The application was filed by Canara Bank, the sole member of the Committee of Creditors (CoC), seeking liquidation of M/s Pratishtha Dairy Farms Private Limited under Section 33 of the Insolvency and Bankruptcy Code, 2016, due to the failure of the approved Resolution Plan.
Canara Bank, being the sole member of the CoC, filed an application seeking liquidation of M/s Pratishtha Dairy Farms Private Limited.
The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s Pratishtha Dairy Farms Private Limited based on an application filed by M/s Baff Engineers Private Limited.
Mr. Ankit Agrawal was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP).
A Resolution Plan submitted by Mr. Rajeev Kumar Sharma and Mrs. Chandna Sharma was approved by the CoC and the Adjudicating Authority.
The SRA failed to adhere to the payment schedule as per the approved Resolution Plan.
The CoC resolved to liquidate the Corporate Debtor due to the failure of the Resolution Plan.
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Company Petition CP (IB) No. 90/ALD/2019 was…
The petition was…
The application was filed by Canara Bank, the sole member of the Committee of Creditors (CoC), seeking liquidation of M/s Pratishtha Dairy Farms Private Limited under Section 33 of the Insolvency and Bankruptcy Code, 2016, due to the failure of the approved Resolution Plan.
Canara Bank, being the sole member of the CoC, filed an application seeking liquidation of M/s Pratishtha Dairy Farms Private Limited.
The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s Pratishtha Dairy Farms Private Limited based on an application filed by M/s Baff Engineers Private Limited.
Mr. Ankit Agrawal was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP).
A Resolution Plan submitted by Mr. Rajeev Kumar Sharma and Mrs. Chandna Sharma was approved by the CoC and the Adjudicating Authority.
The SRA failed to adhere to the payment schedule as per the approved Resolution Plan.
The CoC resolved to liquidate the Corporate Debtor due to the failure of the Resolution Plan.
…Company Petition CP (IB) No. 90/ALD/2019 was…
The petition was…