The application I.A. No. 654/2023 was filed by the Resolution Professional, Ms. Vineeta Maheshwari, seeking liquidation of Aaj Ka Anand Papers Limited, the Corporate Debtor, under Section 33(1) of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor following the admission of a petition under Section 7 of the Code filed by State Bank of India, the Financial Creditor, vide order dated 31.03.2022. Ms. Vineeta Maheshwari was appointed as the Interim Resolution Professional.
The Resolution Professional, Ms. Vineeta Maheshwari, filed an application seeking liquidation of Aaj Ka Anand Papers Limited. The CIRP was initiated following the admission of a petition filed by State Bank of India. The Resolution Professional published FORM-G and received EOIs from multiple parties, but some withdrew their EOIs. A Resolution Plan was received from M/s Wonder Developers, but the CoC sought clarifications on several issues. The RA submitted a revised resolution plan, which was rejected by the CoC with a 100% vote. Consequently, the CoC passed a resolution for the liquidation of the Corporate Debtor. The CoC members on 23.01.2023 with 100% vote passed a resolution to appoint Mr. Jitendra Kumar Jain as Liquidator of the Corporate Debtor.
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The Resolution Applicant submitted a revised…
The Tribunal admitted the petition under…
The application I.A. No. 654/2023 was filed by the Resolution Professional, Ms. Vineeta Maheshwari, seeking liquidation of Aaj Ka Anand Papers Limited, the Corporate Debtor, under Section 33(1) of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor following the admission of a petition under Section 7 of the Code filed by State Bank of India, the Financial Creditor, vide order dated 31.03.2022. Ms. Vineeta Maheshwari was appointed as the Interim Resolution Professional.
The Resolution Professional, Ms. Vineeta Maheshwari, filed an application seeking liquidation of Aaj Ka Anand Papers Limited. The CIRP was initiated following the admission of a petition filed by State Bank of India. The Resolution Professional published FORM-G and received EOIs from multiple parties, but some withdrew their EOIs. A Resolution Plan was received from M/s Wonder Developers, but the CoC sought clarifications on several issues. The RA submitted a revised resolution plan, which was rejected by the CoC with a 100% vote. Consequently, the CoC passed a resolution for the liquidation of the Corporate Debtor. The CoC members on 23.01.2023 with 100% vote passed a resolution to appoint Mr. Jitendra Kumar Jain as Liquidator of the Corporate Debtor.
The Resolution Applicant submitted a revised…
The Tribunal admitted the petition under…