The case pertains to an application under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, for the approval of a Resolution Plan submitted for Amrit Fresh Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated following a petition filed by Bank of India under Section 7 of the IBC, which was admitted on July 10, 2019. The Resolution Professional (RP) issued invitations for Expressions of Interest (EoIs) and received a Resolution Plan from Indian Ocean Group Pte. Ltd., which was subsequently revised and approved by the Committee of Creditors (CoC).
Amrit Fresh Private Limited underwent Corporate Insolvency Resolution Process (CIRP) following the admission of a petition filed by Bank of India under Section 7 of the Insolvency and Bankruptcy Code (IBC) on July 10, 2019. Niraj Agrawal was appointed as the Resolution Professional (RP). The RP issued invitations for Expressions of Interest (EoIs) and received one from Ugraya Foods and Feed Private Limited, which was later withdrawn. Subsequently, a Resolution Plan was received from Indian Ocean Group Pte. Ltd. The CoC held multiple meetings to discuss and negotiate the Resolution Plan, resulting in a revised plan. The CoC approved the modified Resolution Plan with a 100% majority. The Resolution Applicant provided a performance security. The RP valued the assets of
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Company petition in CP (IB) No.263/KB/2018 was…
Company petition in CP…
The case pertains to an application under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, for the approval of a Resolution Plan submitted for Amrit Fresh Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated following a petition filed by Bank of India under Section 7 of the IBC, which was admitted on July 10, 2019. The Resolution Professional (RP) issued invitations for Expressions of Interest (EoIs) and received a Resolution Plan from Indian Ocean Group Pte. Ltd., which was subsequently revised and approved by the Committee of Creditors (CoC).
Amrit Fresh Private Limited underwent Corporate Insolvency Resolution Process (CIRP) following the admission of a petition filed by Bank of India under Section 7 of the Insolvency and Bankruptcy Code (IBC) on July 10, 2019. Niraj Agrawal was appointed as the Resolution Professional (RP). The RP issued invitations for Expressions of Interest (EoIs) and received one from Ugraya Foods and Feed Private Limited, which was later withdrawn. Subsequently, a Resolution Plan was received from Indian Ocean Group Pte. Ltd. The CoC held multiple meetings to discuss and negotiate the Resolution Plan, resulting in a revised plan. The CoC approved the modified Resolution Plan with a 100% majority. The Resolution Applicant provided a performance security. The RP valued the assets of
…Company petition in CP (IB) No.263/KB/2018 was…
Company petition in CP…