The Corporate Insolvency Resolution Process (CIRP) for Dharmkalp Constructions and Consultancy Private Ltd (Corporate Debtor) was initiated by the Tribunal on 26.09.2024, based on a petition filed by Visagar Financial Services Limited (Financial Creditor) under Section 7 of the IBC. Mr. Vikas Khiyani was appointed as the Interim Resolution Professional (IRP) and subsequently confirmed as the Resolution Professional (RP). The Committee of Creditors (CoC), comprising Visagar Financial Services Limited, resolved to liquidate the Corporate Debtor due to the absence of tangible assets and no scope for a resolution plan. Consequently, the RP filed an application seeking the liquidation of the Corporate Debtor.
The Corporate Insolvency Resolution Process (CIRP) of Dharmkalp Constructions and Consultancy Private Ltd was initiated by the Tribunal on 26.09.2024 in CP (IB) No. 322 of 2024 under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by Visagar Financial Services Limited.
Mr. Vikas Khiyani was appointed as the Interim Resolution Professional (IRP) of the Corporate Debtor.
The IRP made a Public Announcement in Form A on 28.09.2024, which was published on 29.09.2024, inviting claims from creditors.
The Committee of Creditors (CoC) was constituted, comprising Visagar Financial Services Limited with 100% voting share.
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Corporate Insolvency Resolution Process (CIRP)…
Mr. Vikas Khiyani, as Interim Resolution…
The Corporate Insolvency Resolution Process (CIRP) for Dharmkalp Constructions and Consultancy Private Ltd (Corporate Debtor) was initiated by the Tribunal on 26.09.2024, based on a petition filed by Visagar Financial Services Limited (Financial Creditor) under Section 7 of the IBC. Mr. Vikas Khiyani was appointed as the Interim Resolution Professional (IRP) and subsequently confirmed as the Resolution Professional (RP). The Committee of Creditors (CoC), comprising Visagar Financial Services Limited, resolved to liquidate the Corporate Debtor due to the absence of tangible assets and no scope for a resolution plan. Consequently, the RP filed an application seeking the liquidation of the Corporate Debtor.
The Corporate Insolvency Resolution Process (CIRP) of Dharmkalp Constructions and Consultancy Private Ltd was initiated by the Tribunal on 26.09.2024 in CP (IB) No. 322 of 2024 under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by Visagar Financial Services Limited.
Mr. Vikas Khiyani was appointed as the Interim Resolution Professional (IRP) of the Corporate Debtor.
The IRP made a Public Announcement in Form A on 28.09.2024, which was published on 29.09.2024, inviting claims from creditors.
The Committee of Creditors (CoC) was constituted, comprising Visagar Financial Services Limited with 100% voting share.
…Corporate Insolvency Resolution Process (CIRP)…
Mr. Vikas Khiyani, as Interim Resolution…