The case pertains to an application filed by the Resolution Professional (RP) of Amrit Fresh Pvt. Ltd. under Section 43 of the Insolvency and Bankruptcy Code, 2016, seeking to address preferential transactions. The Corporate Insolvency Resolution Process (CIRP) was initiated against Amrit Fresh Private Limited (“Corporate Debtor”) based on a petition filed by Bank of India under Section 7 of the Code. Niraj Agarwal was appointed as the Interim Resolution Professional and later as the Resolution Professional. The RP appointed ALP & Associates to conduct a transaction audit, which revealed certain preferential transactions. The RP, based on the audit report, filed the application to address these transactions.
Bank of India initiated Corporate Insolvency Resolution Process (CIRP) against Amrit Fresh Private Limited (“Corporate Debtor”) under Section 7 of the Insolvency and Bankruptcy Code, 2016. Niraj Agarwal was appointed as the Interim Resolution Professional and later as the Resolution Professional (RP). The RP appointed ALP & Associates to conduct a transaction audit of the Corporate Debtor's books of accounts. The audit revealed certain preferential transactions. Specifically, payments of Rs.13.40 Lakh and Rs.2.50 Lakh were made to Respondent No. 4 and Respondent No. 5, respectively, who are related parties of the Corporate Debtor. The management of the Corporate Debtor acknowledged that the payments were made to related parties. The RP filed an application under
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The Insolven…
Adjudicating Authority admitted Amrit Fresh…
The case pertains to an application filed by the Resolution Professional (RP) of Amrit Fresh Pvt. Ltd. under Section 43 of the Insolvency and Bankruptcy Code, 2016, seeking to address preferential transactions. The Corporate Insolvency Resolution Process (CIRP) was initiated against Amrit Fresh Private Limited (“Corporate Debtor”) based on a petition filed by Bank of India under Section 7 of the Code. Niraj Agarwal was appointed as the Interim Resolution Professional and later as the Resolution Professional. The RP appointed ALP & Associates to conduct a transaction audit, which revealed certain preferential transactions. The RP, based on the audit report, filed the application to address these transactions.
Bank of India initiated Corporate Insolvency Resolution Process (CIRP) against Amrit Fresh Private Limited (“Corporate Debtor”) under Section 7 of the Insolvency and Bankruptcy Code, 2016. Niraj Agarwal was appointed as the Interim Resolution Professional and later as the Resolution Professional (RP). The RP appointed ALP & Associates to conduct a transaction audit of the Corporate Debtor's books of accounts. The audit revealed certain preferential transactions. Specifically, payments of Rs.13.40 Lakh and Rs.2.50 Lakh were made to Respondent No. 4 and Respondent No. 5, respectively, who are related parties of the Corporate Debtor. The management of the Corporate Debtor acknowledged that the payments were made to related parties. The RP filed an application under
…The Insolven…
Adjudicating Authority admitted Amrit Fresh…