The case involves an application filed by the Resolution Professional (RP) upon the instructions of the Committee of Creditors (CoC) seeking liquidation of Madhusala Drinks Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor following a petition filed by State Bank of India under section 7 of the Insolvency and Bankruptcy Code, 2016. Jitendra Lohia was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). Despite several extensions for submission of a resolution plan, none were received, leading the CoC to resolve for liquidation.
State Bank of India initiated Corporate Insolvency Resolution Process (CIRP) against Madhusala Drinks Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Adjudicating Authority admitted the petition on 2019-08-26. Jitendra Lohia was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). Public announcement was made on 2019-08-28, with a deadline of 2019-09-09 for submitting claims. The Committee of Creditors (CoC) was constituted with two financial creditors. The first CoC meeting was held on 2019-09-19, where the RP was appointed. Invitations for Expression of Interest (EOI) were published multiple times, with the last date for submission being 2021-03-05. Three EOIs were received,
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The case involves an application filed by the Resolution Professional (RP) upon the instructions of the Committee of Creditors (CoC) seeking liquidation of Madhusala Drinks Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor following a petition filed by State Bank of India under section 7 of the Insolvency and Bankruptcy Code, 2016. Jitendra Lohia was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). Despite several extensions for submission of a resolution plan, none were received, leading the CoC to resolve for liquidation.
State Bank of India initiated Corporate Insolvency Resolution Process (CIRP) against Madhusala Drinks Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Adjudicating Authority admitted the petition on 2019-08-26. Jitendra Lohia was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). Public announcement was made on 2019-08-28, with a deadline of 2019-09-09 for submitting claims. The Committee of Creditors (CoC) was constituted with two financial creditors. The first CoC meeting was held on 2019-09-19, where the RP was appointed. Invitations for Expression of Interest (EOI) were published multiple times, with the last date for submission being 2021-03-05. Three EOIs were received,
…Adjudicating Authority directed initiation of…
Public announcement made in Financial Express…
Sign in to view related legal provisions.