The case pertains to the Corporate Insolvency Resolution Process (CIRP) of Thiruchitambalam Project Limited. The CIRP commenced on 2021-09-02. The Resolution Professional (RP) filed an application seeking liquidation of the Corporate Debtor under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016. Public announcement was made on 2021-09-15. The Committee of Creditors (CoC) comprised a sole Operational Creditor. Several CoC meetings were adjourned due to the absence of the sole CoC member. The RP received a defective Form-FA from the suspended director. The CIRP period ended on 2022-07-26, and the application for liquidation was filed on 2022-08-16. The Tribunal directed the RP to serve a copy of the application to the erstwhile management, but none
…The Corporate Insolvency Resolution Process (CIRP) of Thiruchitambalam Project Limited commenced on 2021-09-02. G. Mukundan was appointed as the Resolution Professional (RP). A public announcement was made on 2021-09-15. The Committee of Creditors (CoC) comprised a sole Operational Creditor. Several CoC meetings were adjourned due to the absence of the sole CoC member. The RP received a defective Form-FA from the suspended director on 2022-08-06. The CIRP period ended on 2022-07-26. The RP filed an application for liquidation on 2022-08-16. The Tribunal directed the RP to serve a copy of the application to the erstwhile management, but none represented them during the final hearing. No resolution plan was received, and no application was filed seeking an extension of
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Corporate Insolvency…
Public announcement was…
The case pertains to the Corporate Insolvency Resolution Process (CIRP) of Thiruchitambalam Project Limited. The CIRP commenced on 2021-09-02. The Resolution Professional (RP) filed an application seeking liquidation of the Corporate Debtor under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016. Public announcement was made on 2021-09-15. The Committee of Creditors (CoC) comprised a sole Operational Creditor. Several CoC meetings were adjourned due to the absence of the sole CoC member. The RP received a defective Form-FA from the suspended director. The CIRP period ended on 2022-07-26, and the application for liquidation was filed on 2022-08-16. The Tribunal directed the RP to serve a copy of the application to the erstwhile management, but none
…The Corporate Insolvency Resolution Process (CIRP) of Thiruchitambalam Project Limited commenced on 2021-09-02. G. Mukundan was appointed as the Resolution Professional (RP). A public announcement was made on 2021-09-15. The Committee of Creditors (CoC) comprised a sole Operational Creditor. Several CoC meetings were adjourned due to the absence of the sole CoC member. The RP received a defective Form-FA from the suspended director on 2022-08-06. The CIRP period ended on 2022-07-26. The RP filed an application for liquidation on 2022-08-16. The Tribunal directed the RP to serve a copy of the application to the erstwhile management, but none represented them during the final hearing. No resolution plan was received, and no application was filed seeking an extension of
…Corporate Insolvency…
Public announcement was…