The case pertains to an application filed by the Resolution Professional under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking directions for the liquidation of the Corporate Debtor, RS Ingot and Billet Private Limited.
Central Bank of India filed an application under Section 7 of the IBC, leading to the initiation of CIRP against RS Ingot and Billet Private Limited.
Mr. Shravan Kumar Vishnoi was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP).
Several CoC meetings were held to explore resolution plans, but none were approved by the CoC.
The CoC directed the RP to file an application before NCLT under section 12 of the IBC for the extension of the CIRP period by 90 days beyond 180 days.
The CoC decided with 100% vote share to liquidate the Corporate Debtor and authorized the Resolution Professional to make an application for the Liquidation.
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The Tribunal admitted…
The first meeting of…
The case pertains to an application filed by the Resolution Professional under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking directions for the liquidation of the Corporate Debtor, RS Ingot and Billet Private Limited.
Central Bank of India filed an application under Section 7 of the IBC, leading to the initiation of CIRP against RS Ingot and Billet Private Limited.
Mr. Shravan Kumar Vishnoi was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP).
Several CoC meetings were held to explore resolution plans, but none were approved by the CoC.
The CoC directed the RP to file an application before NCLT under section 12 of the IBC for the extension of the CIRP period by 90 days beyond 180 days.
The CoC decided with 100% vote share to liquidate the Corporate Debtor and authorized the Resolution Professional to make an application for the Liquidation.
…The Tribunal admitted…
The first meeting of…