The case pertains to an application filed under Section 30(6) and Section 31 of the Insolvency and Bankruptcy Code, 2016, seeking approval of a resolution plan for AVK Automart Pvt. Ltd. The Corporate Insolvency Resolution Process (CIRP) was initiated by the NCLT Mumbai Bench on 06.11.2018. An Interim Resolution Professional (IRP) was appointed, followed by the appointment of Mr. Rajat Mukherjee as the Resolution Professional (RP). The RP invited claims from creditors and constituted a Committee of Creditors (CoC).
The Corporate Insolvency Resolution Process (CIRP) was initiated against AVK Automart Pvt. Ltd. based on an order dated 2018-11-06. Mr. Navin Srichand Kanjwani was initially appointed as the Interim Resolution Professional (IRP). Subsequently, Mr. Rajat Mukherjee replaced him as the Resolution Professional (RP) following a decision by the Committee of Creditors (CoC). The RP received claims from three financial creditors (Bank of India, Omkara Asset Reconstruction Pvt. Ltd., and ASREC India Ltd.) and one operational creditor (M/s. Beli Sharma and Company). The RP issued Form-G inviting expressions of interest from prospective resolution applicants (PRAs). Leadadroit Services Pvt. Ltd. submitted a resolution plan, which was revised after negotiations. The CoC approved
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Corporate Insolvency Resolution Process (CIRP)…
The IRP published a public announcement on…
The case pertains to an application filed under Section 30(6) and Section 31 of the Insolvency and Bankruptcy Code, 2016, seeking approval of a resolution plan for AVK Automart Pvt. Ltd. The Corporate Insolvency Resolution Process (CIRP) was initiated by the NCLT Mumbai Bench on 06.11.2018. An Interim Resolution Professional (IRP) was appointed, followed by the appointment of Mr. Rajat Mukherjee as the Resolution Professional (RP). The RP invited claims from creditors and constituted a Committee of Creditors (CoC).
The Corporate Insolvency Resolution Process (CIRP) was initiated against AVK Automart Pvt. Ltd. based on an order dated 2018-11-06. Mr. Navin Srichand Kanjwani was initially appointed as the Interim Resolution Professional (IRP). Subsequently, Mr. Rajat Mukherjee replaced him as the Resolution Professional (RP) following a decision by the Committee of Creditors (CoC). The RP received claims from three financial creditors (Bank of India, Omkara Asset Reconstruction Pvt. Ltd., and ASREC India Ltd.) and one operational creditor (M/s. Beli Sharma and Company). The RP issued Form-G inviting expressions of interest from prospective resolution applicants (PRAs). Leadadroit Services Pvt. Ltd. submitted a resolution plan, which was revised after negotiations. The CoC approved
…Corporate Insolvency Resolution Process (CIRP)…
The IRP published a public announcement on…