The case pertains to the Corporate Insolvency Resolution Process (CIRP) initiated against Starlite Jewels Private Limited, the Corporate Debtor, by Invent Assets Securitization and Reconstruction Private Limited, the Financial Creditor. The CIRP was initiated after the admission of a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016. Mr. Indrajit Mukherjee was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). Despite efforts to find a resolution plan, including the publication of Form-G multiple times, no Expression of Interest (EOI) was received from prospective Resolution Applicants. The Committee of Creditors (CoC), being the sole member, resolved with 100% vote to liquidate the
…Invent Assets Securitization and Reconstruction Private Limited initiated Corporate Insolvency Resolution Process (CIRP) against Starlite Jewels Private Limited. The petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 was admitted by the Tribunal. Indrajit Mukherjee was appointed as the Interim Resolution Professional and later confirmed as Resolution Professional. Form-G was published twice to invite Expression of Interest (EOI) from resolution applicants, but no applications were received. The 270-day period for CIRP was nearing expiry on 2023-11-06, and an extension of 60 days was sought. The RP issued Form-G again on 2023-11-17. No prospective resolution applicants submitted EOI, and discussions with potential applicants were unfruitful. In the 9th
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Company Petit…
The Tribunal admitted…
The case pertains to the Corporate Insolvency Resolution Process (CIRP) initiated against Starlite Jewels Private Limited, the Corporate Debtor, by Invent Assets Securitization and Reconstruction Private Limited, the Financial Creditor. The CIRP was initiated after the admission of a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016. Mr. Indrajit Mukherjee was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). Despite efforts to find a resolution plan, including the publication of Form-G multiple times, no Expression of Interest (EOI) was received from prospective Resolution Applicants. The Committee of Creditors (CoC), being the sole member, resolved with 100% vote to liquidate the
…Invent Assets Securitization and Reconstruction Private Limited initiated Corporate Insolvency Resolution Process (CIRP) against Starlite Jewels Private Limited. The petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 was admitted by the Tribunal. Indrajit Mukherjee was appointed as the Interim Resolution Professional and later confirmed as Resolution Professional. Form-G was published twice to invite Expression of Interest (EOI) from resolution applicants, but no applications were received. The 270-day period for CIRP was nearing expiry on 2023-11-06, and an extension of 60 days was sought. The RP issued Form-G again on 2023-11-17. No prospective resolution applicants submitted EOI, and discussions with potential applicants were unfruitful. In the 9th
…Company Petit…
The Tribunal admitted…