The case pertains to the Corporate Insolvency Resolution Process (CIRP) of Infiniti Metal Products India Limited. The CIRP was initiated based on an application by MSA Ventures Private Limited, a Financial Creditor, under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. Mummaneni Vazra Laxmi was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). The RP filed an application IA(IBC)/10 (CHE)/2024 seeking approval of the resolution plan submitted by Rajshree Jewellers.
MSA Ventures Private Limited initiated Corporate Insolvency Resolution Process (CIRP) against Infiniti Metal Products India Limited. Mummaneni Vazra Laxmi was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). Rajshree Jewellers submitted a resolution plan, which was approved by the Committee of Creditors (CoC) with 100% voting rights. The Resolution Plan sets forth to acquire the assets of the Corporate Debtor, land holdings, and aims to maximize the value through strategic development or sale by way of financial and operational restructuring of the business. The PRA proposes to address the reasons that led to causes of default, and is intended to focus on restoring of business operations as self-sustaining enterprise
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Adjudicating Authority initiated CIRP vide…
Public Announcement…
The case pertains to the Corporate Insolvency Resolution Process (CIRP) of Infiniti Metal Products India Limited. The CIRP was initiated based on an application by MSA Ventures Private Limited, a Financial Creditor, under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. Mummaneni Vazra Laxmi was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). The RP filed an application IA(IBC)/10 (CHE)/2024 seeking approval of the resolution plan submitted by Rajshree Jewellers.
MSA Ventures Private Limited initiated Corporate Insolvency Resolution Process (CIRP) against Infiniti Metal Products India Limited. Mummaneni Vazra Laxmi was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). Rajshree Jewellers submitted a resolution plan, which was approved by the Committee of Creditors (CoC) with 100% voting rights. The Resolution Plan sets forth to acquire the assets of the Corporate Debtor, land holdings, and aims to maximize the value through strategic development or sale by way of financial and operational restructuring of the business. The PRA proposes to address the reasons that led to causes of default, and is intended to focus on restoring of business operations as self-sustaining enterprise
…Adjudicating Authority initiated CIRP vide…
Public Announcement…