The case involves the insolvency resolution process of a corporate debtor, Ujwal Electrical Stampings Pvt Ltd. The resolution professional (RP) filed an application, and despite Form G being published twice, no resolution plan was received. The Committee of Creditors (CoC) consisted of Ahmednagar Merchants Co-Operative Bank Limited and SIDBI. The CoC resolved in its 7th meeting to seek liquidation of the Corporate Debtor. An application for liquidation was filed on 15.06.2021.
Ujwal Electrical Stampings Pvt Ltd underwent Corporate Insolvency Resolution Process (CIRP). The Resolution Professional (RP) published Form G twice, but no resolution plan was received. The Committee of Creditors (CoC) comprised Ahmednagar Merchants Co-Operative Bank Limited and SIDBI. The CoC resolved to seek liquidation in its 7th meeting. An application for liquidation was filed on 15.06.2021. One of the CoC members filed IA/1122(MB)2022 seeking to nominate Mr. Manoj Kumar Mishra as liquidator instead of Mr. Fanendra H. Munot. The application for liquidation was filed on 15.06.2021. The RP complied with the procedure under the Insolvency & Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. IA/2307(MB)2020 sought
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The case involves the insolvency resolution process of a corporate debtor, Ujwal Electrical Stampings Pvt Ltd. The resolution professional (RP) filed an application, and despite Form G being published twice, no resolution plan was received. The Committee of Creditors (CoC) consisted of Ahmednagar Merchants Co-Operative Bank Limited and SIDBI. The CoC resolved in its 7th meeting to seek liquidation of the Corporate Debtor. An application for liquidation was filed on 15.06.2021.
Ujwal Electrical Stampings Pvt Ltd underwent Corporate Insolvency Resolution Process (CIRP). The Resolution Professional (RP) published Form G twice, but no resolution plan was received. The Committee of Creditors (CoC) comprised Ahmednagar Merchants Co-Operative Bank Limited and SIDBI. The CoC resolved to seek liquidation in its 7th meeting. An application for liquidation was filed on 15.06.2021. One of the CoC members filed IA/1122(MB)2022 seeking to nominate Mr. Manoj Kumar Mishra as liquidator instead of Mr. Fanendra H. Munot. The application for liquidation was filed on 15.06.2021. The RP complied with the procedure under the Insolvency & Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. IA/2307(MB)2020 sought
…Order of admis…
Applicatio…