The case involves an application filed by the Resolution Professional, Mr. Anil Kohli, for approval of a Resolution Plan submitted by Harsh Poultry Farms under Sections 30(6) and 31 of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated against MOR Farms Pvt. Ltd. based on a petition filed by State Bank of India, the Financial Creditor, under Section 7 of the Code. The petition was admitted on 04.09.2017, and Mr. Anil Kohli was appointed as the Interim Resolution Professional (IRP). The Resolution Professional made a public announcement inviting claims from creditors and constituted a Committee of Creditors (CoC) comprising State Bank of India and Bank of India. The Resolution Professional also appointed two
…The State Bank of India initiated Corporate Insolvency Resolution Process (CIRP) against MOR Farms Pvt. Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016. The petition was admitted on 04.09.2017. Anil Kohli was appointed as the Interim Resolution Professional (IRP). The IRP collated claims and constituted a Committee of Creditors (CoC) comprising State Bank of India (96.22% voting share) and Bank of India (3.78% voting share). The total debt of financial creditors was calculated at ₹32,52,38,249.84. The Resolution Professional appointed two registered valuers to determine the liquidation value, which averaged ₹3.91 crores. An Information Memorandum (IM) was prepared and shared with the CoC members. Harsh Poultry Farms submitted a resolution plan with a
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Tribunal admitted the petition filed by State…
Mr. Anil Kohli was…
The case involves an application filed by the Resolution Professional, Mr. Anil Kohli, for approval of a Resolution Plan submitted by Harsh Poultry Farms under Sections 30(6) and 31 of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated against MOR Farms Pvt. Ltd. based on a petition filed by State Bank of India, the Financial Creditor, under Section 7 of the Code. The petition was admitted on 04.09.2017, and Mr. Anil Kohli was appointed as the Interim Resolution Professional (IRP). The Resolution Professional made a public announcement inviting claims from creditors and constituted a Committee of Creditors (CoC) comprising State Bank of India and Bank of India. The Resolution Professional also appointed two
…The State Bank of India initiated Corporate Insolvency Resolution Process (CIRP) against MOR Farms Pvt. Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016. The petition was admitted on 04.09.2017. Anil Kohli was appointed as the Interim Resolution Professional (IRP). The IRP collated claims and constituted a Committee of Creditors (CoC) comprising State Bank of India (96.22% voting share) and Bank of India (3.78% voting share). The total debt of financial creditors was calculated at ₹32,52,38,249.84. The Resolution Professional appointed two registered valuers to determine the liquidation value, which averaged ₹3.91 crores. An Information Memorandum (IM) was prepared and shared with the CoC members. Harsh Poultry Farms submitted a resolution plan with a
…Tribunal admitted the petition filed by State…
Mr. Anil Kohli was…