The case pertains to the Corporate Insolvency Resolution Process (CIRP) and subsequent liquidation of Anjali Waterford Hospitality & Infra Pvt Ltd. The CIRP was initiated on 22.02.2021, and Shri Pradeep Kumar Sravanam was appointed as the Interim Resolution Professional (IRP), later confirmed as the Resolution Professional (RP). As no resolution plans were received, the Tribunal passed a liquidation order on 13.05.2022. Following the demise of the initial liquidator, a new liquidator was appointed on 31.03.2023. The liquidation process involved the valuation of assets, invitation of claims, constitution of a Stakeholders Committee (SCC), and multiple attempts to sell the assets through e-auctions. The final e-auction was successful, and the proceeds were
…Anjali Waterford Hospitality & Infra Pvt Ltd underwent Corporate Insolvency Resolution Process (CIRP) initiated on 22.02.2021. Shri Pradeep Kumar Sravanam was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). Due to the absence of resolution plans, a liquidation order was issued on 13.05.2022. Following the death of Shri Pradeep Kumar Sravanam on 10.02.2023, a new liquidator was appointed on 31.03.2023. The liquidation process commenced on 13.05.2022. The liquidator issued a public announcement on 17.05.2022, inviting claims. The Stakeholders Committee (SCC) comprised M/s. Kakinada Coop Town Bank, holding a claim of Rs. 245.00 lakhs. The liquidator received five claims totaling Rs. 2083.00 lakhs, which
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The case pertains to the Corporate Insolvency Resolution Process (CIRP) and subsequent liquidation of Anjali Waterford Hospitality & Infra Pvt Ltd. The CIRP was initiated on 22.02.2021, and Shri Pradeep Kumar Sravanam was appointed as the Interim Resolution Professional (IRP), later confirmed as the Resolution Professional (RP). As no resolution plans were received, the Tribunal passed a liquidation order on 13.05.2022. Following the demise of the initial liquidator, a new liquidator was appointed on 31.03.2023. The liquidation process involved the valuation of assets, invitation of claims, constitution of a Stakeholders Committee (SCC), and multiple attempts to sell the assets through e-auctions. The final e-auction was successful, and the proceeds were
…Anjali Waterford Hospitality & Infra Pvt Ltd underwent Corporate Insolvency Resolution Process (CIRP) initiated on 22.02.2021. Shri Pradeep Kumar Sravanam was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). Due to the absence of resolution plans, a liquidation order was issued on 13.05.2022. Following the death of Shri Pradeep Kumar Sravanam on 10.02.2023, a new liquidator was appointed on 31.03.2023. The liquidation process commenced on 13.05.2022. The liquidator issued a public announcement on 17.05.2022, inviting claims. The Stakeholders Committee (SCC) comprised M/s. Kakinada Coop Town Bank, holding a claim of Rs. 245.00 lakhs. The liquidator received five claims totaling Rs. 2083.00 lakhs, which
…The Tribunal admitted the Corporate Debtor into…
The Tribunal passed an…
Sign in to view related legal provisions.