B.K. Roy Private Limited (Corporate Debtor) was admitted into Corporate Insolvency Resolution Process (CIRP) on 27.11.2024, with CA Avishek Gupta appointed as the Interim Resolution Professional (IRP). A public announcement was made, and claims were received from financial creditors (Canara Bank, Bajaj Finance Limited) and operational creditors (including Eastern Railway). Mahesh Chand Gupta was subsequently appointed as the Resolution Professional (RP). Despite efforts to invite Expressions of Interest (EOI) and identify Prospective Resolution Applicants (PRAs), no resolution plans were received by the prescribed deadline.
B.K. Roy Private Limited (Corporate Debtor) was admitted into Corporate Insolvency Resolution Process (CIRP) on 27.11.2024.
CA Avishek Gupta was appointed as the Interim Resolution Professional (IRP) on 27.11.2024.
The IRP made a public announcement on 30.11.2024 inviting claims in Form A.
Canara Bank, a secured Financial Creditor, submitted a claim.
The Committee of Creditors (CoC) was constituted on 18.12.2024 with Canara Bank and later reconstituted on 04.01.2025 to include Bajaj Finance Limited.
Canara Bank held an 83% voting share, and Bajaj Finance Limited held a 17% voting share in the CoC.
In the 3rd CoC meeting, Mahesh Chand Gupta was approved as the Resolution Professional (RP) and formally appointed on 18.02.2025.
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The Corporate Debtor, B.K. Roy Private…
The erstwhile IRP made a public announcement…
B.K. Roy Private Limited (Corporate Debtor) was admitted into Corporate Insolvency Resolution Process (CIRP) on 27.11.2024, with CA Avishek Gupta appointed as the Interim Resolution Professional (IRP). A public announcement was made, and claims were received from financial creditors (Canara Bank, Bajaj Finance Limited) and operational creditors (including Eastern Railway). Mahesh Chand Gupta was subsequently appointed as the Resolution Professional (RP). Despite efforts to invite Expressions of Interest (EOI) and identify Prospective Resolution Applicants (PRAs), no resolution plans were received by the prescribed deadline.
B.K. Roy Private Limited (Corporate Debtor) was admitted into Corporate Insolvency Resolution Process (CIRP) on 27.11.2024.
CA Avishek Gupta was appointed as the Interim Resolution Professional (IRP) on 27.11.2024.
The IRP made a public announcement on 30.11.2024 inviting claims in Form A.
Canara Bank, a secured Financial Creditor, submitted a claim.
The Committee of Creditors (CoC) was constituted on 18.12.2024 with Canara Bank and later reconstituted on 04.01.2025 to include Bajaj Finance Limited.
Canara Bank held an 83% voting share, and Bajaj Finance Limited held a 17% voting share in the CoC.
In the 3rd CoC meeting, Mahesh Chand Gupta was approved as the Resolution Professional (RP) and formally appointed on 18.02.2025.
…The Corporate Debtor, B.K. Roy Private…
The erstwhile IRP made a public announcement…