The case pertains to MA 422/2019 filed in CP 241/30(6)/MB/2018 before the National Company Law Tribunal (NCLT), Mumbai Bench. The application was filed by the Resolution Professional, Ms. Sujata Chattopadhyay, under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, seeking approval of the resolution plan for the Corporate Debtor, Maruti Cotex Ltd. The CIRP was initiated after the admission of a petition under Section 7 of the IBC. The resolution process involved inviting Expression of Interest (EoI), receiving resolution plans, and deliberations by the Committee of Creditors (CoC).
The Corporate Insolvency Resolution Process (CIRP) was initiated against Maruti Cotex Ltd after a petition was admitted under Section 7 of the Insolvency and Bankruptcy Code (IBC). Ms. Sujata Chattopadhyay was appointed as the Interim Resolution Professional and later as the Resolution Professional. The Committee of Creditors (CoC) was formed, and multiple resolution plans were received. The Resolution Professional invited Expression of Interest (EoI) and provided required documents to Prospective Resolution Applicants (PRAs). The last date for submission of the resolution plan was extended multiple times due to floods in Kolhapur. The liquidation value of the assets of the Corporate Debtor was ascertained by two valuers. The CoC approved the resolution plan submitted
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The case pertains to MA 422/2019 filed in CP 241/30(6)/MB/2018 before the National Company Law Tribunal (NCLT), Mumbai Bench. The application was filed by the Resolution Professional, Ms. Sujata Chattopadhyay, under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, seeking approval of the resolution plan for the Corporate Debtor, Maruti Cotex Ltd. The CIRP was initiated after the admission of a petition under Section 7 of the IBC. The resolution process involved inviting Expression of Interest (EoI), receiving resolution plans, and deliberations by the Committee of Creditors (CoC).
The Corporate Insolvency Resolution Process (CIRP) was initiated against Maruti Cotex Ltd after a petition was admitted under Section 7 of the Insolvency and Bankruptcy Code (IBC). Ms. Sujata Chattopadhyay was appointed as the Interim Resolution Professional and later as the Resolution Professional. The Committee of Creditors (CoC) was formed, and multiple resolution plans were received. The Resolution Professional invited Expression of Interest (EoI) and provided required documents to Prospective Resolution Applicants (PRAs). The last date for submission of the resolution plan was extended multiple times due to floods in Kolhapur. The liquidation value of the assets of the Corporate Debtor was ascertained by two valuers. The CoC approved the resolution plan submitted
…The Adjudicating Authority admitted a petition…
The Interim Resolution Professional issued a…
Sign in to view related legal provisions.