The case involves an application (MA/396/2019) filed in CP/577/IB/CB/2018 under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor, M/s. Aeon Paper Mills Private Limited. Initially, the Corporate Debtor had filed CP/577/IB/CB/2018 under Section 10 of the IBC, leading to the initiation of the Corporate Insolvency Resolution Process (CIRP). An Interim Resolution Professional (IRP) was appointed, followed by the constitution of a Committee of Creditors (CoC). Mr. Muthuiah Thevar Rajapandian was appointed as the Resolution Professional, replacing the IRP.
M/s. Aeon Paper Mills Private Limited (Corporate Debtor) initiated Corporate Insolvency Resolution Process (CIRP) by filing CP/577/IB/CB/2018 under Section 10 of the Insolvency and Bankruptcy Code, 2016. The application was admitted, and an Interim Resolution Professional (IRP) was appointed. Subsequently, Mr. Muthuiah Thevar Rajapandian was appointed as the Resolution Professional (RP). The RP took charge, appointed valuers, and conducted meetings of the Committee of Creditors (CoC). The Corporate Debtor submitted a One Time Settlement (OTS) proposal, but no resolution plan was received despite inviting Expression of Interest (EoI). The CoC, in its meeting held on 02.04.2019, resolved with 100% voting rights for the liquidation of the Corporate Debtor. The Resolution
…Sign in to view the parties.
Authority admitted the Application, initiated…
1st Meeting of the CoC held, the CoC has…
The case involves an application (MA/396/2019) filed in CP/577/IB/CB/2018 under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor, M/s. Aeon Paper Mills Private Limited. Initially, the Corporate Debtor had filed CP/577/IB/CB/2018 under Section 10 of the IBC, leading to the initiation of the Corporate Insolvency Resolution Process (CIRP). An Interim Resolution Professional (IRP) was appointed, followed by the constitution of a Committee of Creditors (CoC). Mr. Muthuiah Thevar Rajapandian was appointed as the Resolution Professional, replacing the IRP.
M/s. Aeon Paper Mills Private Limited (Corporate Debtor) initiated Corporate Insolvency Resolution Process (CIRP) by filing CP/577/IB/CB/2018 under Section 10 of the Insolvency and Bankruptcy Code, 2016. The application was admitted, and an Interim Resolution Professional (IRP) was appointed. Subsequently, Mr. Muthuiah Thevar Rajapandian was appointed as the Resolution Professional (RP). The RP took charge, appointed valuers, and conducted meetings of the Committee of Creditors (CoC). The Corporate Debtor submitted a One Time Settlement (OTS) proposal, but no resolution plan was received despite inviting Expression of Interest (EoI). The CoC, in its meeting held on 02.04.2019, resolved with 100% voting rights for the liquidation of the Corporate Debtor. The Resolution
…Authority admitted the Application, initiated…
1st Meeting of the CoC held, the CoC has…