The case pertains to an application filed under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, regarding Shree Ganesh EPC Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated based on an application filed by the Corporate Debtor under Section 10 of IBC, 2016. The Tribunal initiated CIRP vide its order dated 06.09.2019, and Mr. J. Manivannan was appointed as the Interim Resolution Professional. Subsequently, the CoC resolved to appoint the Applicant as the Resolution Professional. The CoC moved MA/1336/2019 under section 22(3)(b) of IBC, 2016, and the Tribunal appointed the Applicant as the Resolution Professional of the Corporate Debtor vide its order dated 30.12.2019. The Expression of Interest (EOI) was published, and several
…Shree Ganesh EPC Private Limited faced Corporate Insolvency Resolution Process (CIRP) initiated under Section 10 of the Insolvency and Bankruptcy Code (IBC), 2016. The CIRP commenced on 2019-09-06. Mr. J. Manivannan was initially appointed as the Interim Resolution Professional. The Committee of Creditors (CoC) later appointed the Applicant, S. Rajendran, as the Resolution Professional. Several Expression of Interests (EOIs) were received, and the CoC held multiple meetings to evaluate resolution plans. Due to the COVID-19 pandemic, the process was delayed. Three resolution plans were submitted by Mr. N. Azagappan & Mrs. L.K. Rajam, Mrs. S. Ramanathan and Mr.M. Karunanithi, and KSG Enterprises pvt ltd. However, the CoC rejected all three plans as they were deemed
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Corporate Insolvency…
The Tribunal appointed the Applicant as the…
The case pertains to an application filed under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, regarding Shree Ganesh EPC Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated based on an application filed by the Corporate Debtor under Section 10 of IBC, 2016. The Tribunal initiated CIRP vide its order dated 06.09.2019, and Mr. J. Manivannan was appointed as the Interim Resolution Professional. Subsequently, the CoC resolved to appoint the Applicant as the Resolution Professional. The CoC moved MA/1336/2019 under section 22(3)(b) of IBC, 2016, and the Tribunal appointed the Applicant as the Resolution Professional of the Corporate Debtor vide its order dated 30.12.2019. The Expression of Interest (EOI) was published, and several
…Shree Ganesh EPC Private Limited faced Corporate Insolvency Resolution Process (CIRP) initiated under Section 10 of the Insolvency and Bankruptcy Code (IBC), 2016. The CIRP commenced on 2019-09-06. Mr. J. Manivannan was initially appointed as the Interim Resolution Professional. The Committee of Creditors (CoC) later appointed the Applicant, S. Rajendran, as the Resolution Professional. Several Expression of Interests (EOIs) were received, and the CoC held multiple meetings to evaluate resolution plans. Due to the COVID-19 pandemic, the process was delayed. Three resolution plans were submitted by Mr. N. Azagappan & Mrs. L.K. Rajam, Mrs. S. Ramanathan and Mr.M. Karunanithi, and KSG Enterprises pvt ltd. However, the CoC rejected all three plans as they were deemed
…Corporate Insolvency…
The Tribunal appointed the Applicant as the…