The case pertains to an application under Section 30(6) read with Section 31 of the Insolvency and Bankruptcy Code, 2016, seeking approval of a resolution plan for Amar Remedies Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated following the admission of a petition under Section 10 of the Code. An Interim Resolution Professional (IRP) was appointed, followed by the constitution of a Committee of Creditors (CoC). The IRP was later replaced by the Applicant as the Resolution Professional (RP). The CIRP period was extended, and multiple attempts were made to solicit resolution plans. Ultimately, the CoC approved the resolution plan submitted by P K Hospitality Services Private Limited with a voting share of 88.78%.
The Corporate Insolvency Resolution Process (CIRP) of Amar Remedies Limited was initiated upon the admission of a petition under Section 10 of the Insolvency and Bankruptcy Code (IBC) by the NCLT Mumbai Bench on June 16, 2017. Jayashree Shukla Dasgupta was appointed as the Interim Resolution Professional (IRP). Public announcements were made on June 30, 2017, July 2, 2017, and July 3, 2017, inviting claims from creditors. The Committee of Creditors (CoC) was constituted on July 21, 2017. The IRP was replaced by the Applicant as the Resolution Professional (RP) on July 28, 2017, and this appointment was confirmed by the NCLT on October 6, 2017. An application for extension of the CIRP period was initially dismissed but later allowed by the NCLAT. The RP issued
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Corporate Insolvency Resolution Process (CIRP)…
IRP published public…
The case pertains to an application under Section 30(6) read with Section 31 of the Insolvency and Bankruptcy Code, 2016, seeking approval of a resolution plan for Amar Remedies Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated following the admission of a petition under Section 10 of the Code. An Interim Resolution Professional (IRP) was appointed, followed by the constitution of a Committee of Creditors (CoC). The IRP was later replaced by the Applicant as the Resolution Professional (RP). The CIRP period was extended, and multiple attempts were made to solicit resolution plans. Ultimately, the CoC approved the resolution plan submitted by P K Hospitality Services Private Limited with a voting share of 88.78%.
The Corporate Insolvency Resolution Process (CIRP) of Amar Remedies Limited was initiated upon the admission of a petition under Section 10 of the Insolvency and Bankruptcy Code (IBC) by the NCLT Mumbai Bench on June 16, 2017. Jayashree Shukla Dasgupta was appointed as the Interim Resolution Professional (IRP). Public announcements were made on June 30, 2017, July 2, 2017, and July 3, 2017, inviting claims from creditors. The Committee of Creditors (CoC) was constituted on July 21, 2017. The IRP was replaced by the Applicant as the Resolution Professional (RP) on July 28, 2017, and this appointment was confirmed by the NCLT on October 6, 2017. An application for extension of the CIRP period was initially dismissed but later allowed by the NCLAT. The RP issued
…Corporate Insolvency Resolution Process (CIRP)…
IRP published public…