The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s. Marks Pryor Marking Technology Private Limited (Corporate Debtor) based on a petition filed by M/s. Shubham Electrotech Private Limited. CS Mandar S. Wagh was appointed as the Interim Resolution Professional (IRP) and subsequently the Resolution Professional (RP). A public announcement for claims led to one financial creditor (Bank of Maharashtra) and ten operational creditors. The Committee of Creditors (CoC) was constituted with Bank of Maharashtra as the sole financial creditor. An initial application for withdrawal of the CIRP was filed but disposed of, leading the CoC to decide to continue the CIRP. The Corporate Debtor had not been operational for a long time, generated no revenue, had
…An application was filed by the Resolution Professional (RP) under Section 33 of the Insolvency and Bankruptcy Code, 2016 (Code) for initiating the Liquidation Process of Marks Pryor Marking Technology Private Limited (Corporate Debtor).
The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor based on a petition filed by Shubham Electrotech Private Limited under Section 9 of the Code.
CS Mandar S. Wagh was appointed as the Interim Resolution Professional (IRP) of the Corporate Debtor.
A public announcement for claims was made by the IRP on 09.12.2023, with a deadline of 20.12.2023.
One claim was received from a Financial Creditor (Bank of Maharashtra) amounting to Rs.11,06,26,372.57/-.
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The Interim Resolution Professional (IRP) caused…
The deadline for submitting claims against the…
The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s. Marks Pryor Marking Technology Private Limited (Corporate Debtor) based on a petition filed by M/s. Shubham Electrotech Private Limited. CS Mandar S. Wagh was appointed as the Interim Resolution Professional (IRP) and subsequently the Resolution Professional (RP). A public announcement for claims led to one financial creditor (Bank of Maharashtra) and ten operational creditors. The Committee of Creditors (CoC) was constituted with Bank of Maharashtra as the sole financial creditor. An initial application for withdrawal of the CIRP was filed but disposed of, leading the CoC to decide to continue the CIRP. The Corporate Debtor had not been operational for a long time, generated no revenue, had
…An application was filed by the Resolution Professional (RP) under Section 33 of the Insolvency and Bankruptcy Code, 2016 (Code) for initiating the Liquidation Process of Marks Pryor Marking Technology Private Limited (Corporate Debtor).
The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor based on a petition filed by Shubham Electrotech Private Limited under Section 9 of the Code.
CS Mandar S. Wagh was appointed as the Interim Resolution Professional (IRP) of the Corporate Debtor.
A public announcement for claims was made by the IRP on 09.12.2023, with a deadline of 20.12.2023.
One claim was received from a Financial Creditor (Bank of Maharashtra) amounting to Rs.11,06,26,372.57/-.
…The Interim Resolution Professional (IRP) caused…
The deadline for submitting claims against the…