The Adjudicating Authority admitted an Insolvency Application filed by Apollo Pipes Limited against Tonk Water Supply Limited, initiating the Corporate Insolvency Resolution Process (CIRP). Mr. Amit Agrawal was appointed as the Interim Resolution Professional (IRP). Subsequently, the Resolution Professional (RP) filed an application seeking liquidation of the Corporate Debtor and appointment of the Applicant/RP as liquidator under Section 33(2) of the IBC, 2016. The Committee of Creditors (CoC) resolved to liquidate the Corporate Debtor due to the failure to receive a resolution plan despite multiple attempts to invite expressions of interest. The CoC approved the appointment of Mr. Amit Gupta as the liquidator.
Apollo Pipes Private Limited filed an insolvency application against Tonk Water Supply Limited under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The application was admitted, and the Corporate Insolvency Resolution Process (CIRP) commenced. Mr. Amit Agrawal was appointed as the Interim Resolution Professional (IRP). The IRP was later confirmed as the Resolution Professional (RP). The RP invited expressions of interest (EOI) by publishing Form-G in various newspapers. Despite multiple attempts, no resolution plan was received. The Committee of Creditors (CoC) decided to liquidate Tonk Water Supply Limited due to the absence of a viable resolution plan. The CoC approved the appointment of Mr. Amit Gupta as the liquidator. The RP then filed an application
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The application under…
Mr. Amit Agrawal was…
The Adjudicating Authority admitted an Insolvency Application filed by Apollo Pipes Limited against Tonk Water Supply Limited, initiating the Corporate Insolvency Resolution Process (CIRP). Mr. Amit Agrawal was appointed as the Interim Resolution Professional (IRP). Subsequently, the Resolution Professional (RP) filed an application seeking liquidation of the Corporate Debtor and appointment of the Applicant/RP as liquidator under Section 33(2) of the IBC, 2016. The Committee of Creditors (CoC) resolved to liquidate the Corporate Debtor due to the failure to receive a resolution plan despite multiple attempts to invite expressions of interest. The CoC approved the appointment of Mr. Amit Gupta as the liquidator.
Apollo Pipes Private Limited filed an insolvency application against Tonk Water Supply Limited under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The application was admitted, and the Corporate Insolvency Resolution Process (CIRP) commenced. Mr. Amit Agrawal was appointed as the Interim Resolution Professional (IRP). The IRP was later confirmed as the Resolution Professional (RP). The RP invited expressions of interest (EOI) by publishing Form-G in various newspapers. Despite multiple attempts, no resolution plan was received. The Committee of Creditors (CoC) decided to liquidate Tonk Water Supply Limited due to the absence of a viable resolution plan. The CoC approved the appointment of Mr. Amit Gupta as the liquidator. The RP then filed an application
…The application under…
Mr. Amit Agrawal was…