The case involves Corporate Insolvency Resolution Process (CIRP) initiated against Sri Murugarajendra Oil Industry Private Limited. The CIRP was initiated by R. Sathyanarayana, Proprietor ('Petitioner/Operational Creditor') under Section 9 of the I&B Code, 2016. The Adjudicating Authority admitted the CIRP on June 4, 2019, and appointed Mr. H.R. Shivaprasad as the Interim Resolution Professional (IRP). Subsequently, Mr. Hari Babu Thota was appointed as the Resolution Professional (RP). The Committee of Creditors (CoC) approved a resolution plan submitted by Atrih Agri Growth Private Limited jointly with Mr. Hiten Somchand Ladhad. I.A. No.84 of 2020 was filed by the RP under Section 30(6) of the I&B Code, 2016, seeking acceptance of the resolution plan.
R. Sathyanarayana, an operational creditor, initiated CIRP against Sri Murugarajendra Oil Industry Private Limited under Section 9 of the I&B Code. The CIRP was admitted on June 4, 2019. Mr. H.R. Shivaprasad was initially appointed as the IRP, later replaced by Mr. Hari Babu Thota as the RP. The RP made a public announcement on July 3, 2019, inviting claims from creditors. The CoC appointed registered valuers to determine the fair market value and liquidation value of the Corporate Debtor. The CoC approved the Evaluation Matrix and Criteria for Resolution Applicants. Vyom Agro Acres LLP initially showed interest but later withdrew. The CoC approved a resolution plan submitted by Atrih Agri Growth Private Limited jointly with Mr. Hiten Somchand Ladhad on January 29,
…Sign in to view the parties.
The Adjudicating Authority admitted the…
The Interim Resolution Professional (IRP) made a…
The case involves Corporate Insolvency Resolution Process (CIRP) initiated against Sri Murugarajendra Oil Industry Private Limited. The CIRP was initiated by R. Sathyanarayana, Proprietor ('Petitioner/Operational Creditor') under Section 9 of the I&B Code, 2016. The Adjudicating Authority admitted the CIRP on June 4, 2019, and appointed Mr. H.R. Shivaprasad as the Interim Resolution Professional (IRP). Subsequently, Mr. Hari Babu Thota was appointed as the Resolution Professional (RP). The Committee of Creditors (CoC) approved a resolution plan submitted by Atrih Agri Growth Private Limited jointly with Mr. Hiten Somchand Ladhad. I.A. No.84 of 2020 was filed by the RP under Section 30(6) of the I&B Code, 2016, seeking acceptance of the resolution plan.
R. Sathyanarayana, an operational creditor, initiated CIRP against Sri Murugarajendra Oil Industry Private Limited under Section 9 of the I&B Code. The CIRP was admitted on June 4, 2019. Mr. H.R. Shivaprasad was initially appointed as the IRP, later replaced by Mr. Hari Babu Thota as the RP. The RP made a public announcement on July 3, 2019, inviting claims from creditors. The CoC appointed registered valuers to determine the fair market value and liquidation value of the Corporate Debtor. The CoC approved the Evaluation Matrix and Criteria for Resolution Applicants. Vyom Agro Acres LLP initially showed interest but later withdrew. The CoC approved a resolution plan submitted by Atrih Agri Growth Private Limited jointly with Mr. Hiten Somchand Ladhad on January 29,
…The Adjudicating Authority admitted the…
The Interim Resolution Professional (IRP) made a…