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, Vag Buildtech Limited, was admitted into CIRP on 26.11.2021 under Section 9 of the Code.
Ashish Vyas was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP).
The 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 State Bank of India (SBI), the sole financial creditor, and the IRP.
The CoC approved the publication of Form-G for inviting Expression of Interest (Eol) from Prospective Resolution Applicants (PRA).
No resolution plan was received in response to the initial Form-G publication.
The CoC approved the liquidation of the Corporate Debtor under section 33(1) of the Code with 99.85% votes.
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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, Vag Buildtech Limited, was admitted into CIRP on 26.11.2021 under Section 9 of the Code.
Ashish Vyas was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP).
The 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 State Bank of India (SBI), the sole financial creditor, and the IRP.
The CoC approved the publication of Form-G for inviting Expression of Interest (Eol) from Prospective Resolution Applicants (PRA).
No resolution plan was received in response to the initial Form-G publication.
The CoC approved the liquidation of the Corporate Debtor under section 33(1) of the Code with 99.85% votes.
…Corporate Debtor…
IRP issued a public…