The case involves an application for the liquidation of Vindhyavasini Steel Products Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated against the company after State Bank of India, the 'Financial Creditors', filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016. Despite inviting Expression of Interest (EoI) from prospective resolution applicants, no successful resolution applicants were found. Consequently, the Committee of Creditors (CoC) resolved to initiate liquidation proceedings.
State Bank of India initiated Corporate Insolvency Resolution Process (CIRP) against Vindhyavasini Steel Products Private Limited by filing a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016. The petition was admitted by the Tribunal. An Interim Resolution Professional was appointed and later confirmed as Resolution Professional. The Resolution Professional published Form G, inviting Expression of Interest (EoI) from prospective resolution applicants. However, no successful resolution applicants emerged. The Committee of Creditors (CoC) then resolved to initiate liquidation proceedings against the Corporate Debtor with 100% voting. The application for liquidation was filed under Section 33(2) of the Insolvency and Bankruptcy Code, 2016. The Tribunal
…Sign in to view the parties.
C.P.(IB)-43(MB)/2020…
Tribunal admitted the…
The case involves an application for the liquidation of Vindhyavasini Steel Products Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated against the company after State Bank of India, the 'Financial Creditors', filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016. Despite inviting Expression of Interest (EoI) from prospective resolution applicants, no successful resolution applicants were found. Consequently, the Committee of Creditors (CoC) resolved to initiate liquidation proceedings.
State Bank of India initiated Corporate Insolvency Resolution Process (CIRP) against Vindhyavasini Steel Products Private Limited by filing a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016. The petition was admitted by the Tribunal. An Interim Resolution Professional was appointed and later confirmed as Resolution Professional. The Resolution Professional published Form G, inviting Expression of Interest (EoI) from prospective resolution applicants. However, no successful resolution applicants emerged. The Committee of Creditors (CoC) then resolved to initiate liquidation proceedings against the Corporate Debtor with 100% voting. The application for liquidation was filed under Section 33(2) of the Insolvency and Bankruptcy Code, 2016. The Tribunal
…C.P.(IB)-43(MB)/2020…
Tribunal admitted the…