The case pertains to an application filed by the Resolution Professional under Section 33(1) of the Insolvency and Bankruptcy Code, 2016, seeking directions for the liquidation of the Corporate Debtor, M/s. Tybros (India) Tours Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated following an application filed by the Financial Creditor, M/s. Modern Credit Pvt. Ltd., under Section 7 of the Code. The application was admitted by the Tribunal on 04.12.2019, leading to the appointment of Mr. Sunil Kumar Agrawal as the Interim Resolution Professional (IRP). Public announcements were made, and a Committee of Creditors (CoC) was constituted. The CoC decided to appoint Mr. Sunil Kumar Agrawal as the RP.
M/s. Modern Credit Pvt. Ltd., a financial creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Tybros (India) Tours Private Limited, the corporate debtor. The Tribunal admitted the application on 04.12.2019, initiating CIRP and appointing Mr. Sunil Kumar Agrawal as the Interim Resolution Professional (IRP). Public announcements were made, and a Committee of Creditors (CoC) was formed. The CoC, in its second meeting on 01.01.2020, appointed Mr. Sunil Kumar Agrawal as the Resolution Professional (RP). No resolution plans were received by 17.04.2020, partly due to Covid-19 lockdowns. The CoC, in its fourth meeting on 16.10.2020, resolved for liquidation
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M/s. Modern Credit Pvt. Ltd. filed an…
The Tribunal admitted…
The case pertains to an application filed by the Resolution Professional under Section 33(1) of the Insolvency and Bankruptcy Code, 2016, seeking directions for the liquidation of the Corporate Debtor, M/s. Tybros (India) Tours Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated following an application filed by the Financial Creditor, M/s. Modern Credit Pvt. Ltd., under Section 7 of the Code. The application was admitted by the Tribunal on 04.12.2019, leading to the appointment of Mr. Sunil Kumar Agrawal as the Interim Resolution Professional (IRP). Public announcements were made, and a Committee of Creditors (CoC) was constituted. The CoC decided to appoint Mr. Sunil Kumar Agrawal as the RP.
M/s. Modern Credit Pvt. Ltd., a financial creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Tybros (India) Tours Private Limited, the corporate debtor. The Tribunal admitted the application on 04.12.2019, initiating CIRP and appointing Mr. Sunil Kumar Agrawal as the Interim Resolution Professional (IRP). Public announcements were made, and a Committee of Creditors (CoC) was formed. The CoC, in its second meeting on 01.01.2020, appointed Mr. Sunil Kumar Agrawal as the Resolution Professional (RP). No resolution plans were received by 17.04.2020, partly due to Covid-19 lockdowns. The CoC, in its fourth meeting on 16.10.2020, resolved for liquidation
…M/s. Modern Credit Pvt. Ltd. filed an…
The Tribunal admitted…