The Corporate Insolvency Resolution Process (CIRP) was initiated against MAIIA COMMODITY MANAGEMENT PVT. LTD. by an order dated 29.08.2018. The order was issued by the Adjudicating Authority on a Section 10 Petition filed by the Corporate Applicant. Ms. Jovita Reema Mathia was appointed as Interim Resolution Professional (IRP) and later confirmed as Resolution Professional (RP) by the Committee of Creditors (CoC).
The Corporate Insolvency Resolution Process (CIRP) was initiated against MAIIA COMMODITY MANAGEMENT PVT. LTD. based on a Section 10 Petition. Ms. Jovita Reema Mathia was appointed as the Interim Resolution Professional (IRP) and later confirmed as Resolution Professional (RP). The RP made a public announcement and appointed two registered valuers. An Information Memorandum was prepared, and an advertisement for Expression of Interest (EOI) was issued. Only one resolution plan was received from the erstwhile director of the Corporate Debtor, but it was rejected by the Committee of Creditors (CoC) because it was not in the best interest of the Corporate Debtor. The CoC decided to liquidate the company with 96.32% voting. The Adjudicating Authority then ordered the
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Corporate Insolvency Resolution Process (CIRP)…
Public announcement was…
The Corporate Insolvency Resolution Process (CIRP) was initiated against MAIIA COMMODITY MANAGEMENT PVT. LTD. by an order dated 29.08.2018. The order was issued by the Adjudicating Authority on a Section 10 Petition filed by the Corporate Applicant. Ms. Jovita Reema Mathia was appointed as Interim Resolution Professional (IRP) and later confirmed as Resolution Professional (RP) by the Committee of Creditors (CoC).
The Corporate Insolvency Resolution Process (CIRP) was initiated against MAIIA COMMODITY MANAGEMENT PVT. LTD. based on a Section 10 Petition. Ms. Jovita Reema Mathia was appointed as the Interim Resolution Professional (IRP) and later confirmed as Resolution Professional (RP). The RP made a public announcement and appointed two registered valuers. An Information Memorandum was prepared, and an advertisement for Expression of Interest (EOI) was issued. Only one resolution plan was received from the erstwhile director of the Corporate Debtor, but it was rejected by the Committee of Creditors (CoC) because it was not in the best interest of the Corporate Debtor. The CoC decided to liquidate the company with 96.32% voting. The Adjudicating Authority then ordered the
…Corporate Insolvency Resolution Process (CIRP)…
Public announcement was…