The case pertains to an application filed by the Resolution Professional of KMP Spinners Private Limited seeking liquidation of the Corporate Debtor and appointment of Beleyur Resolutions Private Limited as the Liquidator.
CIRP was initiated against KMP Spinners Private Limited on 11.07.2025 based on a petition filed by Aditya Birla Finance Limited under Section 7 of IBC.
The CoC comprised Indian Overseas Bank (75.60% voting share) and Aditya Birla Capital Limited (24.40% voting share).
The CoC resolved to appoint the Applicant as the RP in the 1st CoC meeting held on 14.08.2025.
The CoC decided for the liquidation of the Corporate Debtor with 100% voting due to its non-operational status and other factors.
The CoC resolved to appoint the Applicant as the Liquidator.
The industrial unit of the Corporate Debtor is situated at Elanthakuttai and is landlocked.
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CIRP was initiated against the Corporate Debtor…
The CoC resolved to…
The case pertains to an application filed by the Resolution Professional of KMP Spinners Private Limited seeking liquidation of the Corporate Debtor and appointment of Beleyur Resolutions Private Limited as the Liquidator.
CIRP was initiated against KMP Spinners Private Limited on 11.07.2025 based on a petition filed by Aditya Birla Finance Limited under Section 7 of IBC.
The CoC comprised Indian Overseas Bank (75.60% voting share) and Aditya Birla Capital Limited (24.40% voting share).
The CoC resolved to appoint the Applicant as the RP in the 1st CoC meeting held on 14.08.2025.
The CoC decided for the liquidation of the Corporate Debtor with 100% voting due to its non-operational status and other factors.
The CoC resolved to appoint the Applicant as the Liquidator.
The industrial unit of the Corporate Debtor is situated at Elanthakuttai and is landlocked.
…CIRP was initiated against the Corporate Debtor…
The CoC resolved to…