The case pertains to an application filed by the Interim Resolution Professional (IRP) under Section 30 and 31 of the Insolvency and Bankruptcy Code, 2016, seeking approval of the Resolution Plan for Osian's Connoisseurs of Art Pvt Ltd, which was admitted into Corporate Insolvency Resolution Process (CIRP) vide order dated 09.12.2021. The IRP, Mr. Girish Siriram Juneja, was appointed after the commencement of CIRP. The resolution plan was approved by the Committee of Creditors (CoC) with 100% votes in its favor.
Osian's Connoisseurs of Art Pvt Ltd was admitted into Corporate Insolvency Resolution Process (CIRP) on 09.12.2021. Mr. Girish Siriram Juneja was appointed as the Interim Resolution Professional (IRP). Public announcements were made to invite claims from creditors. The IRP received claims amounting to Rs.611,56,27,734/-, out of which Rs.557,79,46,861/- was admitted. The Committee of Creditors (CoC) was constituted on 06.01.2022, comprising IDBI Bank Ltd and Axis Bank Ltd with voting percentages of 52.39% and 47.61% respectively. Ten CoC meetings were held during the CIRP period. Registered valuers were appointed to conduct valuation. Expressions of Interest (EOIs) were invited, and a final list of eligible Prospective Resolution Applicants was published. The last date
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Osian's Connoisseurs of Art Pvt Ltd admitted…
Mr. Girish Siriram…
The case pertains to an application filed by the Interim Resolution Professional (IRP) under Section 30 and 31 of the Insolvency and Bankruptcy Code, 2016, seeking approval of the Resolution Plan for Osian's Connoisseurs of Art Pvt Ltd, which was admitted into Corporate Insolvency Resolution Process (CIRP) vide order dated 09.12.2021. The IRP, Mr. Girish Siriram Juneja, was appointed after the commencement of CIRP. The resolution plan was approved by the Committee of Creditors (CoC) with 100% votes in its favor.
Osian's Connoisseurs of Art Pvt Ltd was admitted into Corporate Insolvency Resolution Process (CIRP) on 09.12.2021. Mr. Girish Siriram Juneja was appointed as the Interim Resolution Professional (IRP). Public announcements were made to invite claims from creditors. The IRP received claims amounting to Rs.611,56,27,734/-, out of which Rs.557,79,46,861/- was admitted. The Committee of Creditors (CoC) was constituted on 06.01.2022, comprising IDBI Bank Ltd and Axis Bank Ltd with voting percentages of 52.39% and 47.61% respectively. Ten CoC meetings were held during the CIRP period. Registered valuers were appointed to conduct valuation. Expressions of Interest (EOIs) were invited, and a final list of eligible Prospective Resolution Applicants was published. The last date
…Osian's Connoisseurs of Art Pvt Ltd admitted…
Mr. Girish Siriram…