The case involves the Corporate Insolvency Resolution Process (CIRP) of M/s Best Foods Limited. The CIRP was initiated based on an application filed by M/s Hajura Singh Bhim Singh under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. Mr. Atul Kumar Kansal was initially appointed as the Interim Resolution Professional (IRP), but he was later replaced by Mr. Vikram Bajaj. During the CIRP, a resolution plan was submitted by Maritime Trade Corporation (MTC), but it was later withdrawn. The Resolution Professional (RP) then filed IA No. 412/2020 under Section 33(1)(a) of the IBC, 2016, seeking an order for liquidation of the corporate debtor and also seeking withdrawal of CA No. 1077/2019, which was an application for seeking additional time for completion of
…M/s Hajura Singh Bhim Singh initiated Corporate Insolvency Resolution Process (CIRP) against M/s Best Foods Limited under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The application was admitted on 02.02.2018. Mr. Atul Kumar Kansal was appointed as Interim Resolution Professional (IRP), later replaced by Mr. Vikram Bajaj as Resolution Professional (RP). Form G, inviting Expression of Interest, was published on 05.05.2018 and republished on 07.08.2018. Maritime Trade Corporation (MTC) submitted a resolution plan on 04.10.2018, which was discussed in the 7th COC meeting on 25.10.2018 but deemed unviable due to gaps and ambiguities. MTC filed CA No. 603/2018 for its revised plan. The RP was directed on 31.10.2019 to convene a COC meeting to consider the
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Corporate Insolvency…
Mr. Atul Kumar Kansal…
The case involves the Corporate Insolvency Resolution Process (CIRP) of M/s Best Foods Limited. The CIRP was initiated based on an application filed by M/s Hajura Singh Bhim Singh under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. Mr. Atul Kumar Kansal was initially appointed as the Interim Resolution Professional (IRP), but he was later replaced by Mr. Vikram Bajaj. During the CIRP, a resolution plan was submitted by Maritime Trade Corporation (MTC), but it was later withdrawn. The Resolution Professional (RP) then filed IA No. 412/2020 under Section 33(1)(a) of the IBC, 2016, seeking an order for liquidation of the corporate debtor and also seeking withdrawal of CA No. 1077/2019, which was an application for seeking additional time for completion of
…M/s Hajura Singh Bhim Singh initiated Corporate Insolvency Resolution Process (CIRP) against M/s Best Foods Limited under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The application was admitted on 02.02.2018. Mr. Atul Kumar Kansal was appointed as Interim Resolution Professional (IRP), later replaced by Mr. Vikram Bajaj as Resolution Professional (RP). Form G, inviting Expression of Interest, was published on 05.05.2018 and republished on 07.08.2018. Maritime Trade Corporation (MTC) submitted a resolution plan on 04.10.2018, which was discussed in the 7th COC meeting on 25.10.2018 but deemed unviable due to gaps and ambiguities. MTC filed CA No. 603/2018 for its revised plan. The RP was directed on 31.10.2019 to convene a COC meeting to consider the
…Corporate Insolvency…
Mr. Atul Kumar Kansal…