The case pertains to an application filed under section 30(6) and section 31(1) of the Insolvency & Bankruptcy Code, 2016, read with regulation 39(4) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, for the approval of a Resolution Plan for Bhumya Tea Company Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated against Bhumya Tea Company Private Limited based on a petition filed by UCO Bank, the Financial Creditor, under section 7 of the Insolvency and Bankruptcy Code 2016, which was admitted on 05 April 2022. Mr. Santanu Brahma was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The Committee of
…UCO Bank initiated Corporate Insolvency Resolution Process (CIRP) against Bhumya Tea Company Private Limited due to financial distress. The CIRP was triggered under Section 7 of the Insolvency and Bankruptcy Code (IBC), and the application was admitted on 05 April 2022. Santanu Brahma was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). Public announcements were made to invite claims from creditors. The Committee of Creditors (CoC) was formed, comprising secured and unsecured financial creditors, including UCO Bank, Punjab National Bank, and State Bank of India. Eleven CoC meetings were conducted. A single Resolution Plan was received from North East Plantations & Commercial Private Limited on 18 August
…Sign in to view the parties.
C.P. (IB)…
The Company Petition in C.P. (IB) No.…
The case pertains to an application filed under section 30(6) and section 31(1) of the Insolvency & Bankruptcy Code, 2016, read with regulation 39(4) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, for the approval of a Resolution Plan for Bhumya Tea Company Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated against Bhumya Tea Company Private Limited based on a petition filed by UCO Bank, the Financial Creditor, under section 7 of the Insolvency and Bankruptcy Code 2016, which was admitted on 05 April 2022. Mr. Santanu Brahma was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The Committee of
…UCO Bank initiated Corporate Insolvency Resolution Process (CIRP) against Bhumya Tea Company Private Limited due to financial distress. The CIRP was triggered under Section 7 of the Insolvency and Bankruptcy Code (IBC), and the application was admitted on 05 April 2022. Santanu Brahma was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). Public announcements were made to invite claims from creditors. The Committee of Creditors (CoC) was formed, comprising secured and unsecured financial creditors, including UCO Bank, Punjab National Bank, and State Bank of India. Eleven CoC meetings were conducted. A single Resolution Plan was received from North East Plantations & Commercial Private Limited on 18 August
…C.P. (IB)…
The Company Petition in C.P. (IB) No.…