The case involves an application filed by the Resolution Professional (RP) under Section 12A of the Insolvency and Bankruptcy Code (IBC) seeking permission to withdraw the Corporate Insolvency Resolution Process (CIRP) initiated against the Corporate Debtor, Nithin Grains & Mills Pvt Ltd. The CIRP was initially triggered by an application filed by the Operational Creditor, Vishwabharti Foods Private Limited, under Section 9 of the IBC. The Adjudicating Authority had admitted the application on 22.03.2018. The RP was appointed as per the orders of the Adjudicating Authority. The Committee of Creditors (COC) deferred the invitation of Expression of Interest (EOI) due to a proposal for One-Time Settlement (OTS) by the corporate debtor, which was under consideration
…Vishwabharti Foods Private Limited, an Operational Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Nithin Grains & Mills Pvt Ltd, the Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code (IBC). The Adjudicating Authority admitted the application on 22.03.2018. The Committee of Creditors (COC) deferred the invitation of Expression of Interest (EOI) due to a proposal for One-Time Settlement (OTS) by the Corporate Debtor, which was under consideration with Bank of India, the Financial Creditor. The CIRP period was coming to an end, and the Resolution Professional (RP) filed an application to extend the CIRP period, which was granted by the Tribunal. The Corporate Debtor negotiated a settlement with the Operational Creditor
…Sign in to view the parties.
The Adjudicating Authority admitted the…
Expression of Interest…
The case involves an application filed by the Resolution Professional (RP) under Section 12A of the Insolvency and Bankruptcy Code (IBC) seeking permission to withdraw the Corporate Insolvency Resolution Process (CIRP) initiated against the Corporate Debtor, Nithin Grains & Mills Pvt Ltd. The CIRP was initially triggered by an application filed by the Operational Creditor, Vishwabharti Foods Private Limited, under Section 9 of the IBC. The Adjudicating Authority had admitted the application on 22.03.2018. The RP was appointed as per the orders of the Adjudicating Authority. The Committee of Creditors (COC) deferred the invitation of Expression of Interest (EOI) due to a proposal for One-Time Settlement (OTS) by the corporate debtor, which was under consideration
…Vishwabharti Foods Private Limited, an Operational Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against Nithin Grains & Mills Pvt Ltd, the Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code (IBC). The Adjudicating Authority admitted the application on 22.03.2018. The Committee of Creditors (COC) deferred the invitation of Expression of Interest (EOI) due to a proposal for One-Time Settlement (OTS) by the Corporate Debtor, which was under consideration with Bank of India, the Financial Creditor. The CIRP period was coming to an end, and the Resolution Professional (RP) filed an application to extend the CIRP period, which was granted by the Tribunal. The Corporate Debtor negotiated a settlement with the Operational Creditor
…The Adjudicating Authority admitted the…
Expression of Interest…