The application I.A./4037/ND/2023 was filed by Mr. Ashok Kumar Gupta, the Resolution Professional of M/s. Vee Ess Jewellers Limited, seeking liquidation of the Corporate Debtor under Section 33 of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated against Vee Ess Jewellers Limited vide an order dated 24.01.2023. Mr. Ashok Kumar Gupta was appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional. A public announcement was made, inviting claims from the public. The Committee of Creditors (CoC) was constituted with State Bank of India and ICICI Bank as members. The CoC, in its meetings, noted the absence of assets, the non-operation of the Corporate Debtor, and the absconding
…The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s. Vee Ess Jewellers Limited based on an application filed by State Bank of India. Ashok Kumar Gupta was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The Committee of Creditors (CoC) was formed, consisting of State Bank of India and ICICI Bank. The CoC held several meetings and noted that the Corporate Debtor had no assets, was not maintaining its office, and its promoter was absconding. An invitation for expression of interest was published, but no interest was received. The CoC decided to proceed with the liquidation of the Corporate Debtor under Section 33 of the Insolvency and Bankruptcy Code, 2016. The CoC also resolved to
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Corporate Insolvency Resolution Process…
The first meeting of…
The application I.A./4037/ND/2023 was filed by Mr. Ashok Kumar Gupta, the Resolution Professional of M/s. Vee Ess Jewellers Limited, seeking liquidation of the Corporate Debtor under Section 33 of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated against Vee Ess Jewellers Limited vide an order dated 24.01.2023. Mr. Ashok Kumar Gupta was appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional. A public announcement was made, inviting claims from the public. The Committee of Creditors (CoC) was constituted with State Bank of India and ICICI Bank as members. The CoC, in its meetings, noted the absence of assets, the non-operation of the Corporate Debtor, and the absconding
…The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s. Vee Ess Jewellers Limited based on an application filed by State Bank of India. Ashok Kumar Gupta was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The Committee of Creditors (CoC) was formed, consisting of State Bank of India and ICICI Bank. The CoC held several meetings and noted that the Corporate Debtor had no assets, was not maintaining its office, and its promoter was absconding. An invitation for expression of interest was published, but no interest was received. The CoC decided to proceed with the liquidation of the Corporate Debtor under Section 33 of the Insolvency and Bankruptcy Code, 2016. The CoC also resolved to
…Corporate Insolvency Resolution Process…
The first meeting of…