The case pertains to an application filed by the Resolution Professional under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, seeking approval of the Resolution Plan for Vivita Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated based on a petition under Section 7 of the Code. The Interim Resolution Professional (IRP) was appointed, followed by the constitution of the Committee of Creditors (CoC). The IRP conducted meetings, invited claims from creditors, and the CoC resolved to appoint the Applicant as the Resolution Professional (RP). The CIRP period was extended by the Tribunal. The Resolution Applicant submitted a Resolution Plan, which was considered and revised by the CoC. The Resolution Plan was put to E-voting and approved with
…The Corporate Insolvency Resolution Process (CIRP) of Vivita Limited was initiated based on a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016. Subrata Maity was appointed as the Resolution Professional. The Interim Resolution Professional (IRP) made a public announcement inviting claims from creditors and constituted the Committee of Creditors (CoC). The IRP conducted the first meeting of the CoC, where the Applicant was resolved to be appointed as the Resolution Professional (RP). The CIRP period was extended by 60 days. The Applicant issued Form-G, inviting expression of interest (EOI) from prospective resolution applicants (PRAs). A consortium of M/s V. Square and M/s Bombay Carrier submitted the Resolution Plan. The CoC suggested modifications
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Corporate Insolvency Resolution Process (CIRP)…
The IRP made a public announcement on…
The case pertains to an application filed by the Resolution Professional under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, seeking approval of the Resolution Plan for Vivita Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated based on a petition under Section 7 of the Code. The Interim Resolution Professional (IRP) was appointed, followed by the constitution of the Committee of Creditors (CoC). The IRP conducted meetings, invited claims from creditors, and the CoC resolved to appoint the Applicant as the Resolution Professional (RP). The CIRP period was extended by the Tribunal. The Resolution Applicant submitted a Resolution Plan, which was considered and revised by the CoC. The Resolution Plan was put to E-voting and approved with
…The Corporate Insolvency Resolution Process (CIRP) of Vivita Limited was initiated based on a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016. Subrata Maity was appointed as the Resolution Professional. The Interim Resolution Professional (IRP) made a public announcement inviting claims from creditors and constituted the Committee of Creditors (CoC). The IRP conducted the first meeting of the CoC, where the Applicant was resolved to be appointed as the Resolution Professional (RP). The CIRP period was extended by 60 days. The Applicant issued Form-G, inviting expression of interest (EOI) from prospective resolution applicants (PRAs). A consortium of M/s V. Square and M/s Bombay Carrier submitted the Resolution Plan. The CoC suggested modifications
…Corporate Insolvency Resolution Process (CIRP)…
The IRP made a public announcement on…