The application was filed under Section 30(6) and 31 of the Insolvency and Bankruptcy Code, 2016, read with Regulations 39(4) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The Resolution Professional of M/s. Bharatiya Vaidya Vidhan Limited sought approval of the Resolution Plan submitted by M/s. Devi Sea Foods Limited, which was approved by the Committee of Creditors (CoC) with 100% voting. The Adjudicating Authority admitted the Corporate Debtor into the Corporate Insolvency Resolution Process (CIRP) and appointed the applicant as the Interim Resolution Professional (IRP).
Mr. Rajesh Chillale, the Resolution Professional (RP) of M/s. Bharatiya Vaidya Vidhan Limited ('Corporate Debtor' or 'CD'), filed an application seeking approval of the Resolution Plan submitted by M/s. Devi Sea Foods Limited ('Resolution Applicant' or 'RA'). The Adjudicating Authority admitted the CD into the Corporate Insolvency Resolution Process (CIRP) and appointed the applicant as the Interim Resolution Professional (IRP). The IRP published a public announcement in Form-A in Financial Express and Telugu newspapers. The applicant received only one claim from the Financial Creditor (FC), M/s. SREI Equipment Financial Limited, and constituted the Committee of Creditors (CoC) with one member. The CoC resolved to publish Form-G inviting Expression of Interest (EoI).
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Enactment of the…
The Adjudicating Authority admitted the CD…
The application was filed under Section 30(6) and 31 of the Insolvency and Bankruptcy Code, 2016, read with Regulations 39(4) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The Resolution Professional of M/s. Bharatiya Vaidya Vidhan Limited sought approval of the Resolution Plan submitted by M/s. Devi Sea Foods Limited, which was approved by the Committee of Creditors (CoC) with 100% voting. The Adjudicating Authority admitted the Corporate Debtor into the Corporate Insolvency Resolution Process (CIRP) and appointed the applicant as the Interim Resolution Professional (IRP).
Mr. Rajesh Chillale, the Resolution Professional (RP) of M/s. Bharatiya Vaidya Vidhan Limited ('Corporate Debtor' or 'CD'), filed an application seeking approval of the Resolution Plan submitted by M/s. Devi Sea Foods Limited ('Resolution Applicant' or 'RA'). The Adjudicating Authority admitted the CD into the Corporate Insolvency Resolution Process (CIRP) and appointed the applicant as the Interim Resolution Professional (IRP). The IRP published a public announcement in Form-A in Financial Express and Telugu newspapers. The applicant received only one claim from the Financial Creditor (FC), M/s. SREI Equipment Financial Limited, and constituted the Committee of Creditors (CoC) with one member. The CoC resolved to publish Form-G inviting Expression of Interest (EoI).
…Enactment of the…
The Adjudicating Authority admitted the CD…