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 successfully obtained approval of the Resolution Plan from the Committee of Creditors, leading to the filing of an application for its approval.
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 Mr. Soumitra Lahiri was appointed as the Interim Resolution Professional, later becoming the Resolution Professional. The Resolution Professional obtained approval for a Resolution Plan from the Committee of Creditors with 100% voting share. The Resolution Plan was submitted by a consortium including Mr. Animesh Karar. The Committee of Creditors deliberated and negotiated the plan, holding meetings on September 18 and 21, 2019, before adjourning to September 24, 2019, where the revised plan was approved. The court verified compliance with the Insolvency &
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CP(IB) No. 1103/KB/2018 was filed by United…
The application was admitted, and Mr. Soumitra…
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 successfully obtained approval of the Resolution Plan from the Committee of Creditors, leading to the filing of an application for its approval.
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 Mr. Soumitra Lahiri was appointed as the Interim Resolution Professional, later becoming the Resolution Professional. The Resolution Professional obtained approval for a Resolution Plan from the Committee of Creditors with 100% voting share. The Resolution Plan was submitted by a consortium including Mr. Animesh Karar. The Committee of Creditors deliberated and negotiated the plan, holding meetings on September 18 and 21, 2019, before adjourning to September 24, 2019, where the revised plan was approved. The court verified compliance with the Insolvency &
…CP(IB) No. 1103/KB/2018 was filed by United…
The application was admitted, and Mr. Soumitra…