The case pertains to an application filed under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, read with Regulation 39(4) of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, seeking approval of the resolution plan for Maxgrow India Limited. The CIRP was initiated against the Corporate Debtor on 04.06.2021. The Resolution Professional (RP) issued a public announcement, collated claims, and constituted a Committee of Creditors (CoC). The RP appointed valuers, prepared an Information Memorandum, and invited Expression of Interest (EoI). Several CoC meetings were held to discuss and evaluate the resolution plans. Ultimately, the CoC approved the resolution plan submitted by PP Metallix Limited with a majority of 99.49%.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Maxgrow India Limited on 04.06.2021. Mayank Rameshchandra Jain was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The RP issued a public announcement on 11.06.2021, specifying 23.06.2021 as the last date for receiving claims. Claims were received from various creditors, and a list of creditors was prepared and revised. The Committee of Creditors (CoC) was constituted, and its first meeting was held on 06.07.2021. Rakesh Tulsyan and Shalin Patel were appointed as valuers on 22.07.2021. The RP prepared an Information Memorandum (IM) and shared it with the CoC. The Invitation for Expression of Interest (EoI) in Form G was published on
…Sign in to view the parties.
CIRP was ini…
The Applicant was…
The case pertains to an application filed under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, read with Regulation 39(4) of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, seeking approval of the resolution plan for Maxgrow India Limited. The CIRP was initiated against the Corporate Debtor on 04.06.2021. The Resolution Professional (RP) issued a public announcement, collated claims, and constituted a Committee of Creditors (CoC). The RP appointed valuers, prepared an Information Memorandum, and invited Expression of Interest (EoI). Several CoC meetings were held to discuss and evaluate the resolution plans. Ultimately, the CoC approved the resolution plan submitted by PP Metallix Limited with a majority of 99.49%.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Maxgrow India Limited on 04.06.2021. Mayank Rameshchandra Jain was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The RP issued a public announcement on 11.06.2021, specifying 23.06.2021 as the last date for receiving claims. Claims were received from various creditors, and a list of creditors was prepared and revised. The Committee of Creditors (CoC) was constituted, and its first meeting was held on 06.07.2021. Rakesh Tulsyan and Shalin Patel were appointed as valuers on 22.07.2021. The RP prepared an Information Memorandum (IM) and shared it with the CoC. The Invitation for Expression of Interest (EoI) in Form G was published on
…CIRP was ini…
The Applicant was…