The application was filed by Mr. Prem Chand Goyal, the Resolution Professional of Ram Lal Aneja Foods Pvt. Ltd, seeking initiation of liquidation proceedings under Section 33(2) of the Insolvency and Bankruptcy Code, 2016.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Ram Lal Aneja Foods Pvt. Ltd based on an application by Aman Bajaj, an Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016.
The application for CIRP was admitted on 13.01.2023, and Mr. Akhil Ahuja Bhasin was appointed as the Interim Resolution Professional (IRP).
The IRP made a public announcement as per regulations and constituted the Committee of Creditors (CoC) on 04.02.2023.
The CoC comprised Punjab National Bank as the sole financial creditor with 100% voting share.
Several meetings of the CoC were held to explore resolution plans, but ultimately, the CoC voted for liquidation with a 100% vote share on 06.09.2023.
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Application of the Corporate Debtor was…
Mr. Akhil Ahuja Bhasin…
The application was filed by Mr. Prem Chand Goyal, the Resolution Professional of Ram Lal Aneja Foods Pvt. Ltd, seeking initiation of liquidation proceedings under Section 33(2) of the Insolvency and Bankruptcy Code, 2016.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Ram Lal Aneja Foods Pvt. Ltd based on an application by Aman Bajaj, an Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016.
The application for CIRP was admitted on 13.01.2023, and Mr. Akhil Ahuja Bhasin was appointed as the Interim Resolution Professional (IRP).
The IRP made a public announcement as per regulations and constituted the Committee of Creditors (CoC) on 04.02.2023.
The CoC comprised Punjab National Bank as the sole financial creditor with 100% voting share.
Several meetings of the CoC were held to explore resolution plans, but ultimately, the CoC voted for liquidation with a 100% vote share on 06.09.2023.
…Application of the Corporate Debtor was…
Mr. Akhil Ahuja Bhasin…