The case pertains to an application under Section 30(6) read with Section 31 of the Insolvency and Bankruptcy Code, 2016, regarding the Corporate Insolvency Resolution Process (CIRP) of Shetkari Sarkhar Karkhana (Chandrapuri) Limited. The CIRP was initiated following an order dated 14.01.2019. Anil Seetaram Vaidya was appointed as the Interim Resolution Professional (IRP). The Committee of Creditors (CoC) was formed, comprising State Bank of India, Canara Bank, Solapur Janta Sahakari Bank, and Axis Bank. The applicant published Form-G inviting Expression of Interest (EOI) from Prospective Resolution Applicants (PRAs). Initially, two EOIs were received, but no plan was submitted. Subsequently, the CoC resolved to liquidate the Corporate Debtor, but an interested party
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Shetkari Sarkhar Karkhana (Chandrapuri) Limited on 14.01.2019. Anil Seetaram Vaidya was appointed as the Interim Resolution Professional (IRP). A Committee of Creditors (CoC) was formed, consisting of State Bank of India, Canara Bank, Solapur Janta Sahakari Bank, and Axis Bank. The IRP published Form-G to invite Expression of Interest (EOI) from Prospective Resolution Applicants (PRAs). Initially, two EOIs were received, but no resolution plan was submitted. The CoC then resolved to liquidate the Corporate Debtor. However, an interested party intervened, expressing intent to submit a resolution plan. The Tribunal directed the CoC to convene a meeting. A fresh Form-G was issued, resulting in three
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Filing of CP (…
Corporate Insolvency Resolution Process (CIRP)…
The case pertains to an application under Section 30(6) read with Section 31 of the Insolvency and Bankruptcy Code, 2016, regarding the Corporate Insolvency Resolution Process (CIRP) of Shetkari Sarkhar Karkhana (Chandrapuri) Limited. The CIRP was initiated following an order dated 14.01.2019. Anil Seetaram Vaidya was appointed as the Interim Resolution Professional (IRP). The Committee of Creditors (CoC) was formed, comprising State Bank of India, Canara Bank, Solapur Janta Sahakari Bank, and Axis Bank. The applicant published Form-G inviting Expression of Interest (EOI) from Prospective Resolution Applicants (PRAs). Initially, two EOIs were received, but no plan was submitted. Subsequently, the CoC resolved to liquidate the Corporate Debtor, but an interested party
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Shetkari Sarkhar Karkhana (Chandrapuri) Limited on 14.01.2019. Anil Seetaram Vaidya was appointed as the Interim Resolution Professional (IRP). A Committee of Creditors (CoC) was formed, consisting of State Bank of India, Canara Bank, Solapur Janta Sahakari Bank, and Axis Bank. The IRP published Form-G to invite Expression of Interest (EOI) from Prospective Resolution Applicants (PRAs). Initially, two EOIs were received, but no resolution plan was submitted. The CoC then resolved to liquidate the Corporate Debtor. However, an interested party intervened, expressing intent to submit a resolution plan. The Tribunal directed the CoC to convene a meeting. A fresh Form-G was issued, resulting in three
…Filing of CP (…
Corporate Insolvency Resolution Process (CIRP)…