The case involves an application filed by State Bank of India (on behalf of the Stakeholder Consultation Committee) under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking the replacement of the current liquidator, Mr. Ramakant Gupta, of M/s Sujyot Infrastructure Private Limited, with Mr. Sachin Bhattbhatt. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor on 22.12.2021. An order for the initiation of the liquidation process was passed on 30.10.2023, and Mr. Ramakant Gupta was appointed as the liquidator as per IBBI Circular dated 18.07.2023.
The Corporate Debtor, M/s Sujyot Infrastructure Private Limited, was incorporated on June 17, 2011, and is engaged in the Construction and Civil Engineering business. An application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) was filed on 09.04.2019 by State Bank of India against the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was commenced against the Corporate Debtor vide order dated 22.12.2021. An Interlocutory Application No. 558 of 2022 was filed by the Resolution Professional (RP) for the initiation of the liquidation process, and the Tribunal passed an order for the initiation of the liquidation process on 30.10.2023. Mr. Ramakant Gupta was appointed as the liquidator as per IBBI Circular dated 18.07.2023. The
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M/s Sujyot Infrastructur…
State Bank of India filed an application under…
The case involves an application filed by State Bank of India (on behalf of the Stakeholder Consultation Committee) under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking the replacement of the current liquidator, Mr. Ramakant Gupta, of M/s Sujyot Infrastructure Private Limited, with Mr. Sachin Bhattbhatt. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor on 22.12.2021. An order for the initiation of the liquidation process was passed on 30.10.2023, and Mr. Ramakant Gupta was appointed as the liquidator as per IBBI Circular dated 18.07.2023.
The Corporate Debtor, M/s Sujyot Infrastructure Private Limited, was incorporated on June 17, 2011, and is engaged in the Construction and Civil Engineering business. An application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) was filed on 09.04.2019 by State Bank of India against the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was commenced against the Corporate Debtor vide order dated 22.12.2021. An Interlocutory Application No. 558 of 2022 was filed by the Resolution Professional (RP) for the initiation of the liquidation process, and the Tribunal passed an order for the initiation of the liquidation process on 30.10.2023. Mr. Ramakant Gupta was appointed as the liquidator as per IBBI Circular dated 18.07.2023. The
…M/s Sujyot Infrastructur…
State Bank of India filed an application under…