Corporate Insolvency Resolution Process (CIRP) was initiated against Supreme and Company Private Limited (Corporate Debtor) on a petition filed by Consolidated Shipping Line India Private Limited (Operational Creditor). Ms. Tripti Agarwal was initially appointed as the Interim Resolution Professional (IRP), followed by Mr. Sanjai Kumar Gupta as the Resolution Professional (RP). The CIRP period saw multiple extensions, and resolution plans submitted by various applicants were ultimately rejected by the Committee of Creditors (COC). The RP also faced challenges in taking possession of the Corporate Debtor's units due to non-cooperation from the erstwhile management.
An application (I.A. (IBC) (LIQ) NO. 12/KB/2026) was filed under Section 33(2) of the IBC, 2016, by Mr. Sanjai Kumar Gupta, RP of Supreme and Company Private Limited, seeking initiation of liquidation process.
The Adjudicating Authority initiated Corporate Insolvency Resolution Process (CIRP) against Supreme and Company Private Limited (Corporate Debtor) on 2024-06-05, based on a petition by Consolidated Shipping Line India Private Limited (Operational Creditor) in C.P. (IB) No. 70/KB/2023.
Ms. Tripti Agarwal was appointed as the Interim Resolution Professional (IRP).
The IRP made public announcements on 2024-06-13 and 2024-06-15, inviting claims from creditors, with the last date being 2024-06-25.
…Sign in to view the parties.
Corporate Insolvency Resolution Process…
The Interim Resolution Professional (IRP)…
Corporate Insolvency Resolution Process (CIRP) was initiated against Supreme and Company Private Limited (Corporate Debtor) on a petition filed by Consolidated Shipping Line India Private Limited (Operational Creditor). Ms. Tripti Agarwal was initially appointed as the Interim Resolution Professional (IRP), followed by Mr. Sanjai Kumar Gupta as the Resolution Professional (RP). The CIRP period saw multiple extensions, and resolution plans submitted by various applicants were ultimately rejected by the Committee of Creditors (COC). The RP also faced challenges in taking possession of the Corporate Debtor's units due to non-cooperation from the erstwhile management.
An application (I.A. (IBC) (LIQ) NO. 12/KB/2026) was filed under Section 33(2) of the IBC, 2016, by Mr. Sanjai Kumar Gupta, RP of Supreme and Company Private Limited, seeking initiation of liquidation process.
The Adjudicating Authority initiated Corporate Insolvency Resolution Process (CIRP) against Supreme and Company Private Limited (Corporate Debtor) on 2024-06-05, based on a petition by Consolidated Shipping Line India Private Limited (Operational Creditor) in C.P. (IB) No. 70/KB/2023.
Ms. Tripti Agarwal was appointed as the Interim Resolution Professional (IRP).
The IRP made public announcements on 2024-06-13 and 2024-06-15, inviting claims from creditors, with the last date being 2024-06-25.
…Corporate Insolvency Resolution Process…
The Interim Resolution Professional (IRP)…