The case pertains to an application filed by the Resolution Professional for the approval of a resolution plan under Section 30(6) of the Insolvency and Bankruptcy Code, 2016. The Corporate Debtor was admitted into the Corporate Insolvency Resolution Process (CIRP) on 25.04.2019, following an application by a Financial Creditor under Section 7 of the IB Code. The Committee of Creditors (CoC) was formed, comprising seven financial creditors, and approved the resolution plan with a 100% vote.
The Corporate Debtor, Nijinoy Trading Private Limited, was admitted into CIRP on 25.04.2019 following an application by a Financial Creditor. The Resolution Professional, Mr. Parwincharan P. Dwari, was appointed as the Interim Resolution Professional (IRP). The Committee of Creditors (CoC) was formed, comprising seven financial creditors, and approved the resolution plan with a 100% vote. The successful Resolution Applicant agreed to a consideration of Rs. 19.36 lakhs to the creditors of the Corporate Debtor, including CIRP costs and contingent liabilities. The resolution plan provides for the payment of Rs. 3 Lakhs CIRP cost as a priority payment. The Corporate Debtor has seven Financial Creditors with an admitted claim amount of Rs. 1,24,49,127/-, for which the
…Sign in to view the parties.
The IRP constituted the Committee of Creditors…
The Corporate Debtor was admitted into CIRP…
The case pertains to an application filed by the Resolution Professional for the approval of a resolution plan under Section 30(6) of the Insolvency and Bankruptcy Code, 2016. The Corporate Debtor was admitted into the Corporate Insolvency Resolution Process (CIRP) on 25.04.2019, following an application by a Financial Creditor under Section 7 of the IB Code. The Committee of Creditors (CoC) was formed, comprising seven financial creditors, and approved the resolution plan with a 100% vote.
The Corporate Debtor, Nijinoy Trading Private Limited, was admitted into CIRP on 25.04.2019 following an application by a Financial Creditor. The Resolution Professional, Mr. Parwincharan P. Dwari, was appointed as the Interim Resolution Professional (IRP). The Committee of Creditors (CoC) was formed, comprising seven financial creditors, and approved the resolution plan with a 100% vote. The successful Resolution Applicant agreed to a consideration of Rs. 19.36 lakhs to the creditors of the Corporate Debtor, including CIRP costs and contingent liabilities. The resolution plan provides for the payment of Rs. 3 Lakhs CIRP cost as a priority payment. The Corporate Debtor has seven Financial Creditors with an admitted claim amount of Rs. 1,24,49,127/-, for which the
…The IRP constituted the Committee of Creditors…
The Corporate Debtor was admitted into CIRP…