The application I.A. No. 728/2020 was filed by the Resolution Professional, Rajender Kumar Girdhar, seeking liquidation of Trump Impex Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor after the petition filed by Dena Bank (now merged with Bank of Baroda) was admitted on 27.06.2019. The applicant was appointed as the Interim Resolution Professional of the Corporate Debtor. The Resolution Professional received requests from two interested parties after the publication of FORM-G, but no resolution plan was submitted. The applicant requested an extension for submission of EOI, which was not approved by two members of the CoC. In the fourth CoC meeting, the members proposed an extension of the CIRP, but it was
…The Resolution Professional, Rajender Kumar Girdhar, filed I.A. No. 728/2020 seeking liquidation of Trump Impex Private Limited. The CIRP was initiated following the admission of a petition filed by Dena Bank (now merged with Bank of Baroda) on 27.06.2019. The Resolution Professional received requests from ANA ARC Private Limited and Luvkush Corporation Pvt. Ltd. after FORM-G publication, but no resolution plan was submitted. An extension for EOI submission was requested but not approved by Union Bank of India and Axis Bank Limited. The CoC proposed an extension of the CIRP by 90 days, which was not approved. Consequently, the CoC passed a resolution for liquidation with 100% voting on 18.02.2020. The Resolution Professional expressed unwillingness to act as the
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The petition filed by Dena Bank (now merged…
The Applicant requested the members of CoC to…
The application I.A. No. 728/2020 was filed by the Resolution Professional, Rajender Kumar Girdhar, seeking liquidation of Trump Impex Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor after the petition filed by Dena Bank (now merged with Bank of Baroda) was admitted on 27.06.2019. The applicant was appointed as the Interim Resolution Professional of the Corporate Debtor. The Resolution Professional received requests from two interested parties after the publication of FORM-G, but no resolution plan was submitted. The applicant requested an extension for submission of EOI, which was not approved by two members of the CoC. In the fourth CoC meeting, the members proposed an extension of the CIRP, but it was
…The Resolution Professional, Rajender Kumar Girdhar, filed I.A. No. 728/2020 seeking liquidation of Trump Impex Private Limited. The CIRP was initiated following the admission of a petition filed by Dena Bank (now merged with Bank of Baroda) on 27.06.2019. The Resolution Professional received requests from ANA ARC Private Limited and Luvkush Corporation Pvt. Ltd. after FORM-G publication, but no resolution plan was submitted. An extension for EOI submission was requested but not approved by Union Bank of India and Axis Bank Limited. The CoC proposed an extension of the CIRP by 90 days, which was not approved. Consequently, the CoC passed a resolution for liquidation with 100% voting on 18.02.2020. The Resolution Professional expressed unwillingness to act as the
…The petition filed by Dena Bank (now merged…
The Applicant requested the members of CoC to…