The case pertains to an application (I.A. No. 100 of 2020) filed in an ongoing Corporate Insolvency Resolution Process (CIRP) against M/s SA Rawther Spices Pvt Ltd. The CIRP was initiated based on an application by Cholamandalam Investment and Finance Company Limited. The Resolution Professional (RP) sought an extension of the CIRP period by 90 days beyond the initial 180-day period. The RP cited illness and the need for isolation as reasons for the delay in concluding the CIRP within the stipulated timeframe. The Committee of Creditors (CoC) had unanimously approved the extension in its fifth meeting.
Cholamandalam Investment and Finance Company Limited initiated CIRP against M/s SA Rawther Spices Pvt Ltd. The Adjudicating Authority admitted the CIRP application on August 21, 2019, and appointed Ms. Subramaniam Aneetha as the Interim Resolution Professional (IRP), imposing a moratorium. The IRP received the order copy on August 30, 2019. The IRP then invited claims, verified them, and constituted a Committee of Creditors (CoC) after issuing public notices. The RP appointed valuers to prepare the Information Memorandum and ascertain the fair and liquidation values. In the second CoC meeting on October 23, 2019, the IRP was appointed as the Resolution Professional (RP). The Corporate Debtor, SA Rawther Spices Pvt Ltd, was a major processor and exporter of various
…Sign in to view the parties.
Adjudicating Authority admitted the CIRP…
Ms. Subramaniam Aneetha…
The case pertains to an application (I.A. No. 100 of 2020) filed in an ongoing Corporate Insolvency Resolution Process (CIRP) against M/s SA Rawther Spices Pvt Ltd. The CIRP was initiated based on an application by Cholamandalam Investment and Finance Company Limited. The Resolution Professional (RP) sought an extension of the CIRP period by 90 days beyond the initial 180-day period. The RP cited illness and the need for isolation as reasons for the delay in concluding the CIRP within the stipulated timeframe. The Committee of Creditors (CoC) had unanimously approved the extension in its fifth meeting.
Cholamandalam Investment and Finance Company Limited initiated CIRP against M/s SA Rawther Spices Pvt Ltd. The Adjudicating Authority admitted the CIRP application on August 21, 2019, and appointed Ms. Subramaniam Aneetha as the Interim Resolution Professional (IRP), imposing a moratorium. The IRP received the order copy on August 30, 2019. The IRP then invited claims, verified them, and constituted a Committee of Creditors (CoC) after issuing public notices. The RP appointed valuers to prepare the Information Memorandum and ascertain the fair and liquidation values. In the second CoC meeting on October 23, 2019, the IRP was appointed as the Resolution Professional (RP). The Corporate Debtor, SA Rawther Spices Pvt Ltd, was a major processor and exporter of various
…Adjudicating Authority admitted the CIRP…
Ms. Subramaniam Aneetha…