This case involves a Miscellaneous Application (MA) No. 304/2020 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) initiated against Siddharth Milk and Milk Products Private Limited, the Corporate Debtor, which was admitted under Section 7 of the I&B Code on 26.04.2019. The RP sought approval of the resolution plan submitted by a consortium of Mr. Sharad Mahadeo Jagdale, Mr. Ajay Babulal Shah, Mr. Krishna Baliram Thombare, Mr. Prasad Kumar Dugge, and Mr. Prakash Sopanrao Shelke.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Siddharth Milk and Milk Products Private Limited on 26.04.2019, following the admission of the case under Section 7 of the Insolvency and Bankruptcy Code, 2016. Mr. Ravindra Chaturvedi was appointed as the Resolution Professional (RP). The RP invited Expressions of Interest (EOI) and received five EOIs by 22.08.2019. A consortium of Mr. Sharad Mahadeo Jagdale, Mr. Ajay Babulal Shah, Mr. Krishna Baliram Thombare, Mr. Prasad Kumar Dugge, and Mr. Prakash Sopanrao Shelke submitted a resolution plan, which was revised and finalized on 08.01.2020. The Committee of Creditors (COC) approved the resolution plan with 82.25% voting share. The liquidation value of the corporate debtor was assessed at
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C.P. (IB) 3508…
Corporate Insolvency Resolution Process (CIRP)…
This case involves a Miscellaneous Application (MA) No. 304/2020 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) initiated against Siddharth Milk and Milk Products Private Limited, the Corporate Debtor, which was admitted under Section 7 of the I&B Code on 26.04.2019. The RP sought approval of the resolution plan submitted by a consortium of Mr. Sharad Mahadeo Jagdale, Mr. Ajay Babulal Shah, Mr. Krishna Baliram Thombare, Mr. Prasad Kumar Dugge, and Mr. Prakash Sopanrao Shelke.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Siddharth Milk and Milk Products Private Limited on 26.04.2019, following the admission of the case under Section 7 of the Insolvency and Bankruptcy Code, 2016. Mr. Ravindra Chaturvedi was appointed as the Resolution Professional (RP). The RP invited Expressions of Interest (EOI) and received five EOIs by 22.08.2019. A consortium of Mr. Sharad Mahadeo Jagdale, Mr. Ajay Babulal Shah, Mr. Krishna Baliram Thombare, Mr. Prasad Kumar Dugge, and Mr. Prakash Sopanrao Shelke submitted a resolution plan, which was revised and finalized on 08.01.2020. The Committee of Creditors (COC) approved the resolution plan with 82.25% voting share. The liquidation value of the corporate debtor was assessed at
…C.P. (IB) 3508…
Corporate Insolvency Resolution Process (CIRP)…