The case pertains to the approval of a resolution plan for Maxim Infra Venue Pvt. Ltd., a corporate debtor, under Section 30(6) and 31 of the Insolvency and Bankruptcy Code, 2016. The insolvency petition was filed by the corporate applicant, Maxim Infra Venue Pvt. Ltd., under Section 10 of the Code, leading to the initiation of the Corporate Insolvency Resolution Process (CIRP). An Interim Resolution Professional (IRP) was appointed, who then issued a public announcement inviting claims from creditors. The Committee of Creditors (CoC) was constituted, and resolution applicants were invited to submit plans. After several meetings and revisions, a resolution plan submitted jointly by Shri Ram Prakash Singh and Smt. Indu Walia was approved by the CoC with 100% voting
…Maxim Infra Venue Pvt. Ltd. underwent Corporate Insolvency Resolution Process (CIRP) after an application under Section 10 of the Insolvency and Bankruptcy Code, 2016 was admitted on 13.09.2018. An Interim Resolution Professional (IRP) was appointed on 20.09.2018 and made a public announcement inviting claims from creditors. The Committee of Creditors (CoC) was formed, initially comprising State Bank of India and Mr. Mohinder Lal Sharma, each holding 50% voting share. Two valuers were appointed to determine the liquidation value of the corporate debtor. The CoC resolved to continue with the IRP as the Resolution Professional (RP). Four prospective resolution applicants expressed interest, and three were found eligible. The CoC sought an extension of the CIRP by 90
…Sign in to view the parties.
Order passed admitting the insolvency petition…
Arvind Kumar was…
The case pertains to the approval of a resolution plan for Maxim Infra Venue Pvt. Ltd., a corporate debtor, under Section 30(6) and 31 of the Insolvency and Bankruptcy Code, 2016. The insolvency petition was filed by the corporate applicant, Maxim Infra Venue Pvt. Ltd., under Section 10 of the Code, leading to the initiation of the Corporate Insolvency Resolution Process (CIRP). An Interim Resolution Professional (IRP) was appointed, who then issued a public announcement inviting claims from creditors. The Committee of Creditors (CoC) was constituted, and resolution applicants were invited to submit plans. After several meetings and revisions, a resolution plan submitted jointly by Shri Ram Prakash Singh and Smt. Indu Walia was approved by the CoC with 100% voting
…Maxim Infra Venue Pvt. Ltd. underwent Corporate Insolvency Resolution Process (CIRP) after an application under Section 10 of the Insolvency and Bankruptcy Code, 2016 was admitted on 13.09.2018. An Interim Resolution Professional (IRP) was appointed on 20.09.2018 and made a public announcement inviting claims from creditors. The Committee of Creditors (CoC) was formed, initially comprising State Bank of India and Mr. Mohinder Lal Sharma, each holding 50% voting share. Two valuers were appointed to determine the liquidation value of the corporate debtor. The CoC resolved to continue with the IRP as the Resolution Professional (RP). Four prospective resolution applicants expressed interest, and three were found eligible. The CoC sought an extension of the CIRP by 90
…Order passed admitting the insolvency petition…
Arvind Kumar was…