The case involves an application for liquidation of KMP Spinners Private Limited. CIRP was initiated against the Corporate Debtor based on a petition filed by the Financial Creditor, Aditya Birla Finance Limited, under Section 7 of IBC. The RP was appointed, claims were invited and verified, and a CoC was constituted.
CIRP was initiated against KMP Spinners Private Limited based on a petition 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 first CoC meeting.
The Suspended Director preferred an appeal against the order of CIRP.
The CoC decided for the liquidation of the Corporate Debtor with 100% voting.
Beleyur Resolutions Private Limited is appointed as the Liquidator.
The Corporate Debtor has been non-operational and is currently in a defunct status.
The company has not filed its Annual Accounts since the financial year 2018-19.
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CIRP was initiated…
In the 1st CoC meeting held on 14.08.2025, the…
The case involves an application for liquidation of KMP Spinners Private Limited. CIRP was initiated against the Corporate Debtor based on a petition filed by the Financial Creditor, Aditya Birla Finance Limited, under Section 7 of IBC. The RP was appointed, claims were invited and verified, and a CoC was constituted.
CIRP was initiated against KMP Spinners Private Limited based on a petition 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 first CoC meeting.
The Suspended Director preferred an appeal against the order of CIRP.
The CoC decided for the liquidation of the Corporate Debtor with 100% voting.
Beleyur Resolutions Private Limited is appointed as the Liquidator.
The Corporate Debtor has been non-operational and is currently in a defunct status.
The company has not filed its Annual Accounts since the financial year 2018-19.
…CIRP was initiated…
In the 1st CoC meeting held on 14.08.2025, the…