The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s. Shree Ambica International Food Company Private Limited ('Corporate Debtor') by the Hon'ble Adjudicating Authority on 16.10.2019, following an application under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, filed by State Bank of India ('Financial Creditor'). Mr. Mahesh Bansal was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The RP sought approval of the Resolution Plan submitted by Ms. Minakshi and Mr. Kushal Goyal ('Successful Resolution Applicant'). The Committee of Creditors (CoC) approved the Resolution Plan in its 16th CoC Meeting with 100% voting in favor, as per Section 30(4) of the IBC, 2016.
The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s. Shree Ambica International Food Company Private Limited ('Corporate Debtor') on 16.10.2019 by the Adjudicating Authority, following an application under Section 7 of the IBC, 2016, filed by State Bank of India ('Financial Creditor'). Mr. Mahesh Bansal was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The Corporate Debtor is engaged in the business of manufacturing, marketing, and sale of Rice, Basmati Rice, Long Grain, Basmati Rice, and other related products. A public announcement was made on 22.10.2019, inviting creditors to submit their claims. The last date for submission of proof of claim was 04.11.2019. The RP constituted
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Corporate Insolvency Resolution Process…
Public announcement…
The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s. Shree Ambica International Food Company Private Limited ('Corporate Debtor') by the Hon'ble Adjudicating Authority on 16.10.2019, following an application under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, filed by State Bank of India ('Financial Creditor'). Mr. Mahesh Bansal was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The RP sought approval of the Resolution Plan submitted by Ms. Minakshi and Mr. Kushal Goyal ('Successful Resolution Applicant'). The Committee of Creditors (CoC) approved the Resolution Plan in its 16th CoC Meeting with 100% voting in favor, as per Section 30(4) of the IBC, 2016.
The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s. Shree Ambica International Food Company Private Limited ('Corporate Debtor') on 16.10.2019 by the Adjudicating Authority, following an application under Section 7 of the IBC, 2016, filed by State Bank of India ('Financial Creditor'). Mr. Mahesh Bansal was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The Corporate Debtor is engaged in the business of manufacturing, marketing, and sale of Rice, Basmati Rice, Long Grain, Basmati Rice, and other related products. A public announcement was made on 22.10.2019, inviting creditors to submit their claims. The last date for submission of proof of claim was 04.11.2019. The RP constituted
…Corporate Insolvency Resolution Process…
Public announcement…