The case involves an application (MA/323/2019 in CP/341/(IB)/2018) filed by the Resolution Professional, Mr. C. Ramasubramaniam, under Section 33(2) and Section 60 of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor, M/s. South Indian Mint and Aromatic Products Limited. Initially, an application under Section 9 of the I&B Code, 2016 was filed by M/s. Gangai Earth Movers (Operational Creditor) against the Corporate Debtor to initiate the Corporate Insolvency Resolution Process (CIRP). The Adjudicating Authority admitted the application and initiated the CIRP, declaring a moratorium and appointing Mr. Vasudevan Gopu as the Interim Resolution Professional (IRP). Mr. C. Ramasubramaniam was later proposed as the Resolution
…M/s. Gangai Earth Movers (Operational Creditor) initiated the Corporate Insolvency Resolution Process (CIRP) against M/s. South Indian Mint and Aromatic Products Limited (Corporate Debtor) by filing an application under Section 9 of the I&B Code, 2016. The Adjudicating Authority admitted the application, declared a moratorium, and appointed Mr. Vasudevan Gopu as the Interim Resolution Professional (IRP). Later, Mr. C. Ramasubramaniam was appointed as the Resolution Professional (RP). The RP received a claim of Rs.8,16,66,706.49 from IDBI, the Financial Creditor. The RP invited Expression of Interest (Eol) for submission of Resolution Plans, setting a deadline of 2019-02-17. However, no Resolution Plan was received by the RP. The Committee of Creditors (CoC) decided
…Sign in to view the parties.
Adjudicating Authority admitted the application…
2nd Meeting of CoC held, where Mr. C.…
The case involves an application (MA/323/2019 in CP/341/(IB)/2018) filed by the Resolution Professional, Mr. C. Ramasubramaniam, under Section 33(2) and Section 60 of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor, M/s. South Indian Mint and Aromatic Products Limited. Initially, an application under Section 9 of the I&B Code, 2016 was filed by M/s. Gangai Earth Movers (Operational Creditor) against the Corporate Debtor to initiate the Corporate Insolvency Resolution Process (CIRP). The Adjudicating Authority admitted the application and initiated the CIRP, declaring a moratorium and appointing Mr. Vasudevan Gopu as the Interim Resolution Professional (IRP). Mr. C. Ramasubramaniam was later proposed as the Resolution
…M/s. Gangai Earth Movers (Operational Creditor) initiated the Corporate Insolvency Resolution Process (CIRP) against M/s. South Indian Mint and Aromatic Products Limited (Corporate Debtor) by filing an application under Section 9 of the I&B Code, 2016. The Adjudicating Authority admitted the application, declared a moratorium, and appointed Mr. Vasudevan Gopu as the Interim Resolution Professional (IRP). Later, Mr. C. Ramasubramaniam was appointed as the Resolution Professional (RP). The RP received a claim of Rs.8,16,66,706.49 from IDBI, the Financial Creditor. The RP invited Expression of Interest (Eol) for submission of Resolution Plans, setting a deadline of 2019-02-17. However, no Resolution Plan was received by the RP. The Committee of Creditors (CoC) decided
…Adjudicating Authority admitted the application…
2nd Meeting of CoC held, where Mr. C.…