This application was filed by the Resolution Professional, Ms. Veenu Drall, under Section 33(2) read with Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking directions for the liquidation of the Corporate Debtor, M/s Jewel Overseas Private Limited. The Corporate Insolvency Resolution Process (CIRP) against M/s Jewel Overseas Private Limited was initiated by an order dated 23.05.2023, and Ms. Veenu Drall was appointed as the Interim Resolution Professional (IRP). A public announcement was made for claims, and Rs. 23,57,15,549/- in claims were admitted from one financial creditor (Punjab National Bank) and two operational creditors. The Committee of Creditors (CoC) was constituted.
The Adjudicating Authority initiated the Corporate Insolvency Resolution Process (CIRP) against M/s Jewel Overseas Private Limited on 23.05.2023.
Ms. Veenu Drall was appointed as the Interim Resolution Professional (IRP) for M/s Jewel Overseas Private Limited, with IBBI Registration No. IBBI/IPA-001/IP-P02504/2021-22/13816.
The IRP made a public announcement in FORM A on 31.05.2023, and the last date for submitting claims by creditors was 14.06.2023.
Total claims amounting to Rs. 23,57,15,549/- were admitted from one financial creditor and two operational creditors.
The Committee of Creditors (CoC) was constituted, comprising Punjab National Bank (100% vote share) and Department of Trade & Taxes, GNCT of New Delhi (0% vote share).
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The Adjudicating Authority initiated the…
The IRP made a public announcement in FORM A…
Sign in to view related legal provisions.
This application was filed by the Resolution Professional, Ms. Veenu Drall, under Section 33(2) read with Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking directions for the liquidation of the Corporate Debtor, M/s Jewel Overseas Private Limited. The Corporate Insolvency Resolution Process (CIRP) against M/s Jewel Overseas Private Limited was initiated by an order dated 23.05.2023, and Ms. Veenu Drall was appointed as the Interim Resolution Professional (IRP). A public announcement was made for claims, and Rs. 23,57,15,549/- in claims were admitted from one financial creditor (Punjab National Bank) and two operational creditors. The Committee of Creditors (CoC) was constituted.
The Adjudicating Authority initiated the Corporate Insolvency Resolution Process (CIRP) against M/s Jewel Overseas Private Limited on 23.05.2023.
Ms. Veenu Drall was appointed as the Interim Resolution Professional (IRP) for M/s Jewel Overseas Private Limited, with IBBI Registration No. IBBI/IPA-001/IP-P02504/2021-22/13816.
The IRP made a public announcement in FORM A on 31.05.2023, and the last date for submitting claims by creditors was 14.06.2023.
Total claims amounting to Rs. 23,57,15,549/- were admitted from one financial creditor and two operational creditors.
The Committee of Creditors (CoC) was constituted, comprising Punjab National Bank (100% vote share) and Department of Trade & Taxes, GNCT of New Delhi (0% vote share).
…The Adjudicating Authority initiated the…
The IRP made a public announcement in FORM A…
Sign in to view related legal provisions.