The case involves a Miscellaneous Application (MA/517/2018) filed in CP/564/IB/CB/2017 by the Resolution Professional, Mr. V. Nagarajan, under Section 33(1)(a)/34(1) of the Insolvency and Bankruptcy Code, 2016. The initial Corporate Insolvency Resolution Process (CIRP) was initiated by ICICI Bank Limited against Oceanic Tropical Fruits Private Limited under Section 7 of the I&B Code, 2016. The CIRP was admitted on 2017-09-12, and a moratorium was declared. Mr. C. Ramasubramaniam was appointed as Interim Resolution Professional (IRP). The Committee of Creditors (CoC) proposed Mr. V. Nagarajan as the Resolution Professional, which was confirmed on 2018-02-09. Despite inviting resolution plans, the CoC did not discuss them, and the CIRP period expired on 2018-09-05.
ICICI Bank Limited initiated CIRP against Oceanic Tropical Fruits Private Limited under Section 7 of the I&B Code, 2016. The CIRP was admitted on 2017-09-12, and a moratorium was declared. Mr. C. Ramasubramaniam was appointed as Interim Resolution Professional (IRP). The CoC proposed Mr. V. Nagarajan as the Resolution Professional, confirmed on 2018-02-09. Three Resolution Applicants expressed interest, but only two submitted plans. The CoC did not discuss the resolution plans, and the CIRP period expired on 2018-09-05. The Resolution Professional filed MA/517/2018 seeking liquidation. No resolution plan was received under Section 30(6) of the I&B Code. The Adjudicating Authority ordered liquidation under Section 33 of the I&B Code. Mr. V. Nagarajan was
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CIRP initiated by ICICI Bank Limited against…
The CoC in its first…
The case involves a Miscellaneous Application (MA/517/2018) filed in CP/564/IB/CB/2017 by the Resolution Professional, Mr. V. Nagarajan, under Section 33(1)(a)/34(1) of the Insolvency and Bankruptcy Code, 2016. The initial Corporate Insolvency Resolution Process (CIRP) was initiated by ICICI Bank Limited against Oceanic Tropical Fruits Private Limited under Section 7 of the I&B Code, 2016. The CIRP was admitted on 2017-09-12, and a moratorium was declared. Mr. C. Ramasubramaniam was appointed as Interim Resolution Professional (IRP). The Committee of Creditors (CoC) proposed Mr. V. Nagarajan as the Resolution Professional, which was confirmed on 2018-02-09. Despite inviting resolution plans, the CoC did not discuss them, and the CIRP period expired on 2018-09-05.
ICICI Bank Limited initiated CIRP against Oceanic Tropical Fruits Private Limited under Section 7 of the I&B Code, 2016. The CIRP was admitted on 2017-09-12, and a moratorium was declared. Mr. C. Ramasubramaniam was appointed as Interim Resolution Professional (IRP). The CoC proposed Mr. V. Nagarajan as the Resolution Professional, confirmed on 2018-02-09. Three Resolution Applicants expressed interest, but only two submitted plans. The CoC did not discuss the resolution plans, and the CIRP period expired on 2018-09-05. The Resolution Professional filed MA/517/2018 seeking liquidation. No resolution plan was received under Section 30(6) of the I&B Code. The Adjudicating Authority ordered liquidation under Section 33 of the I&B Code. Mr. V. Nagarajan was
…CIRP initiated by ICICI Bank Limited against…
The CoC in its first…