The case involves an application filed under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, by Mr. Mukesh Khathuria, the Resolution Professional (RP) of Staunch Natural Resources Private Limited, seeking a liquidation order and the appointment of a liquidator. This application is based on a resolution passed by the Committee of Creditors (CoC) during its second meeting on July 20, 2022. The Corporate Insolvency Resolution Process (CIRP) was initiated after the Tribunal admitted CP(IB)518(MB)/2018 on June 10, 2022. The RP was appointed after the initiation of CIRP.
The Resolution Professional (RP), Mr. Mukesh Khathuria, filed an application under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of Staunch Natural Resources Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated on June 10, 2022. The RP was appointed after the initiation of CIRP. The Committee of Creditors (CoC), with Union Bank of India as the sole financial creditor, decided to liquidate the Corporate Debtor due to its non-operational status and lack of revival prospects. The CoC held its first meeting on July 22, 2022, and the second meeting on December 21, 2022. The RP informed the CoC that the company was no longer in operation and its office premises were closed for the last three years. The RP also
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Filing of CP(…
The Tribunal admitted CP(IB)518(MB)/2018 and…
The case involves an application filed under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, by Mr. Mukesh Khathuria, the Resolution Professional (RP) of Staunch Natural Resources Private Limited, seeking a liquidation order and the appointment of a liquidator. This application is based on a resolution passed by the Committee of Creditors (CoC) during its second meeting on July 20, 2022. The Corporate Insolvency Resolution Process (CIRP) was initiated after the Tribunal admitted CP(IB)518(MB)/2018 on June 10, 2022. The RP was appointed after the initiation of CIRP.
The Resolution Professional (RP), Mr. Mukesh Khathuria, filed an application under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of Staunch Natural Resources Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated on June 10, 2022. The RP was appointed after the initiation of CIRP. The Committee of Creditors (CoC), with Union Bank of India as the sole financial creditor, decided to liquidate the Corporate Debtor due to its non-operational status and lack of revival prospects. The CoC held its first meeting on July 22, 2022, and the second meeting on December 21, 2022. The RP informed the CoC that the company was no longer in operation and its office premises were closed for the last three years. The RP also
…Filing of CP(…
The Tribunal admitted CP(IB)518(MB)/2018 and…