https://www.taxtmi.com/caselaws?id=396047 The Corporate Insolvency Resolution Process (CIRP) for M/s. Jai Bholenath Enterprises Private Limited ended in liquidation due to non-cooperation from the Corporate Debtor, lack of Expression of Interest (EOI) for a resolution plan, and the absence of tangible assets. The Committee of Creditors (CoC) decided to liquidate the Corporate Debtor after no resolution applicant emerged. The court appointed a new Liquidator and provided specific directions for the liquidation process, including the handling of claims and the transfer of powers to the Liquidator. An application challenging the rejection of a claim by the Resolution Professional became moot with the initiation of liquidation proceedings. en-us Mon, 27 Jan 2020 00:00:00 +0530 Fri, 19 Jun 2020 17:07:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396047 The Corporate Insolvency Resolution Process (CIRP) for M/s. Jai Bholenath Enterprises Private Limited ended in liquidation due to non-cooperation from the Corporate Debtor, lack of Expression of Interest (EOI) for a resolution plan, and the absence of tangible assets. The Committee of Creditors (CoC) decided to liquidate the Corporate Debtor after no resolution applicant emerged. The court appointed a new Liquidator and provided specific directions for the liquidation process, including the handling of claims and the transfer of powers to the Liquidator. An application challenging the rejection of a claim by the Resolution Professional became moot with the initiation of liquidation proceedings. Case-Laws Insolvency and Bankruptcy Mon, 27 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396047