The case pertains to the corporate insolvency resolution process (CIRP) of Amritpur Tea Company Limited, initiated vide Company Petition No.(IB) 329/KB/2022. The CIRP was triggered by an order dated 27th September 2023, and a moratorium under Section 14 of the Insolvency and Bankruptcy Code, 2016 was declared. Mr. Soumitra Lahiri was appointed as the Interim Resolution Professional (IRP). The application before the NCLT Kolkata Bench is for the approval of the Resolution Plan submitted by Mr. Sumit Kumar Khanna.
The corporate insolvency resolution process (CIRP) of Amritpur Tea Company Limited was initiated on September 27, 2023, by the NCLT Kolkata Bench. City Union Bank Limited is the Financial Creditor. Soumitra Lahiri was appointed as the Interim Resolution Professional (IRP). The Committee of Creditors (CoC) was constituted, and meetings were held to discuss the resolution plan. Publication was made for announcement on 29th September, 2023 in Kolkata edition. The last date for submission of claim was 12th October, 2023. The CoC approved the Resolution Plan submitted by Mr. Sumit Kumar Khanna with 100% voting rights. The fair value of the corporate debtor's assets was estimated at Rs. 3,83,37,475/-, and the liquidation value was estimated at Rs. 2,60,30,595/-. The
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Company Petitio…
Corporate insolvency…
The case pertains to the corporate insolvency resolution process (CIRP) of Amritpur Tea Company Limited, initiated vide Company Petition No.(IB) 329/KB/2022. The CIRP was triggered by an order dated 27th September 2023, and a moratorium under Section 14 of the Insolvency and Bankruptcy Code, 2016 was declared. Mr. Soumitra Lahiri was appointed as the Interim Resolution Professional (IRP). The application before the NCLT Kolkata Bench is for the approval of the Resolution Plan submitted by Mr. Sumit Kumar Khanna.
The corporate insolvency resolution process (CIRP) of Amritpur Tea Company Limited was initiated on September 27, 2023, by the NCLT Kolkata Bench. City Union Bank Limited is the Financial Creditor. Soumitra Lahiri was appointed as the Interim Resolution Professional (IRP). The Committee of Creditors (CoC) was constituted, and meetings were held to discuss the resolution plan. Publication was made for announcement on 29th September, 2023 in Kolkata edition. The last date for submission of claim was 12th October, 2023. The CoC approved the Resolution Plan submitted by Mr. Sumit Kumar Khanna with 100% voting rights. The fair value of the corporate debtor's assets was estimated at Rs. 3,83,37,475/-, and the liquidation value was estimated at Rs. 2,60,30,595/-. The
…Company Petitio…
Corporate insolvency…