The case involves an application filed under Section 54 of the Insolvency and Bankruptcy Code, 2016, by Mr. Vimal Kumar Agarwal, the Resolution Professional, seeking the dissolution of Suchetan Exports Pvt. Ltd., the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated against Suchetan Exports Pvt. Ltd. following a petition filed by the Operational Creditor under Section 9 of the Code. Vimal Kumar Agarwal was initially appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). An order under Section 33(2) was passed, allowing the Debtor Company to be liquidated, and the Applicant was appointed as the Liquidator.
Mehta Intertrade Steel Pvt. Ltd. initiated proceedings against Suchetan Exports Pvt. Ltd. under Section 9 of the Insolvency and Bankruptcy Code, 2016, leading to the Corporate Insolvency Resolution Process (CIRP). Vimal Kumar Agarwal was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). The Adjudicating Authority ordered the initiation of CIRP on 2018-10-09. Subsequently, an order was passed on 2019-12-05, allowing the Debtor Company to be liquidated, and Vimal Kumar Agarwal was appointed as the Liquidator. The Liquidator made public announcements and formed a Stakeholder Consultation Committee. The company's assets were minimal, consisting mainly of cash and bank balances. The estimated value of assets and
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The case involves an application filed under Section 54 of the Insolvency and Bankruptcy Code, 2016, by Mr. Vimal Kumar Agarwal, the Resolution Professional, seeking the dissolution of Suchetan Exports Pvt. Ltd., the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated against Suchetan Exports Pvt. Ltd. following a petition filed by the Operational Creditor under Section 9 of the Code. Vimal Kumar Agarwal was initially appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). An order under Section 33(2) was passed, allowing the Debtor Company to be liquidated, and the Applicant was appointed as the Liquidator.
Mehta Intertrade Steel Pvt. Ltd. initiated proceedings against Suchetan Exports Pvt. Ltd. under Section 9 of the Insolvency and Bankruptcy Code, 2016, leading to the Corporate Insolvency Resolution Process (CIRP). Vimal Kumar Agarwal was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). The Adjudicating Authority ordered the initiation of CIRP on 2018-10-09. Subsequently, an order was passed on 2019-12-05, allowing the Debtor Company to be liquidated, and Vimal Kumar Agarwal was appointed as the Liquidator. The Liquidator made public announcements and formed a Stakeholder Consultation Committee. The company's assets were minimal, consisting mainly of cash and bank balances. The estimated value of assets and
…The Adjudicating Authority directed the…
An order was passed…