Kosons Forest Products Private Limited filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against itself.
Kosons Forest Products Private Limited filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016.
The Corporate Applicant defaulted in payment to Indian Bank, and the loan was reassigned to Reliance Asset Reconstruction Company Limited.
The Corporate Applicant has two Financial Creditors and eight Operational creditors.
The members of the Corporate Applicant passed a resolution on 20 October 2021 to file the application under section 10 of the Code.
Mr. Neeraj Kejriwal was proposed as the Interim Resolution Professional (IRP) and submitted his written consent.
The Adjudicating Authority admitted the application and ordered the initiation of CIRP against the Corporate Debtor.
A moratorium was declared under Section 14 of the IBC.
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Kosons Forest Products Private Limited filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against itself.
Kosons Forest Products Private Limited filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016.
The Corporate Applicant defaulted in payment to Indian Bank, and the loan was reassigned to Reliance Asset Reconstruction Company Limited.
The Corporate Applicant has two Financial Creditors and eight Operational creditors.
The members of the Corporate Applicant passed a resolution on 20 October 2021 to file the application under section 10 of the Code.
Mr. Neeraj Kejriwal was proposed as the Interim Resolution Professional (IRP) and submitted his written consent.
The Adjudicating Authority admitted the application and ordered the initiation of CIRP against the Corporate Debtor.
A moratorium was declared under Section 14 of the IBC.
Date of hearin…
Order pronounc…