The Corporate Insolvency Resolution Process (CIRP) was initiated against Shreem Corporation Limited. Mr. Naren Sheth was appointed as the Interim Resolution Professional (IRP) and subsequently confirmed as the Resolution Professional (RP). Despite efforts to invite Expressions of Interest (EoI) and the submission of resolution plans by Prospective Resolution Applicants (PRAs), the Committee of Creditors (CoC) ultimately rejected all proposed plans.
Mr. Naren Sheth, Applicant/Resolution Professional of Shreem Corporation Limited, filed an application seeking initiation of Liquidation Process of the Corporate Debtor under Section 33(2) of the IBC, 2016.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Shreem Corporation Limited by the Tribunal vide Order dated 22.09.2021.
Mr. Naren Sheth was appointed as the Interim Resolution Professional (IRP) of the Corporate Debtor, and the order was received by the Applicant on 05.10.2021.
The Applicant published 'Form A' (Public Announcement) on 07.10.2021 in Financial Express (English) and Navshakti (Marathi) to invite claims from creditors.
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The Corporate Insolvency Resolution Process…
The order appointing Mr. Naren Sheth as the…
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The Corporate Insolvency Resolution Process (CIRP) was initiated against Shreem Corporation Limited. Mr. Naren Sheth was appointed as the Interim Resolution Professional (IRP) and subsequently confirmed as the Resolution Professional (RP). Despite efforts to invite Expressions of Interest (EoI) and the submission of resolution plans by Prospective Resolution Applicants (PRAs), the Committee of Creditors (CoC) ultimately rejected all proposed plans.
Mr. Naren Sheth, Applicant/Resolution Professional of Shreem Corporation Limited, filed an application seeking initiation of Liquidation Process of the Corporate Debtor under Section 33(2) of the IBC, 2016.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Shreem Corporation Limited by the Tribunal vide Order dated 22.09.2021.
Mr. Naren Sheth was appointed as the Interim Resolution Professional (IRP) of the Corporate Debtor, and the order was received by the Applicant on 05.10.2021.
The Applicant published 'Form A' (Public Announcement) on 07.10.2021 in Financial Express (English) and Navshakti (Marathi) to invite claims from creditors.
…The Corporate Insolvency Resolution Process…
The order appointing Mr. Naren Sheth as the…
Sign in to view related legal provisions.