 7 of the I&B Code, 2016. The Committee of Creditors (CoC) was duly constituted, and several meetings were held to discuss the claims received and other activities related to the Corporate Debtor. The initial Interim Resolution Professional (IRP), Lakshmanan Krishnan, expressed difficulties due to the location of the Corporate Debtor. The CoC then proposed
…Ligori Valan Irudhayaraj, a Financial Creditor, filed an application under Section 7 of the I&B Code, 2016, leading to the initiation of the Corporate Insolvency Resolution Process (CIRP) against M/s. Srivatsa International Private Limited. Lakshmanan Krishnan was initially appointed as the Interim Resolution Professional (IRP) but expressed difficulties due to the Corporate Debtor's location. Nithiyanantham Ramachandran was then appointed as the Resolution Professional. The Committee of Creditors (CoC) held several meetings to discuss the claims received and other activities related to the Corporate Debtor. The CoC noted the non-receipt of accounts and asset registers for a specific period. An application was filed for non-cooperation before the Adjudicating
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Application filed by the Financial Creditor,…
Corporate Insolvency…
The case involves an application filed by the Resolution Professional, Nithiyanantham Ramachandran, under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor, M/s. Srivatsa International Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated following an application by the Financial Creditor, Ligori Valan Irudhayaraj, under Section 7 of the I&B Code, 2016. The Committee of Creditors (CoC) was duly constituted, and several meetings were held to discuss the claims received and other activities related to the Corporate Debtor. The initial Interim Resolution Professional (IRP), Lakshmanan Krishnan, expressed difficulties due to the location of the Corporate Debtor. The CoC then proposed
…Ligori Valan Irudhayaraj, a Financial Creditor, filed an application under Section 7 of the I&B Code, 2016, leading to the initiation of the Corporate Insolvency Resolution Process (CIRP) against M/s. Srivatsa International Private Limited. Lakshmanan Krishnan was initially appointed as the Interim Resolution Professional (IRP) but expressed difficulties due to the Corporate Debtor's location. Nithiyanantham Ramachandran was then appointed as the Resolution Professional. The Committee of Creditors (CoC) held several meetings to discuss the claims received and other activities related to the Corporate Debtor. The CoC noted the non-receipt of accounts and asset registers for a specific period. An application was filed for non-cooperation before the Adjudicating
…Application filed by the Financial Creditor,…
Corporate Insolvency…