The application IA/788/CHE/2021 was filed in CP/1287/IB/2018 under Section 12A of the Insolvency and Bankruptcy Code, 2016, read with Regulations 30A (1) (b) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, in the matter of M/s. Taurus Hides Pvt. Ltd. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor on 20.01.2020, and the applicant was appointed as the Interim Resolution Professional (IRP). The IRP constituted a Committee of Creditors (CoC) with two creditors, Suryapelle Chemical and Moulds Pvt. Ltd. and Popular Agencies, holding 64% and 36% respectively. The CoC did not confirm the Applicant as the Resolution Professional, nor did they appoint any other
…The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s. Taurus Hides Pvt. Ltd. on 20.01.2020. Raguram Mani was appointed as the Interim Resolution Professional (IRP). The IRP constituted a Committee of Creditors (CoC) comprising Suryapelle Chemical and Moulds Pvt. Ltd. and Popular Agencies, holding 64% and 36% of the voting share, respectively. The CoC did not confirm Raguram Mani as the Resolution Professional (RP) and did not appoint any other RP. Raguram Mani continued to perform his duties but was not paid his dues. Consequently, Raguram Mani filed IA/796/2020 seeking relief from continuing as IRP. Subsequently, the CoC passed a resolution on 22.04.2021 with 100% voting share for the withdrawal of the CIRP. Raguram Mani filed Form FA as per
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Corporate Insolvency…
Raguram Mani was…
The application IA/788/CHE/2021 was filed in CP/1287/IB/2018 under Section 12A of the Insolvency and Bankruptcy Code, 2016, read with Regulations 30A (1) (b) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, in the matter of M/s. Taurus Hides Pvt. Ltd. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor on 20.01.2020, and the applicant was appointed as the Interim Resolution Professional (IRP). The IRP constituted a Committee of Creditors (CoC) with two creditors, Suryapelle Chemical and Moulds Pvt. Ltd. and Popular Agencies, holding 64% and 36% respectively. The CoC did not confirm the Applicant as the Resolution Professional, nor did they appoint any other
…The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s. Taurus Hides Pvt. Ltd. on 20.01.2020. Raguram Mani was appointed as the Interim Resolution Professional (IRP). The IRP constituted a Committee of Creditors (CoC) comprising Suryapelle Chemical and Moulds Pvt. Ltd. and Popular Agencies, holding 64% and 36% of the voting share, respectively. The CoC did not confirm Raguram Mani as the Resolution Professional (RP) and did not appoint any other RP. Raguram Mani continued to perform his duties but was not paid his dues. Consequently, Raguram Mani filed IA/796/2020 seeking relief from continuing as IRP. Subsequently, the CoC passed a resolution on 22.04.2021 with 100% voting share for the withdrawal of the CIRP. Raguram Mani filed Form FA as per
…Corporate Insolvency…
Raguram Mani was…