The Resolution Professional (RP) of Vag Buildtech Limited filed an application under Section 33(1) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor.
Corporate Debtor was admitted into CIRP on 26.11.2021 under Section 9 of the Code.
IRP issued a public announcement inviting claims from creditors on 03.12.2021.
The 1st CoC meeting was held on 27.12.2021, attended by SBI and the IRP.
RP published an Invitation of Eol in Form-G as per the CIRP Regulations on 19.02.2022.
The CoC approved the issuance of request for resolution plan and evaluation matrix of PRA on 14.03.2022.
The RP apprised the CoC that there is no Resolution Plan received in response to Eol published in Form-G on 24.05.2022.
The CoC with 99.85% votes had approved liquidation of the Corporate Debtor under section 33(1) of the Code.
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Corporate Debtor…
IRP issued a public…
The Resolution Professional (RP) of Vag Buildtech Limited filed an application under Section 33(1) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor.
Corporate Debtor was admitted into CIRP on 26.11.2021 under Section 9 of the Code.
IRP issued a public announcement inviting claims from creditors on 03.12.2021.
The 1st CoC meeting was held on 27.12.2021, attended by SBI and the IRP.
RP published an Invitation of Eol in Form-G as per the CIRP Regulations on 19.02.2022.
The CoC approved the issuance of request for resolution plan and evaluation matrix of PRA on 14.03.2022.
The RP apprised the CoC that there is no Resolution Plan received in response to Eol published in Form-G on 24.05.2022.
The CoC with 99.85% votes had approved liquidation of the Corporate Debtor under section 33(1) of the Code.
…Corporate Debtor…
IRP issued a public…