Tata Capital Limited initiated Corporate Insolvency Resolution Process (CIRP) against Glory Furnishers Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016.
Tata Capital Limited filed a petition against Glory Furnishers Private Limited under Section 7 of the IBC, leading to the initiation of CIRP.
Mr. Vikky Dang was initially appointed as the Interim Resolution Professional (IRP).
The CoC appointed Mr. Vikky Dang as the Resolution Professional (RP).
Form G was published, but no resolution plan was received.
The Adjudicating Authority granted a 90-day extension to the CIRP, extending the process until 17.12.2024.
The CoC voted 100% in favor of liquidating the Corporate Debtor.
The CoC proposed Mr. Vikky Dang as the Liquidator.
The CoC resolved to contribute towards the liquidation cost, estimated at Rs. 9 Lakh (excluding liquidator fee).
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Adjudicating Authority…
1st CoC meeting held;…
Tata Capital Limited initiated Corporate Insolvency Resolution Process (CIRP) against Glory Furnishers Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016.
Tata Capital Limited filed a petition against Glory Furnishers Private Limited under Section 7 of the IBC, leading to the initiation of CIRP.
Mr. Vikky Dang was initially appointed as the Interim Resolution Professional (IRP).
The CoC appointed Mr. Vikky Dang as the Resolution Professional (RP).
Form G was published, but no resolution plan was received.
The Adjudicating Authority granted a 90-day extension to the CIRP, extending the process until 17.12.2024.
The CoC voted 100% in favor of liquidating the Corporate Debtor.
The CoC proposed Mr. Vikky Dang as the Liquidator.
The CoC resolved to contribute towards the liquidation cost, estimated at Rs. 9 Lakh (excluding liquidator fee).
…Adjudicating Authority…
1st CoC meeting held;…