The case involves MA/546/2018 filed in CP/563/IB/CB/2017 under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016, by the Resolution Professional. Initially, an application under Section 7 of the I&B Code was filed by ICICI Bank Limited against Oceanic Edibles International Limited for initiating CIRP, declaring a moratorium, and appointing an Interim Resolution Professional. The application was admitted, a moratorium was declared, and Mr. C. Ramasubramaniam was appointed as Interim Resolution Professional. Subsequently, Mr. Venkata Sivakumar was appointed as Resolution Professional, and later, Pathukasahasram Raghunathan Raman replaced him. The Resolution Professional sought orders for the liquidation of the Corporate Debtor and the continuation of the
…ICICI Bank Limited initiated Corporate Insolvency Resolution Process (CIRP) against Oceanic Edibles International Limited under Section 7 of the I&B Code, 2016. The application was admitted, and a moratorium was declared. Initially, C. Ramasubramaniam was appointed as the Interim Resolution Professional, followed by Venkata Sivakumar as the Resolution Professional. Subsequently, Pathukasahasram Raghunathan Raman replaced Venkata Sivakumar as the Resolution Professional. The Resolution Professional conducted forensic audits and placed financial statements before the Committee of Creditors (CoC). The CoC extended the CIRP timeline. The Resolution Professional filed applications to exclude certain periods from the CIRP timeline. Despite these efforts, no resolution
…Sign in to view the parties.
Order appointing C.…
Mr. Venkata Sivakumar…
The case involves MA/546/2018 filed in CP/563/IB/CB/2017 under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016, by the Resolution Professional. Initially, an application under Section 7 of the I&B Code was filed by ICICI Bank Limited against Oceanic Edibles International Limited for initiating CIRP, declaring a moratorium, and appointing an Interim Resolution Professional. The application was admitted, a moratorium was declared, and Mr. C. Ramasubramaniam was appointed as Interim Resolution Professional. Subsequently, Mr. Venkata Sivakumar was appointed as Resolution Professional, and later, Pathukasahasram Raghunathan Raman replaced him. The Resolution Professional sought orders for the liquidation of the Corporate Debtor and the continuation of the
…ICICI Bank Limited initiated Corporate Insolvency Resolution Process (CIRP) against Oceanic Edibles International Limited under Section 7 of the I&B Code, 2016. The application was admitted, and a moratorium was declared. Initially, C. Ramasubramaniam was appointed as the Interim Resolution Professional, followed by Venkata Sivakumar as the Resolution Professional. Subsequently, Pathukasahasram Raghunathan Raman replaced Venkata Sivakumar as the Resolution Professional. The Resolution Professional conducted forensic audits and placed financial statements before the Committee of Creditors (CoC). The CoC extended the CIRP timeline. The Resolution Professional filed applications to exclude certain periods from the CIRP timeline. Despite these efforts, no resolution
…Order appointing C.…
Mr. Venkata Sivakumar…