The Corporate Insolvency Resolution Process (CIRP) was initiated against Pradhvi Multitrade Private Limited (Corporate Debtor) on 2024-07-02. Ms. Pooja Damir Miglani was initially appointed as the Interim Resolution Professional (IRP) and subsequently replaced by Mr. Hasti Mal Kachhara as the Resolution Professional (RP), which was confirmed by the Tribunal on 2024-10-22. A Committee of Creditors (CoC) was constituted, comprising only one Financial Creditor, Punjab National Bank. The RP published Form-G for Expression of Interest (Eol) on 2025-02-24, with a deadline of 2025-03-11, but no Eol was received.
An application was filed by Mr. Hasti Mal Kachhara, Resolution Professional of Pradhvi Multitrade Private Limited (Corporate Debtor), under Section 33 of the IBC, 2016, seeking liquidation of the Corporate Debtor.
The Tribunal initiated Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor on 2024-07-02.
Ms. Pooja Damir Miglani was appointed as the Interim Resolution Professional (IRP) during the CIRP.
The IRP was replaced by Mr. Hasti Mal Kachhara as the Resolution Professional (RP), which was confirmed by the Tribunal on 2024-10-22.
The Committee of Creditors (CoC) was constituted, comprising only one Financial Creditor, Punjab National Bank.
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Corporate Insolvency Resolution Process (CIRP)…
IRP informed suspended…
The Corporate Insolvency Resolution Process (CIRP) was initiated against Pradhvi Multitrade Private Limited (Corporate Debtor) on 2024-07-02. Ms. Pooja Damir Miglani was initially appointed as the Interim Resolution Professional (IRP) and subsequently replaced by Mr. Hasti Mal Kachhara as the Resolution Professional (RP), which was confirmed by the Tribunal on 2024-10-22. A Committee of Creditors (CoC) was constituted, comprising only one Financial Creditor, Punjab National Bank. The RP published Form-G for Expression of Interest (Eol) on 2025-02-24, with a deadline of 2025-03-11, but no Eol was received.
An application was filed by Mr. Hasti Mal Kachhara, Resolution Professional of Pradhvi Multitrade Private Limited (Corporate Debtor), under Section 33 of the IBC, 2016, seeking liquidation of the Corporate Debtor.
The Tribunal initiated Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor on 2024-07-02.
Ms. Pooja Damir Miglani was appointed as the Interim Resolution Professional (IRP) during the CIRP.
The IRP was replaced by Mr. Hasti Mal Kachhara as the Resolution Professional (RP), which was confirmed by the Tribunal on 2024-10-22.
The Committee of Creditors (CoC) was constituted, comprising only one Financial Creditor, Punjab National Bank.
…Corporate Insolvency Resolution Process (CIRP)…
IRP informed suspended…