The case involves an application under Section 30(6) read with Section 31 of the Insolvency and Bankruptcy Code (IBC) 2016, filed by Chetan B Patel, the Resolution Professional (RP) of Nidhi Impotrade Private Limited, Surat. The application seeks approval of the resolution plan submitted by the Resolution Applicant, M/s Nibhu Health Care LLP. Nidhi Impotrade Private Limited was admitted into the Corporate Insolvency Resolution Process (CIRP) on 2021-03-12, following an application by an operational creditor, Mohit Minerals Limited. The RP was appointed, and a Committee of Creditors (CoC) was formed. The CoC approved the resolution plan submitted by M/s Nibhu Healthcare LLP with a majority of 82.17%.
Nidhi Impotrade Private Limited was admitted into CIRP on 2021-03-12, following an application by operational creditor Mohit Minerals Limited. Chetan B Patel was appointed as the Resolution Professional (RP). The RP published Form G and constituted a Committee of Creditors (CoC). M/s Nibhu Healthcare LLP submitted a resolution plan, which was approved by the CoC with 82.17% majority on 2021-10-01. The CIRP period was extended beyond 180 days with the Tribunal's approval on 2021-09-13. There were 13 unsecured financial creditors with an admitted debt of Rs.1,19,28,524/-. The CIRP cost was estimated at Rs.9,00,000/-. No claims were received from workmen or employees. The fair value of the assets of the Corporate Debtor was assessed at Rs.94,175/- and Rs.1,08,520/-, and
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Nidhi Impotrade Private Limited was admitted…
The RP made a public announcement in…
The case involves an application under Section 30(6) read with Section 31 of the Insolvency and Bankruptcy Code (IBC) 2016, filed by Chetan B Patel, the Resolution Professional (RP) of Nidhi Impotrade Private Limited, Surat. The application seeks approval of the resolution plan submitted by the Resolution Applicant, M/s Nibhu Health Care LLP. Nidhi Impotrade Private Limited was admitted into the Corporate Insolvency Resolution Process (CIRP) on 2021-03-12, following an application by an operational creditor, Mohit Minerals Limited. The RP was appointed, and a Committee of Creditors (CoC) was formed. The CoC approved the resolution plan submitted by M/s Nibhu Healthcare LLP with a majority of 82.17%.
Nidhi Impotrade Private Limited was admitted into CIRP on 2021-03-12, following an application by operational creditor Mohit Minerals Limited. Chetan B Patel was appointed as the Resolution Professional (RP). The RP published Form G and constituted a Committee of Creditors (CoC). M/s Nibhu Healthcare LLP submitted a resolution plan, which was approved by the CoC with 82.17% majority on 2021-10-01. The CIRP period was extended beyond 180 days with the Tribunal's approval on 2021-09-13. There were 13 unsecured financial creditors with an admitted debt of Rs.1,19,28,524/-. The CIRP cost was estimated at Rs.9,00,000/-. No claims were received from workmen or employees. The fair value of the assets of the Corporate Debtor was assessed at Rs.94,175/- and Rs.1,08,520/-, and
…Nidhi Impotrade Private Limited was admitted…
The RP made a public announcement in…