The case involves the Corporate Insolvency Resolution Process (CIRP) of M/s Prithvi Multipurpose Cold Storage Private Limited. The CIRP was initiated by United Bank of India (now Punjab National Bank) under Section 7 of the Insolvency and Bankruptcy Code, 2016. The application was admitted by the Adjudicating Authority on 28.08.2019, and an Interim Resolution Professional (IRP) was appointed, who was later confirmed as the Resolution Professional (RP). Liquidation proceedings were initiated on 16.03.2021, and the RP was appointed as the Liquidator. Several applications were filed, including IA(IBC) Plan No. 03/JPR/2024 by the Liquidator seeking approval of a Resolution Plan, IA (IBC) No. 597/JPR/2022 and IA (IBC) No. 102/JPR/2023 filed by Mr. Punam Sirohia, erstwhile
…The Corporate Debtor, M/s Prithvi Multipurpose Cold Storage Private Limited, underwent Corporate Insolvency Resolution Process (CIRP) initiated by United Bank of India (now Punjab National Bank) due to financial default. The CIRP was triggered under Section 7 of the Insolvency and Bankruptcy Code (IBC). An Interim Resolution Professional (IRP) was appointed and later confirmed as the Resolution Professional (RP). The RP initiated liquidation proceedings after previous resolution attempts failed. A Stakeholders Consultation Committee (SCC) was formed, comprising representatives of the financial creditor (Punjab National Bank) and other stakeholders. The Corporate Debtor, being an MSME unit, was given an opportunity to submit a fresh Resolution Plan. The RP filed a list
…Sign in to view the parties.
Application admitted by the Adjudicating…
Liquidation proceedings…
The case involves the Corporate Insolvency Resolution Process (CIRP) of M/s Prithvi Multipurpose Cold Storage Private Limited. The CIRP was initiated by United Bank of India (now Punjab National Bank) under Section 7 of the Insolvency and Bankruptcy Code, 2016. The application was admitted by the Adjudicating Authority on 28.08.2019, and an Interim Resolution Professional (IRP) was appointed, who was later confirmed as the Resolution Professional (RP). Liquidation proceedings were initiated on 16.03.2021, and the RP was appointed as the Liquidator. Several applications were filed, including IA(IBC) Plan No. 03/JPR/2024 by the Liquidator seeking approval of a Resolution Plan, IA (IBC) No. 597/JPR/2022 and IA (IBC) No. 102/JPR/2023 filed by Mr. Punam Sirohia, erstwhile
…The Corporate Debtor, M/s Prithvi Multipurpose Cold Storage Private Limited, underwent Corporate Insolvency Resolution Process (CIRP) initiated by United Bank of India (now Punjab National Bank) due to financial default. The CIRP was triggered under Section 7 of the Insolvency and Bankruptcy Code (IBC). An Interim Resolution Professional (IRP) was appointed and later confirmed as the Resolution Professional (RP). The RP initiated liquidation proceedings after previous resolution attempts failed. A Stakeholders Consultation Committee (SCC) was formed, comprising representatives of the financial creditor (Punjab National Bank) and other stakeholders. The Corporate Debtor, being an MSME unit, was given an opportunity to submit a fresh Resolution Plan. The RP filed a list
…Application admitted by the Adjudicating…
Liquidation proceedings…