Reliance Broadcast Network Limited initiated Corporate Insolvency Resolution Process (CIRP) against Yescom India Softech Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. The application was admitted on May 1, 2023. An Interim Resolution Professional (IRP), Mr. S. V. Ramani, was appointed. Public announcement was made inviting claims from creditors. Despite communications, the suspended directors of the Corporate Debtor did not provide necessary documents or attend meetings. The IRP filed an application for non-cooperation. The Committee of Creditors (CoC) approved the appointment of Mr. S. V. Ramani as the Resolution Professional. A settlement proposal was made but not fulfilled. The CoC decided to liquidate the Corporate Debtor. The
…Reliance Broadcast Network Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Yescom India Softech Private Limited (Corporate Debtor). The application was admitted on May 1, 2023, and Mr. S. V. Ramani was appointed as the Interim Resolution Professional (IRP). A public announcement was made on May 19, 2023, inviting claims from creditors. The Committee of Creditors (CoC) was formed with Reliance Broadcast Network Limited as the sole member, holding 100% voting share. Despite communications, the suspended directors of the Corporate Debtor did not provide necessary documents or attend meetings. The IRP filed an application for non-cooperation.
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The case C.P. (IB)/618(KB)2020 was filed…
The application bearing…
Reliance Broadcast Network Limited initiated Corporate Insolvency Resolution Process (CIRP) against Yescom India Softech Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. The application was admitted on May 1, 2023. An Interim Resolution Professional (IRP), Mr. S. V. Ramani, was appointed. Public announcement was made inviting claims from creditors. Despite communications, the suspended directors of the Corporate Debtor did not provide necessary documents or attend meetings. The IRP filed an application for non-cooperation. The Committee of Creditors (CoC) approved the appointment of Mr. S. V. Ramani as the Resolution Professional. A settlement proposal was made but not fulfilled. The CoC decided to liquidate the Corporate Debtor. The
…Reliance Broadcast Network Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Yescom India Softech Private Limited (Corporate Debtor). The application was admitted on May 1, 2023, and Mr. S. V. Ramani was appointed as the Interim Resolution Professional (IRP). A public announcement was made on May 19, 2023, inviting claims from creditors. The Committee of Creditors (CoC) was formed with Reliance Broadcast Network Limited as the sole member, holding 100% voting share. Despite communications, the suspended directors of the Corporate Debtor did not provide necessary documents or attend meetings. The IRP filed an application for non-cooperation.
…The case C.P. (IB)/618(KB)2020 was filed…
The application bearing…