The application was filed by the Resolution Professional (RP) under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, seeking sanction of the resolution plan as approved by the Committee of Creditors (CoC) on 25.05.2019. The insolvency petition was filed by the corporate applicant, Shaveta Golden Foods Pvt. Ltd., under Section 10 of the Code for initiating the Corporate Insolvency Resolution Process (CIRP). The CIRP was initiated after the application was admitted on 13.09.2018. The applicant was appointed as Interim Resolution Professional (IRP) on 20.09.2018 and issued a public announcement inviting claims from creditors.
Shaveta Golden Foods Private Limited faced insolvency proceedings under the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated following an application under Section 10 of the Code. An Interim Resolution Professional (IRP) was appointed, and a public announcement was made to invite claims from creditors. The Committee of Creditors (CoC) was formed, consisting primarily of State Bank of India. The IRP appointed valuers to determine the liquidation value of the corporate debtor. The CoC approved a resolution plan submitted jointly by Shri Ram Prakash Singh and Smt. Indu Walia, with 100% voting share. The resolution plan addressed various aspects, including payment of insolvency resolution process costs, debts to
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The Corporate Insolvency Resolution Process…
The applicant was…
The application was filed by the Resolution Professional (RP) under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, seeking sanction of the resolution plan as approved by the Committee of Creditors (CoC) on 25.05.2019. The insolvency petition was filed by the corporate applicant, Shaveta Golden Foods Pvt. Ltd., under Section 10 of the Code for initiating the Corporate Insolvency Resolution Process (CIRP). The CIRP was initiated after the application was admitted on 13.09.2018. The applicant was appointed as Interim Resolution Professional (IRP) on 20.09.2018 and issued a public announcement inviting claims from creditors.
Shaveta Golden Foods Private Limited faced insolvency proceedings under the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated following an application under Section 10 of the Code. An Interim Resolution Professional (IRP) was appointed, and a public announcement was made to invite claims from creditors. The Committee of Creditors (CoC) was formed, consisting primarily of State Bank of India. The IRP appointed valuers to determine the liquidation value of the corporate debtor. The CoC approved a resolution plan submitted jointly by Shri Ram Prakash Singh and Smt. Indu Walia, with 100% voting share. The resolution plan addressed various aspects, including payment of insolvency resolution process costs, debts to
…The Corporate Insolvency Resolution Process…
The applicant was…