The case pertains to IA(IBC)/1661(CHE)/2023 filed in CP/152/CHE/2021, concerning M/s. Vrone Energy Private Limited. The Corporate Debtor, M/s. Vrone Energy Private Limited, was admitted into the Corporate Insolvency Resolution Process (CIRP) vide an order dated 13.12.2022. Mr. Rakesh Bothra was appointed as the Interim Resolution Professional. The Committee of Creditors (CoC) decided to liquidate the Corporate Debtor with 100% voting during its 3rd CoC Meeting held on 26.04.2023 due to inadequate assets and no prospect of continuing the CIRP. The Applicant/RP submitted FORM-H as per Regulation 39 (4) of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations 2016.
M/s. Vrone Energy Private Limited was admitted into Corporate Insolvency Resolution Process (CIRP) on 2022-12-13. Rakesh Bothra was appointed as the Interim Resolution Professional. The Corporate Debtor had no commercial operations, and its sole asset, a car, was sold during the moratorium period. The Committee of Creditors (CoC) resolved to liquidate the Corporate Debtor with 100% voting during its meeting on 2023-04-26, citing inadequate assets and no prospect of resolution. An application under Section 14 was pending adjudication. Other assets included investments in subsidiaries for which documents were not produced by the suspended director. An application under Section 19(2) was also pending against the suspended director. The proposed liquidator, Rakesh Bothra,
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M/s. Vrone Energy Private Limited was…
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The case pertains to IA(IBC)/1661(CHE)/2023 filed in CP/152/CHE/2021, concerning M/s. Vrone Energy Private Limited. The Corporate Debtor, M/s. Vrone Energy Private Limited, was admitted into the Corporate Insolvency Resolution Process (CIRP) vide an order dated 13.12.2022. Mr. Rakesh Bothra was appointed as the Interim Resolution Professional. The Committee of Creditors (CoC) decided to liquidate the Corporate Debtor with 100% voting during its 3rd CoC Meeting held on 26.04.2023 due to inadequate assets and no prospect of continuing the CIRP. The Applicant/RP submitted FORM-H as per Regulation 39 (4) of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations 2016.
M/s. Vrone Energy Private Limited was admitted into Corporate Insolvency Resolution Process (CIRP) on 2022-12-13. Rakesh Bothra was appointed as the Interim Resolution Professional. The Corporate Debtor had no commercial operations, and its sole asset, a car, was sold during the moratorium period. The Committee of Creditors (CoC) resolved to liquidate the Corporate Debtor with 100% voting during its meeting on 2023-04-26, citing inadequate assets and no prospect of resolution. An application under Section 14 was pending adjudication. Other assets included investments in subsidiaries for which documents were not produced by the suspended director. An application under Section 19(2) was also pending against the suspended director. The proposed liquidator, Rakesh Bothra,
…M/s. Vrone Energy Private Limited was…
Public announ…