The Corporate Insolvency Resolution Process (CIRP) for AKP Plastics Private Limited was initiated on November 21, 2019. The applicant was appointed as the Interim Resolution Professional (IRP). A public announcement was made to invite claims from the creditors of the Corporate Debtor, with a publication date of December 4, 2019. A committee of creditors (CoC) was formed on December 27, 2019. In the first CoC meeting held on January 3, 2020, the sole Financial Creditor, Tamilnadu Mercantile Bank Limited, holding 100% voting rights, confirmed the applicant's continuation as the Resolution Professional. The Resolution Professional (RP) found that the Corporate Debtor was engaged in trading activities but possessed limited assets, primarily motor cars. Consequently, no
…The Corporate Insolvency Resolution Process (CIRP) of AKP Plastics Private Limited was initiated on 21.11.2019. The applicant was appointed as the Interim Resolution Professional (IRP). A public announcement was made on 04.12.2019, inviting claims from creditors. The Committee of Creditors (CoC) was constituted on 27.12.2019. The sole financial creditor, Tamilnadu Mercantile Bank Limited, holding 100% voting rights, confirmed the applicant as the Resolution Professional (RP) in the first CoC meeting on 03.01.2020. The RP found that the Corporate Debtor was engaged in trading activities but had limited assets, mainly motor cars. The CoC, in its meeting on 12.02.2020, observed that the Corporate Debtor was not carrying on any business or generating income. Consequently,
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Corporate Insolvency…
Public announcement…
The Corporate Insolvency Resolution Process (CIRP) for AKP Plastics Private Limited was initiated on November 21, 2019. The applicant was appointed as the Interim Resolution Professional (IRP). A public announcement was made to invite claims from the creditors of the Corporate Debtor, with a publication date of December 4, 2019. A committee of creditors (CoC) was formed on December 27, 2019. In the first CoC meeting held on January 3, 2020, the sole Financial Creditor, Tamilnadu Mercantile Bank Limited, holding 100% voting rights, confirmed the applicant's continuation as the Resolution Professional. The Resolution Professional (RP) found that the Corporate Debtor was engaged in trading activities but possessed limited assets, primarily motor cars. Consequently, no
…The Corporate Insolvency Resolution Process (CIRP) of AKP Plastics Private Limited was initiated on 21.11.2019. The applicant was appointed as the Interim Resolution Professional (IRP). A public announcement was made on 04.12.2019, inviting claims from creditors. The Committee of Creditors (CoC) was constituted on 27.12.2019. The sole financial creditor, Tamilnadu Mercantile Bank Limited, holding 100% voting rights, confirmed the applicant as the Resolution Professional (RP) in the first CoC meeting on 03.01.2020. The RP found that the Corporate Debtor was engaged in trading activities but had limited assets, mainly motor cars. The CoC, in its meeting on 12.02.2020, observed that the Corporate Debtor was not carrying on any business or generating income. Consequently,
…Corporate Insolvency…
Public announcement…