TJSB Sahakari Bank Limited, the Financial Creditor (FC), filed an application under Section 33(3) of the Insolvency and Bankruptcy Code, 2016, seeking an order of liquidation against V-Accurate Management Service Pvt. Ltd., the Corporate Debtor (CD). The application was filed pursuant to a resolution passed in the 1st meeting of the Monitoring Committee held on 14.08.2024. The Corporate Insolvency Resolution Process (CIRP) against the CD was initiated via CP No. (IB)-(MB) 1359/2019, which was admitted by the Tribunal on 09.03.2021. Mr. Ritesh R. Mahajan was appointed as Interim Resolution Professional (IRP). The IRP published Form A as per Regulation 6 of the Insolvency Resolution Process for Corporate Persons Regulations, 2016, on 11.03.2021. A Committee of Creditors
…TJSB Sahakari Bank Limited, the Financial Creditor (FC), initiated Corporate Insolvency Resolution Process (CIRP) against V-Accurate Management Service Pvt. Ltd., the Corporate Debtor (CD), under CP No. (IB)-(MB) 1359/2019, which was admitted on 09.03.2021. Mr. Ritesh R. Mahajan was appointed as Interim Resolution Professional (IRP). After the formation of the Committee of Creditors (CoC), the IRP was approved as Resolution Professional (RP). The RP prepared an Information Memorandum (IM) and circulated it to the CoC. The CoC approved eligibility criteria for Prospective Resolution Applicants (PRAs). Mr. Ranjit Jagtap emerged as the Successful Resolution Applicant (SRA) with an approved Resolution Plan. The SRA was required to pay the CIRP cost and the first tranche of
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CP(IB)No. 1359/MB/CII/20…
Tribunal admitted CP…
TJSB Sahakari Bank Limited, the Financial Creditor (FC), filed an application under Section 33(3) of the Insolvency and Bankruptcy Code, 2016, seeking an order of liquidation against V-Accurate Management Service Pvt. Ltd., the Corporate Debtor (CD). The application was filed pursuant to a resolution passed in the 1st meeting of the Monitoring Committee held on 14.08.2024. The Corporate Insolvency Resolution Process (CIRP) against the CD was initiated via CP No. (IB)-(MB) 1359/2019, which was admitted by the Tribunal on 09.03.2021. Mr. Ritesh R. Mahajan was appointed as Interim Resolution Professional (IRP). The IRP published Form A as per Regulation 6 of the Insolvency Resolution Process for Corporate Persons Regulations, 2016, on 11.03.2021. A Committee of Creditors
…TJSB Sahakari Bank Limited, the Financial Creditor (FC), initiated Corporate Insolvency Resolution Process (CIRP) against V-Accurate Management Service Pvt. Ltd., the Corporate Debtor (CD), under CP No. (IB)-(MB) 1359/2019, which was admitted on 09.03.2021. Mr. Ritesh R. Mahajan was appointed as Interim Resolution Professional (IRP). After the formation of the Committee of Creditors (CoC), the IRP was approved as Resolution Professional (RP). The RP prepared an Information Memorandum (IM) and circulated it to the CoC. The CoC approved eligibility criteria for Prospective Resolution Applicants (PRAs). Mr. Ranjit Jagtap emerged as the Successful Resolution Applicant (SRA) with an approved Resolution Plan. The SRA was required to pay the CIRP cost and the first tranche of
…CP(IB)No. 1359/MB/CII/20…
Tribunal admitted CP…