The case involves an application (IA 846 of 2020) filed by the Resolution Professional (RP) of M/s. M.V. Omni Projects (India) Limited, the Corporate Debtor, under Section 30(6) and 31 of the Insolvency and Bankruptcy Code, 2016 (IBC) for seeking approval of a Resolution Plan. The Corporate Insolvency Resolution Process (CIRP) was initiated following an application filed by an Operational Creditor, Mr. Nandish Patel, under Section 9 of the IBC. The CIRP was admitted on 29.08.2019, and Mr. Manish Kumar Bhagat was appointed as the Interim Resolution Professional (IRP). The Committee of Creditors (CoC) was formed, and they decided to appoint the Applicant as RP. The initial 180-day CIRP period was extended, and further extensions were granted due to the nationwide
…The Corporate Debtor, M/s. M.V. Omni Projects (India) Limited, underwent Corporate Insolvency Resolution Process (CIRP) after an application was filed by Operational Creditor Mr. Nandish Patel under Section 9 of the Insolvency and Bankruptcy Code (IBC). The CIRP was admitted on 29.08.2019. Mr. Manish Kumar Bhagat was appointed as the Interim Resolution Professional (IRP). The Committee of Creditors (CoC) was formed and decided to appoint the Applicant, Parthiv Parikh, as the Resolution Professional (RP). The CIRP period was extended due to the nationwide lockdown. Two Resolution Plans were received after several calls for Expression of Interest (Eol). The CoC requested modifications to the plans. Ultimately, the Resolution Plan submitted by Mr. M. C. Pandey jointly
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Corporate Insolvency…
Committee of Creditors (CoC) decided to appoint…
The case involves an application (IA 846 of 2020) filed by the Resolution Professional (RP) of M/s. M.V. Omni Projects (India) Limited, the Corporate Debtor, under Section 30(6) and 31 of the Insolvency and Bankruptcy Code, 2016 (IBC) for seeking approval of a Resolution Plan. The Corporate Insolvency Resolution Process (CIRP) was initiated following an application filed by an Operational Creditor, Mr. Nandish Patel, under Section 9 of the IBC. The CIRP was admitted on 29.08.2019, and Mr. Manish Kumar Bhagat was appointed as the Interim Resolution Professional (IRP). The Committee of Creditors (CoC) was formed, and they decided to appoint the Applicant as RP. The initial 180-day CIRP period was extended, and further extensions were granted due to the nationwide
…The Corporate Debtor, M/s. M.V. Omni Projects (India) Limited, underwent Corporate Insolvency Resolution Process (CIRP) after an application was filed by Operational Creditor Mr. Nandish Patel under Section 9 of the Insolvency and Bankruptcy Code (IBC). The CIRP was admitted on 29.08.2019. Mr. Manish Kumar Bhagat was appointed as the Interim Resolution Professional (IRP). The Committee of Creditors (CoC) was formed and decided to appoint the Applicant, Parthiv Parikh, as the Resolution Professional (RP). The CIRP period was extended due to the nationwide lockdown. Two Resolution Plans were received after several calls for Expression of Interest (Eol). The CoC requested modifications to the plans. Ultimately, the Resolution Plan submitted by Mr. M. C. Pandey jointly
…Corporate Insolvency…
Committee of Creditors (CoC) decided to appoint…