The case involves an application filed by the Resolution Professional (RP) seeking a liquidation order under Section 33 of the Insolvency and Bankruptcy Code (IBC). The application is based on a resolution passed by the Committee of Creditors (COC) on 17.12.2019 with a 100% voting share. The Corporate Insolvency Resolution Process (CIRP) commenced on 02.04.2019, with the admission order passed on the same date, and Mr. Vikas Gupta was appointed as the Interim Resolution Professional (IRP). The IRP issued a public notice on 06.04.2019 inviting claims from creditors. The IRP collated the claims and determined the admitted claims against the company as Rs. 186.63 Crores. The RP issued invitation for Expression of Interest on 15.06.2019, which was extended multiple times
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Abhay Nutrition Pvt Ltd, commencing on 02.04.2019. Responsibility Fair Agriculture Fund is the applicant. Mr. Vikas Gupta was appointed as the Interim Resolution Professional (IRP). A public notice was issued on 06.04.2019, inviting claims from creditors. The IRP determined the admitted claims to be Rs. 186.63 Crores. The RP issued an invitation for Expression of Interest on 15.06.2019, which was extended multiple times. Only one Resolution Applicant filed a Resolution Plan on 05.11.2019, but it was rejected due to failure to provide the required bid guarantee. The Committee of Creditors (COC) approved a resolution for liquidation on 17.12.2019 with 100% voting share. The RP determined the
…Sign in to view the parties.
Corporate Insolvency…
Mr. Vikas Gupta…
The case involves an application filed by the Resolution Professional (RP) seeking a liquidation order under Section 33 of the Insolvency and Bankruptcy Code (IBC). The application is based on a resolution passed by the Committee of Creditors (COC) on 17.12.2019 with a 100% voting share. The Corporate Insolvency Resolution Process (CIRP) commenced on 02.04.2019, with the admission order passed on the same date, and Mr. Vikas Gupta was appointed as the Interim Resolution Professional (IRP). The IRP issued a public notice on 06.04.2019 inviting claims from creditors. The IRP collated the claims and determined the admitted claims against the company as Rs. 186.63 Crores. The RP issued invitation for Expression of Interest on 15.06.2019, which was extended multiple times
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Abhay Nutrition Pvt Ltd, commencing on 02.04.2019. Responsibility Fair Agriculture Fund is the applicant. Mr. Vikas Gupta was appointed as the Interim Resolution Professional (IRP). A public notice was issued on 06.04.2019, inviting claims from creditors. The IRP determined the admitted claims to be Rs. 186.63 Crores. The RP issued an invitation for Expression of Interest on 15.06.2019, which was extended multiple times. Only one Resolution Applicant filed a Resolution Plan on 05.11.2019, but it was rejected due to failure to provide the required bid guarantee. The Committee of Creditors (COC) approved a resolution for liquidation on 17.12.2019 with 100% voting share. The RP determined the
…Corporate Insolvency…
Mr. Vikas Gupta…