The case involves an application filed by the Resolution Professional, Mr. Naren Sheth, seeking liquidation of the Corporate Debtor, Vindhyavasini Buildcon Private Limited, under Section 33 of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor after the Company Petition filed by State Bank of India under Section 7 of the Code was admitted. The Resolution Professional convened a CoC meeting where liquidation was discussed due to the absence of resolution plans and assets.
The Resolution Professional, Mr. Naren Sheth, filed an application seeking liquidation of Vindhyavasini Buildcon Private Limited under Section 33 of the Insolvency and Bankruptcy Code, 2016. The CIRP was initiated following the admission of a Company Petition filed by State Bank of India under Section 7 of the Code. The Tribunal had ordered CIRP on 2023-07-11. A public announcement was issued on 2023-07-14, calling upon creditors to file their claims. An Invitation for Expression of Interest (EoI) was issued on 2023-09-10, and two EoIs were received. The Resolution Professional convened a CoC meeting on 2023-11-17, where liquidation was discussed due to the absence of resolution plans and assets. The CoC approved the liquidation with a 100% majority, with e-voting
…Sign in to view the parties.
Tribunal orders CIRP…
Public announcement…
The case involves an application filed by the Resolution Professional, Mr. Naren Sheth, seeking liquidation of the Corporate Debtor, Vindhyavasini Buildcon Private Limited, under Section 33 of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor after the Company Petition filed by State Bank of India under Section 7 of the Code was admitted. The Resolution Professional convened a CoC meeting where liquidation was discussed due to the absence of resolution plans and assets.
The Resolution Professional, Mr. Naren Sheth, filed an application seeking liquidation of Vindhyavasini Buildcon Private Limited under Section 33 of the Insolvency and Bankruptcy Code, 2016. The CIRP was initiated following the admission of a Company Petition filed by State Bank of India under Section 7 of the Code. The Tribunal had ordered CIRP on 2023-07-11. A public announcement was issued on 2023-07-14, calling upon creditors to file their claims. An Invitation for Expression of Interest (EoI) was issued on 2023-09-10, and two EoIs were received. The Resolution Professional convened a CoC meeting on 2023-11-17, where liquidation was discussed due to the absence of resolution plans and assets. The CoC approved the liquidation with a 100% majority, with e-voting
…Tribunal orders CIRP…
Public announcement…