The case involves an application for the dissolution of a Corporate Debtor, M/s Stone Export House Private Limited, under Section 54 of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor following a petition filed by an Operational Creditor under Section 9 of the Code. An Interim Resolution Professional (IRP), Mr. Pravin Navandar, was appointed. The IRP faced difficulties in tracing the Suspended Directors and locating the Corporate Debtor's office. The last available financial records were the Audited Balance Sheet for F.Y. 2016-17. Due to the lack of information, the CIRP was at a standstill. The Adjudicating Authority suggested moving forward with the Liquidation/Early Dissolution
…The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s Stone Export House Private Limited following a petition by an Operational Creditor under Section 9 of the Insolvency and Bankruptcy Code (IBC). Mr. Pravin Navandar was appointed as the Interim Resolution Professional (IRP). The IRP faced difficulties in tracing the Suspended Directors and locating the Corporate Debtor's office. The last available financial records were the Audited Balance Sheet for F.Y. 2016-17. The Committee of Creditors (CoC) approved the liquidation/dissolution of the Corporate Debtor. The IRP had 3 meetings of CoC, verified 5 claims received from operational and financial creditors, filed one IA for co-operation u/s 19(2) and has filed present application for dissolution.
…Sign in to view the parties.
The Adjudicating Authority passed an order…
3rd CoC meeting was held to decide upon the…
The case involves an application for the dissolution of a Corporate Debtor, M/s Stone Export House Private Limited, under Section 54 of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor following a petition filed by an Operational Creditor under Section 9 of the Code. An Interim Resolution Professional (IRP), Mr. Pravin Navandar, was appointed. The IRP faced difficulties in tracing the Suspended Directors and locating the Corporate Debtor's office. The last available financial records were the Audited Balance Sheet for F.Y. 2016-17. Due to the lack of information, the CIRP was at a standstill. The Adjudicating Authority suggested moving forward with the Liquidation/Early Dissolution
…The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s Stone Export House Private Limited following a petition by an Operational Creditor under Section 9 of the Insolvency and Bankruptcy Code (IBC). Mr. Pravin Navandar was appointed as the Interim Resolution Professional (IRP). The IRP faced difficulties in tracing the Suspended Directors and locating the Corporate Debtor's office. The last available financial records were the Audited Balance Sheet for F.Y. 2016-17. The Committee of Creditors (CoC) approved the liquidation/dissolution of the Corporate Debtor. The IRP had 3 meetings of CoC, verified 5 claims received from operational and financial creditors, filed one IA for co-operation u/s 19(2) and has filed present application for dissolution.
…The Adjudicating Authority passed an order…
3rd CoC meeting was held to decide upon the…