The case involves an application for approval of a resolution plan for Goodhealth Industries Private Limited, which underwent Corporate Insolvency Resolution Process (CIRP) following the initiation of a company petition by Daily Dairy Essentials. The resolution plan was submitted by Turquoise Metals and Electricals Pvt. Ltd., the Successful Resolution Applicant (SRA). The CIRP was initiated due to the company's financial difficulties, exacerbated by the COVID-19 pandemic, leading to defaults on payments to creditors and the sale of assets. The Resolution Professional (RP) managed the CIRP, including the collation of claims, constitution of the Committee of Creditors (CoC), and the invitation of Expressions of Interest (EoI) from potential resolution applicants. The CoC
…Goodhealth Industries Private Limited underwent Corporate Insolvency Resolution Process (CIRP) following a petition filed by Daily Dairy Essentials, an operational creditor. The company faced financial difficulties, exacerbated by the COVID-19 pandemic, leading to defaults on payments to creditors and the sale of assets. Mr. Bihari Lal Chakravarti was appointed as the Resolution Professional (RP). The RP made public announcements, collated claims from creditors, and constituted the Committee of Creditors (CoC). The CoC invited Expressions of Interest (EoI) from potential resolution applicants, and Turquoise Metals and Electricals Pvt. Ltd. submitted a resolution plan, which was approved by the CoC with a 100% vote. The resolution plan proposed a total value of INR
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Company Petit…
Application was admitted by this Adjudicating…
The case involves an application for approval of a resolution plan for Goodhealth Industries Private Limited, which underwent Corporate Insolvency Resolution Process (CIRP) following the initiation of a company petition by Daily Dairy Essentials. The resolution plan was submitted by Turquoise Metals and Electricals Pvt. Ltd., the Successful Resolution Applicant (SRA). The CIRP was initiated due to the company's financial difficulties, exacerbated by the COVID-19 pandemic, leading to defaults on payments to creditors and the sale of assets. The Resolution Professional (RP) managed the CIRP, including the collation of claims, constitution of the Committee of Creditors (CoC), and the invitation of Expressions of Interest (EoI) from potential resolution applicants. The CoC
…Goodhealth Industries Private Limited underwent Corporate Insolvency Resolution Process (CIRP) following a petition filed by Daily Dairy Essentials, an operational creditor. The company faced financial difficulties, exacerbated by the COVID-19 pandemic, leading to defaults on payments to creditors and the sale of assets. Mr. Bihari Lal Chakravarti was appointed as the Resolution Professional (RP). The RP made public announcements, collated claims from creditors, and constituted the Committee of Creditors (CoC). The CoC invited Expressions of Interest (EoI) from potential resolution applicants, and Turquoise Metals and Electricals Pvt. Ltd. submitted a resolution plan, which was approved by the CoC with a 100% vote. The resolution plan proposed a total value of INR
…Company Petit…
Application was admitted by this Adjudicating…