The case involves an application under Section 30(1) & (6) and an order under section 31 of the Insolvency & Bankruptcy Code 2016 regarding Ricoh India Limited. The corporate debtor, Ricoh India Ltd., had filed a petition invoking Section 10 of the Code read with Rule 7 of The Insolvency & Bankruptcy (Application to Adjudicating Authority) Rules 2016 in January 2018. The petition was admitted on 14.05.2018. Krishna Chamadia was appointed as the Interim Resolution Professional (IRP), later confirmed as the Resolution Professional (RP). The IRP constituted a Committee of Creditors (CoC) and prepared an Information Memorandum. Several CoC meetings were held to discuss and finalize the resolution plan. The RP received resolution plans from Kotak Investment
…Ricoh India Limited faced insolvency, leading to the initiation of Corporate Insolvency Resolution Process (CIRP). The company had filed a petition under Section 10 of the Insolvency & Bankruptcy Code (IBC) which was admitted on 14.05.2018. An Interim Resolution Professional (IRP), Krishna Chamadia, was appointed and later confirmed as the Resolution Professional (RP). The IRP formed a Committee of Creditors (CoC) and prepared an Information Memorandum. The RP received resolution plans from multiple parties, including Kotak Investment Advisor Limited and Karvy Data Management Systems Limited. The CoC approved the resolution plan submitted by the consortium of Kalpraj Dharamshi & Rekha Jhunjhunwala with 84.36% voting share. The approved resolution plan involved
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Ricoh India Ltd. filed a petition invoking…
The petition filed by…
The case involves an application under Section 30(1) & (6) and an order under section 31 of the Insolvency & Bankruptcy Code 2016 regarding Ricoh India Limited. The corporate debtor, Ricoh India Ltd., had filed a petition invoking Section 10 of the Code read with Rule 7 of The Insolvency & Bankruptcy (Application to Adjudicating Authority) Rules 2016 in January 2018. The petition was admitted on 14.05.2018. Krishna Chamadia was appointed as the Interim Resolution Professional (IRP), later confirmed as the Resolution Professional (RP). The IRP constituted a Committee of Creditors (CoC) and prepared an Information Memorandum. Several CoC meetings were held to discuss and finalize the resolution plan. The RP received resolution plans from Kotak Investment
…Ricoh India Limited faced insolvency, leading to the initiation of Corporate Insolvency Resolution Process (CIRP). The company had filed a petition under Section 10 of the Insolvency & Bankruptcy Code (IBC) which was admitted on 14.05.2018. An Interim Resolution Professional (IRP), Krishna Chamadia, was appointed and later confirmed as the Resolution Professional (RP). The IRP formed a Committee of Creditors (CoC) and prepared an Information Memorandum. The RP received resolution plans from multiple parties, including Kotak Investment Advisor Limited and Karvy Data Management Systems Limited. The CoC approved the resolution plan submitted by the consortium of Kalpraj Dharamshi & Rekha Jhunjhunwala with 84.36% voting share. The approved resolution plan involved
…Ricoh India Ltd. filed a petition invoking…
The petition filed by…