The case involves an application filed by the Applicant/Liquidator seeking an order under Section 54 of the Insolvency and Bankruptcy Code, 2016, for the dissolution of the Corporate Debtor, Technic Projects Constructions Pvt. Ltd. The Adjudicating Authority initiated the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor on 06.12.2021, following a petition filed by the Financial Creditor under Section 9 of the Code. Mr. Dhanshyam K Patel was appointed as Interim Resolution Professional and later as Resolution Professional. Several CoC meetings were held, and Form G was published, but no EOI was received from any potential Resolution Applicant. The CoC decided to pursue direct dissolution due to the lack of credible records regarding assets and
…The Adjudicating Authority initiated CIRP against Technic Projects Constructions Pvt. Ltd. on 06.12.2021, based on a petition filed by the Financial Creditor under Section 9 of the Code. Dhanshyam K Patel was appointed as the Interim Resolution Professional and later as the Resolution Professional. Several CoC meetings were conducted, and Form G was published on 19.02.2022, but no Expression of Interest (EOI) was received from potential Resolution Applicants. The CoC, consisting of Operational Creditors, decided to pursue direct dissolution under Section 54 of the Code due to the lack of credible records regarding assets. The suspended Management did not file audited accounts after the financial year 2016-17. The accounts of the Corporate Debtor showed certain assets,
…Sign in to view the parties.
The Adjudicating Authority initiated the…
The first meeting of…
The case involves an application filed by the Applicant/Liquidator seeking an order under Section 54 of the Insolvency and Bankruptcy Code, 2016, for the dissolution of the Corporate Debtor, Technic Projects Constructions Pvt. Ltd. The Adjudicating Authority initiated the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor on 06.12.2021, following a petition filed by the Financial Creditor under Section 9 of the Code. Mr. Dhanshyam K Patel was appointed as Interim Resolution Professional and later as Resolution Professional. Several CoC meetings were held, and Form G was published, but no EOI was received from any potential Resolution Applicant. The CoC decided to pursue direct dissolution due to the lack of credible records regarding assets and
…The Adjudicating Authority initiated CIRP against Technic Projects Constructions Pvt. Ltd. on 06.12.2021, based on a petition filed by the Financial Creditor under Section 9 of the Code. Dhanshyam K Patel was appointed as the Interim Resolution Professional and later as the Resolution Professional. Several CoC meetings were conducted, and Form G was published on 19.02.2022, but no Expression of Interest (EOI) was received from potential Resolution Applicants. The CoC, consisting of Operational Creditors, decided to pursue direct dissolution under Section 54 of the Code due to the lack of credible records regarding assets. The suspended Management did not file audited accounts after the financial year 2016-17. The accounts of the Corporate Debtor showed certain assets,
…The Adjudicating Authority initiated the…
The first meeting of…