The Corporate Insolvency Resolution Process (CIRP) was initiated against MAIIA Commodity Management PVT. LTD. by an order dated 2018-08-29 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 RP made a public announcement on 2018-09-03, setting 2018-09-14 as the deadline for submitting claims. The RP appointed two registered valuers and prepared an evaluation matrix and Information Memorandum. An advertisement was issued calling for an expression of interest (EOI), and the RP issued a detailed invitation to prospective resolution applicants. The RP prepared the
…The Corporate Insolvency Resolution Process (CIRP) was initiated against MAIIA Commodity Management PVT. LTD. based on a Section 10 petition. Jovita Reema Mathia was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). A public announcement was made, and a deadline for submitting claims was set. Two registered valuers were appointed, and an Information Memorandum was prepared. An expression of interest (EOI) was issued, and a request for a resolution plan (RFRP) was sent to prospective applicants. Only one resolution plan was received from the Corporate Debtor's director, which the CoC rejected. The CoC voted to liquidate the company with 96.32% voting. The Resolution Professional agreed to act as liquidator.
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The Corporate Insolvency Resolution Process…
The RP made a public announcement fixing…
The Corporate Insolvency Resolution Process (CIRP) was initiated against MAIIA Commodity Management PVT. LTD. by an order dated 2018-08-29 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 RP made a public announcement on 2018-09-03, setting 2018-09-14 as the deadline for submitting claims. The RP appointed two registered valuers and prepared an evaluation matrix and Information Memorandum. An advertisement was issued calling for an expression of interest (EOI), and the RP issued a detailed invitation to prospective resolution applicants. The RP prepared the
…The Corporate Insolvency Resolution Process (CIRP) was initiated against MAIIA Commodity Management PVT. LTD. based on a Section 10 petition. Jovita Reema Mathia was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). A public announcement was made, and a deadline for submitting claims was set. Two registered valuers were appointed, and an Information Memorandum was prepared. An expression of interest (EOI) was issued, and a request for a resolution plan (RFRP) was sent to prospective applicants. Only one resolution plan was received from the Corporate Debtor's director, which the CoC rejected. The CoC voted to liquidate the company with 96.32% voting. The Resolution Professional agreed to act as liquidator.
…The Corporate Insolvency Resolution Process…
The RP made a public announcement fixing…