The case involves an application filed by the Resolution Professional (RP) of Hybro Foods Private Limited under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor.
The Corporate Debtor, Hybro Foods Private Limited, ceased operations on 31.12.2022.
The Corporate Debtor's factory premises were found to be in a dilapidated state with missing assets.
The Committee of Creditors (CoC) resolved to liquidate the Corporate Debtor due to the absence of a resolution plan.
The RP filed an application under Section 33(1)(a) of the IBC seeking liquidation.
The last date of submission of claims was 17.03.2023.
The CoC comprised of Kotak Mahindra Bank Ltd. and Union Bank of India.
The CoC resolved to appoint the IRP as a Resolution Professional (‘RP'), in the 1st CoC meeting held on 30.03.2023.
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Corporate Insolvency Resolution Process…
The IRP issued…
The case involves an application filed by the Resolution Professional (RP) of Hybro Foods Private Limited under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor.
The Corporate Debtor, Hybro Foods Private Limited, ceased operations on 31.12.2022.
The Corporate Debtor's factory premises were found to be in a dilapidated state with missing assets.
The Committee of Creditors (CoC) resolved to liquidate the Corporate Debtor due to the absence of a resolution plan.
The RP filed an application under Section 33(1)(a) of the IBC seeking liquidation.
The last date of submission of claims was 17.03.2023.
The CoC comprised of Kotak Mahindra Bank Ltd. and Union Bank of India.
The CoC resolved to appoint the IRP as a Resolution Professional (‘RP'), in the 1st CoC meeting held on 30.03.2023.
…Corporate Insolvency Resolution Process…
The IRP issued…