The case pertains to the Corporate Insolvency Resolution Process (CIRP) initiated against Educomp Infrastructure & School Management Limited. The insolvency petition was filed under Section 10 of the Insolvency and Bankruptcy Code, 2016. The CIRP was initiated after the petition was admitted on 2018-04-25. An Interim Resolution Professional (IRP) was appointed, who then issued a public announcement inviting claims from creditors. The Committee of Creditors (CoC) was constituted, and several meetings were held to discuss the resolution process. The CIRP period was extended to facilitate interested resolution applicants. Several applications were filed during the process, including those seeking replacement of the RP and directions for liquidation. Ultimately, a
…Educomp Infrastructure & School Management Limited (Corporate Debtor) underwent Corporate Insolvency Resolution Process (CIRP) initiated under Section 10 of the Insolvency and Bankruptcy Code, 2016. The CIRP was triggered by an application which was admitted on 2018-04-25. Mr. Manoj Maheshwari was appointed as the Interim Resolution Professional (IRP), later replaced by Mr. Ashwini Mehra. A public announcement was made, leading to claims of Rs. 11,98,26,06,870 from 8 Financial Creditors and Rs. 6,93,99,975 from 27 Operational Creditors. The Committee of Creditors (CoC) was formed. The RP appointed CBRE South Asia Pvt Ltd. and Ernst & Young Merchant Banking Services Pvt Ltd. to determine the fair value and liquidation value of the corporate debtor. Expression of
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CIRP initiated against Educomp Infrastructure…
IRP issued a public…
The case pertains to the Corporate Insolvency Resolution Process (CIRP) initiated against Educomp Infrastructure & School Management Limited. The insolvency petition was filed under Section 10 of the Insolvency and Bankruptcy Code, 2016. The CIRP was initiated after the petition was admitted on 2018-04-25. An Interim Resolution Professional (IRP) was appointed, who then issued a public announcement inviting claims from creditors. The Committee of Creditors (CoC) was constituted, and several meetings were held to discuss the resolution process. The CIRP period was extended to facilitate interested resolution applicants. Several applications were filed during the process, including those seeking replacement of the RP and directions for liquidation. Ultimately, a
…Educomp Infrastructure & School Management Limited (Corporate Debtor) underwent Corporate Insolvency Resolution Process (CIRP) initiated under Section 10 of the Insolvency and Bankruptcy Code, 2016. The CIRP was triggered by an application which was admitted on 2018-04-25. Mr. Manoj Maheshwari was appointed as the Interim Resolution Professional (IRP), later replaced by Mr. Ashwini Mehra. A public announcement was made, leading to claims of Rs. 11,98,26,06,870 from 8 Financial Creditors and Rs. 6,93,99,975 from 27 Operational Creditors. The Committee of Creditors (CoC) was formed. The RP appointed CBRE South Asia Pvt Ltd. and Ernst & Young Merchant Banking Services Pvt Ltd. to determine the fair value and liquidation value of the corporate debtor. Expression of
…CIRP initiated against Educomp Infrastructure…
IRP issued a public…