This case involves a Miscellaneous Application (MA) No. 306/2020 filed by Mr. Ravindra Chaturvedi, the Resolution Professional (RP), under section 30(6) of the Insolvency and Bankruptcy Code, 2016 (I&B Code). The application pertains to Corporate Insolvency Resolution Process (CIRP) against Siddharth Milk Foods (India) Private Limited, the Corporate Debtor, which was initiated based on an application under Section 7 of the I&B Code. The RP sought approval of the resolution plan submitted by a consortium of resolution applicants. The CIRP was initiated on 26.04.2019.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Siddharth Milk Foods (India) Private Limited on 26.04.2019, based on an application under Section 7 of the Insolvency and Bankruptcy Code (I&B Code). Mr. Ravindra Chaturvedi was appointed as the Resolution Professional (RP). The RP invited Expressions of Interest (EOI) and received six EOIs. A list of Prospective Resolution Applicants (PRAs) was shared with the Committee of Creditors (COC). The CIRP period was extended, and the last date for submission of the Resolution Plan was extended to 17.12.2019. A consortium of Mr. Sharad Mahadeo Jagdale and others submitted a Resolution Plan, which was revised and submitted on 08.01.2020. The COC requested an addendum to the plan. The final Resolution
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Corporate Insolvency Resolution Process (CIRP)…
Appointment of Applicant as resolution…
This case involves a Miscellaneous Application (MA) No. 306/2020 filed by Mr. Ravindra Chaturvedi, the Resolution Professional (RP), under section 30(6) of the Insolvency and Bankruptcy Code, 2016 (I&B Code). The application pertains to Corporate Insolvency Resolution Process (CIRP) against Siddharth Milk Foods (India) Private Limited, the Corporate Debtor, which was initiated based on an application under Section 7 of the I&B Code. The RP sought approval of the resolution plan submitted by a consortium of resolution applicants. The CIRP was initiated on 26.04.2019.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Siddharth Milk Foods (India) Private Limited on 26.04.2019, based on an application under Section 7 of the Insolvency and Bankruptcy Code (I&B Code). Mr. Ravindra Chaturvedi was appointed as the Resolution Professional (RP). The RP invited Expressions of Interest (EOI) and received six EOIs. A list of Prospective Resolution Applicants (PRAs) was shared with the Committee of Creditors (COC). The CIRP period was extended, and the last date for submission of the Resolution Plan was extended to 17.12.2019. A consortium of Mr. Sharad Mahadeo Jagdale and others submitted a Resolution Plan, which was revised and submitted on 08.01.2020. The COC requested an addendum to the plan. The final Resolution
…Corporate Insolvency Resolution Process (CIRP)…
Appointment of Applicant as resolution…