The case involves an application filed by the Resolution Professional of M/s. KTC Foods Private Limited (Corporate Debtor) for an order requiring the corporate debtor to be liquidated. The petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 was filed by Ashok Kumar and Brother (Operational Creditor) for initiating the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. The petition was admitted on 29.08.2018, and a moratorium was declared. Mr. Mast Ram was appointed as Interim Resolution Professional (IRP), later replaced by Mr. Anup Kumar Singh.
Ashok Kumar and Brother, an Operational Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against K.T.C. Foods Private Limited, the Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The CIRP was admitted on 2018-08-29, and a moratorium was imposed. Mr. Mast Ram was initially appointed as the Interim Resolution Professional (IRP) but was later replaced by Mr. Anup Kumar Singh. Despite extending the period for submission of a resolution plan, no plan was received. The Committee of Creditors (COC) then resolved to liquidate the Corporate Debtor with 100% voting rights. The Resolution Professional, Mr. Anup Kumar Singh, consented to act as the Liquidator. Form G was published in multiple newspapers. The last date for receipt of
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The petition under…
Mr. Mast Ram was…
The case involves an application filed by the Resolution Professional of M/s. KTC Foods Private Limited (Corporate Debtor) for an order requiring the corporate debtor to be liquidated. The petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 was filed by Ashok Kumar and Brother (Operational Creditor) for initiating the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. The petition was admitted on 29.08.2018, and a moratorium was declared. Mr. Mast Ram was appointed as Interim Resolution Professional (IRP), later replaced by Mr. Anup Kumar Singh.
Ashok Kumar and Brother, an Operational Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against K.T.C. Foods Private Limited, the Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The CIRP was admitted on 2018-08-29, and a moratorium was imposed. Mr. Mast Ram was initially appointed as the Interim Resolution Professional (IRP) but was later replaced by Mr. Anup Kumar Singh. Despite extending the period for submission of a resolution plan, no plan was received. The Committee of Creditors (COC) then resolved to liquidate the Corporate Debtor with 100% voting rights. The Resolution Professional, Mr. Anup Kumar Singh, consented to act as the Liquidator. Form G was published in multiple newspapers. The last date for receipt of
…The petition under…
Mr. Mast Ram was…