The case involves an application filed by United Bank of India, the Financial Creditor, under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Kanupat Himghar Private Limited, the Corporate Debtor, for initiating the insolvency resolution process. The application was admitted on January 15, 2019, and Mr. Soumitra Lahiri was appointed as the Interim Resolution Professional, later regularized as the Resolution Professional. The Resolution Professional continued the process and obtained approval of the Resolution Plan from the Committee of Creditors with a 100% voting share.
United Bank of India initiated insolvency proceedings against Kanupat Himghar Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The application was admitted on January 15, 2019, and Soumitra Lahiri was appointed as the Interim Resolution Professional, later becoming the Resolution Professional. The Committee of Creditors (CoC) approved a resolution plan submitted by a consortium including Animesh Karar, Raghbir Singh, and Arup Kumar Ghosh with 100% voting share. The CoC deliberated on the plan after commercial negotiations with the Resolution Applicants. The Resolution Professional certified the correctness of the procedures followed. The court found no objections from shareholders and was satisfied that the plan complied with the IBC, 2016,
…Sign in to view the parties.
The CP(IB) No. 1103/KB/2018 was filed by…
The application was admitted, and Mr.…
The case involves an application filed by United Bank of India, the Financial Creditor, under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Kanupat Himghar Private Limited, the Corporate Debtor, for initiating the insolvency resolution process. The application was admitted on January 15, 2019, and Mr. Soumitra Lahiri was appointed as the Interim Resolution Professional, later regularized as the Resolution Professional. The Resolution Professional continued the process and obtained approval of the Resolution Plan from the Committee of Creditors with a 100% voting share.
United Bank of India initiated insolvency proceedings against Kanupat Himghar Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The application was admitted on January 15, 2019, and Soumitra Lahiri was appointed as the Interim Resolution Professional, later becoming the Resolution Professional. The Committee of Creditors (CoC) approved a resolution plan submitted by a consortium including Animesh Karar, Raghbir Singh, and Arup Kumar Ghosh with 100% voting share. The CoC deliberated on the plan after commercial negotiations with the Resolution Applicants. The Resolution Professional certified the correctness of the procedures followed. The court found no objections from shareholders and was satisfied that the plan complied with the IBC, 2016,
…The CP(IB) No. 1103/KB/2018 was filed by…
The application was admitted, and Mr.…