The application was filed by the Resolution Professional (RP) seeking initiation of liquidation for M/s Hero Electric Vehicles Pvt Ltd, the Corporate Debtor (CD), under Section 33(1) read with Section 60(5) of the Insolvency and Bankruptcy Code (IBC).
The Resolution Professional filed an application seeking liquidation of the Corporate Debtor.
The Corporate Insolvency Resolution Process (CIRP) was initiated pursuant to an application under Section 9 of the IBC by the Operational Creditor, M/s Metro Tyres Limited.
The RP made a public announcement inviting claims and constituted the Committee of Creditors (CoC).
The CoC was reconstituted after receiving additional claims from Financial Creditors.
Multiple CoC meetings were held, but no resolution plan could secure the requisite 66% voting share.
The CIRP period expired on 13.02.2026 without an approved resolution plan.
The CoC was deadlocked, with approximately 50% of the voting share supporting a resolution plan and 50% favoring liquidation.
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CIRP initiated by the Adjudicating Authority…
List of creditors and report pertaining to the…
The application was filed by the Resolution Professional (RP) seeking initiation of liquidation for M/s Hero Electric Vehicles Pvt Ltd, the Corporate Debtor (CD), under Section 33(1) read with Section 60(5) of the Insolvency and Bankruptcy Code (IBC).
The Resolution Professional filed an application seeking liquidation of the Corporate Debtor.
The Corporate Insolvency Resolution Process (CIRP) was initiated pursuant to an application under Section 9 of the IBC by the Operational Creditor, M/s Metro Tyres Limited.
The RP made a public announcement inviting claims and constituted the Committee of Creditors (CoC).
The CoC was reconstituted after receiving additional claims from Financial Creditors.
Multiple CoC meetings were held, but no resolution plan could secure the requisite 66% voting share.
The CIRP period expired on 13.02.2026 without an approved resolution plan.
The CoC was deadlocked, with approximately 50% of the voting share supporting a resolution plan and 50% favoring liquidation.
CIRP initiated by the Adjudicating Authority…
List of creditors and report pertaining to the…