The Resolution Professional (RP) of Kei-Rsos Maritime Limited sought approval for a resolution plan under Section 30(6) of the Insolvency and Bankruptcy Act, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated on 2019-08-28. The Committee of Creditors (CoC) appointed Mr. Anand Chandra Swain as the Interim Resolution Professional (IRP), later approved as RP on 2019-12-24. The IRP valued the assets through Protocol Valuers & Crest Capital. Expression of Interest (EoI) was invited, and two resolution applicants (RAs) responded: Bluemine Marine Solutions Private Limited and Divetech Marine Engineering Services Private Limited. The RAs submitted resolution plans on 2020-10-10, which were incomplete due to pending vessel inspections. The CoC instructed
…Kei-Rsos Maritime Limited underwent Corporate Insolvency Resolution Process (CIRP) initiated on 2019-08-28. Mr. Anand Chandra Swain was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The RP invited Expression of Interest (EoI) and received responses from Bluemine Marine Solutions Private Limited and Divetech Marine Engineering Services Private Limited. The resolution plans submitted by the applicants were initially incomplete. Cyclone Tauktae caused damage to a vessel (CS IX) belonging to the Corporate Debtor. The CoC approved the resolution plan of Divetech Marine Engineering Services Private Limited with 100% voting on 2021-06-10. Bluemine Marine Solutions Private Limited filed an application
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Corporate Insolvency…
Mr. Anand Chandra Swain…
The Resolution Professional (RP) of Kei-Rsos Maritime Limited sought approval for a resolution plan under Section 30(6) of the Insolvency and Bankruptcy Act, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated on 2019-08-28. The Committee of Creditors (CoC) appointed Mr. Anand Chandra Swain as the Interim Resolution Professional (IRP), later approved as RP on 2019-12-24. The IRP valued the assets through Protocol Valuers & Crest Capital. Expression of Interest (EoI) was invited, and two resolution applicants (RAs) responded: Bluemine Marine Solutions Private Limited and Divetech Marine Engineering Services Private Limited. The RAs submitted resolution plans on 2020-10-10, which were incomplete due to pending vessel inspections. The CoC instructed
…Kei-Rsos Maritime Limited underwent Corporate Insolvency Resolution Process (CIRP) initiated on 2019-08-28. Mr. Anand Chandra Swain was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The RP invited Expression of Interest (EoI) and received responses from Bluemine Marine Solutions Private Limited and Divetech Marine Engineering Services Private Limited. The resolution plans submitted by the applicants were initially incomplete. Cyclone Tauktae caused damage to a vessel (CS IX) belonging to the Corporate Debtor. The CoC approved the resolution plan of Divetech Marine Engineering Services Private Limited with 100% voting on 2021-06-10. Bluemine Marine Solutions Private Limited filed an application
…Corporate Insolvency…
Mr. Anand Chandra Swain…