An application was filed under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking the initiation of liquidation proceedings for Angaraj Vanijya Private Limited (AVPL). The Resolution Professional (RP) filed the application based on the decision of the Committee of Creditors (CoC) due to the lack of any possibility of resolution.
The application was filed under Section 33(2) of the Insolvency and Bankruptcy Code, 2016.
The CoC decided to liquidate the Corporate Debtor due to the absence of any operational business or assets.
The third meeting of the CoC held on 03.01.2025 concluded that there was no possibility of resolution.
The fourth meeting of the CoC dated 14th February 2025 deliberated on initiating liquidation.
The Tribunal appointed Mr. Bishwanath Choudhary as Interim Resolution Professional on 24.10.2024.
Mr. Bishwanath Choudhary was appointed as Resolution Professional (RP) on 28.11.2024.
Mr. Santanu Brahma was appointed as Liquidator.
The IBBI circular debars the same RP from being appointed as Liquidator.
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Mr. Bishwanath…
Mr. Bishwanath…
An application was filed under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking the initiation of liquidation proceedings for Angaraj Vanijya Private Limited (AVPL). The Resolution Professional (RP) filed the application based on the decision of the Committee of Creditors (CoC) due to the lack of any possibility of resolution.
The application was filed under Section 33(2) of the Insolvency and Bankruptcy Code, 2016.
The CoC decided to liquidate the Corporate Debtor due to the absence of any operational business or assets.
The third meeting of the CoC held on 03.01.2025 concluded that there was no possibility of resolution.
The fourth meeting of the CoC dated 14th February 2025 deliberated on initiating liquidation.
The Tribunal appointed Mr. Bishwanath Choudhary as Interim Resolution Professional on 24.10.2024.
Mr. Bishwanath Choudhary was appointed as Resolution Professional (RP) on 28.11.2024.
Mr. Santanu Brahma was appointed as Liquidator.
The IBBI circular debars the same RP from being appointed as Liquidator.
Mr. Bishwanath…
Mr. Bishwanath…