Moneycontrol News
Education services firm Educomp Solutions has invited bids from potential resolution applicants for Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC).
CIRP under IBC commenced against the company post an order on May 30, 2017 at the National Company Law Tribunal (NCLT). NCLT had appointed Sanjiv Agarwal as the Interim Resolution Professional (IRP) of Educomp. He was later replaced by Mahender Khandelwal.
As per the advertisement of the company in an economic daily, the applicants have to provide relevant qualifications on or before November 10.
IBC is an Act which helps troubled corporates, partnership firms and individuals in debt to re-organise and opt for insol…
Read the full article at: http://www.moneycontrol.com/news/business/companies/educomp-invites-bids-for-corporate-insolvency-resolution-process-2415551.html
