The case involves an Interlocutory Application filed under Section 33 of the Insolvency and Bankruptcy Code, 2016, for initiating Liquidation Process in the case of Smart I Security & Automation Pvt. Ltd (Corporate Debtor). The Corporate Insolvency Resolution Process (CIRP) was initiated vide order dated 18.08.2023 upon admission of a Company Petition under Section 9.
CIRP was initiated against Smart I Security & Automation Pvt. Ltd on 18.08.2023.
Mr. Ajay Gupta was initially appointed as IRP but declined the appointment.
Mrs. Bharati Daga was appointed as IRP and later confirmed as Resolution Professional.
The Resolution Professional received three claims from Operational Creditors.
The Resolution Professional conducted the 5th Committee of Creditors (COC) meeting on 24.05.2024.
The COC decided to initiate Liquidation proceedings with 99.64% voting in favor.
No Resolution Plan was received for the Corporate Debtor.
Mr. Rajendra Kumar Girdhar was appointed as Liquidator.
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Corporate Insolvency Resolution Process (CIRP)…
Mrs. Bharati Daga was…
The case involves an Interlocutory Application filed under Section 33 of the Insolvency and Bankruptcy Code, 2016, for initiating Liquidation Process in the case of Smart I Security & Automation Pvt. Ltd (Corporate Debtor). The Corporate Insolvency Resolution Process (CIRP) was initiated vide order dated 18.08.2023 upon admission of a Company Petition under Section 9.
CIRP was initiated against Smart I Security & Automation Pvt. Ltd on 18.08.2023.
Mr. Ajay Gupta was initially appointed as IRP but declined the appointment.
Mrs. Bharati Daga was appointed as IRP and later confirmed as Resolution Professional.
The Resolution Professional received three claims from Operational Creditors.
The Resolution Professional conducted the 5th Committee of Creditors (COC) meeting on 24.05.2024.
The COC decided to initiate Liquidation proceedings with 99.64% voting in favor.
No Resolution Plan was received for the Corporate Debtor.
Mr. Rajendra Kumar Girdhar was appointed as Liquidator.
Corporate Insolvency Resolution Process (CIRP)…
Mrs. Bharati Daga was…