The case involves an application for the approval of a resolution plan for Print House (India) Private Limited, a corporate debtor undergoing Corporate Insolvency Resolution Proceedings (CIRP). The CIRP was initiated following an order dated 9th October 2018. The resolution plan was submitted by Sify Technologies Limited. The applicant, Manish Baldeva, is the Resolution Professional. The CIRP was initiated under Section 10 of the Insolvency and Bankruptcy Code, 2016.
Print House (India) Private Limited, the Corporate Debtor, faced financial difficulties leading to the initiation of Corporate Insolvency Resolution Proceedings (CIRP) on 9th October 2018. Manish Baldeva was appointed as the Resolution Professional (RP). The RP invited Expressions of Interest (EoI) from potential resolution applicants, and after multiple rounds, Sify Technologies Limited submitted a resolution plan. The Committee of Creditors (CoC) approved the resolution plan submitted by Sify Technologies Limited with the requisite majority. The resolution plan involves a financial proposal, payment schedules, management implementation, and reliefs sought by the resolution applicant. The ex-directors/promoters, Pramod Hendre and Nandkumar Hendre, submitted a proposal
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Corporate Insolvency Resolution Proceedings…
Vinit Gangwal replaced Venkata…
The case involves an application for the approval of a resolution plan for Print House (India) Private Limited, a corporate debtor undergoing Corporate Insolvency Resolution Proceedings (CIRP). The CIRP was initiated following an order dated 9th October 2018. The resolution plan was submitted by Sify Technologies Limited. The applicant, Manish Baldeva, is the Resolution Professional. The CIRP was initiated under Section 10 of the Insolvency and Bankruptcy Code, 2016.
Print House (India) Private Limited, the Corporate Debtor, faced financial difficulties leading to the initiation of Corporate Insolvency Resolution Proceedings (CIRP) on 9th October 2018. Manish Baldeva was appointed as the Resolution Professional (RP). The RP invited Expressions of Interest (EoI) from potential resolution applicants, and after multiple rounds, Sify Technologies Limited submitted a resolution plan. The Committee of Creditors (CoC) approved the resolution plan submitted by Sify Technologies Limited with the requisite majority. The resolution plan involves a financial proposal, payment schedules, management implementation, and reliefs sought by the resolution applicant. The ex-directors/promoters, Pramod Hendre and Nandkumar Hendre, submitted a proposal
…Corporate Insolvency Resolution Proceedings…
Vinit Gangwal replaced Venkata…