The case pertains to IA/5590/2023 filed in C.P.(IB)/965(MB)-C-III-2022 under Section 30(6) and Section 31 of the Insolvency and Bankruptcy Code, 2016. The application was filed by the Resolution Professional of M/s Shivsagar Sugar and Agro Products Ltd. seeking approval of the Resolution Plan submitted by Mr. Syed Fahad jointly with M/s Gudagunti Sugar & Bioenergies Private Limited. The Corporate Debtor, M/s Shri Shivsagar Sugar and Agro Products Limited, was admitted into Corporate Insolvency Resolution Process (CIRP) on an application under section 7 of the Code. Initially, Ms. Devika Sathyanarayana was appointed as Interim Resolution Professional (IRP), but later replaced by Mr. Raj Kumar Dad. The Committee of Creditors (CoC) approved the Resolution Plan in its
…M/s Shri Shivsagar Sugar and Agro Products Limited was admitted into CIRP based on an application under Section 7 of the Insolvency and Bankruptcy Code. Ms. Devika Sathyanarayana was initially appointed as the Interim Resolution Professional (IRP) but was later replaced by Mr. Raj Kumar Dad. A public announcement was made on 05.11.2022, inviting claims from creditors. The IRP collated and verified the claims, constituting the CoC. The CoC was reconstituted following re-verification of claims. The RP received 9 Expressions of Interest (EoIs) and issued RFRP to prospective resolution applicants. Two resolution plans were submitted, one by Vishwaraj Sugar Industries Limited and another by Mr. Syed Fahad jointly with Gudagunti Sugar & Bioenergies Private Limited.
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M/s Shri Shivsagar Sugar and Agro Products…
Ms. Devika Sathyanarayan…
The case pertains to IA/5590/2023 filed in C.P.(IB)/965(MB)-C-III-2022 under Section 30(6) and Section 31 of the Insolvency and Bankruptcy Code, 2016. The application was filed by the Resolution Professional of M/s Shivsagar Sugar and Agro Products Ltd. seeking approval of the Resolution Plan submitted by Mr. Syed Fahad jointly with M/s Gudagunti Sugar & Bioenergies Private Limited. The Corporate Debtor, M/s Shri Shivsagar Sugar and Agro Products Limited, was admitted into Corporate Insolvency Resolution Process (CIRP) on an application under section 7 of the Code. Initially, Ms. Devika Sathyanarayana was appointed as Interim Resolution Professional (IRP), but later replaced by Mr. Raj Kumar Dad. The Committee of Creditors (CoC) approved the Resolution Plan in its
…M/s Shri Shivsagar Sugar and Agro Products Limited was admitted into CIRP based on an application under Section 7 of the Insolvency and Bankruptcy Code. Ms. Devika Sathyanarayana was initially appointed as the Interim Resolution Professional (IRP) but was later replaced by Mr. Raj Kumar Dad. A public announcement was made on 05.11.2022, inviting claims from creditors. The IRP collated and verified the claims, constituting the CoC. The CoC was reconstituted following re-verification of claims. The RP received 9 Expressions of Interest (EoIs) and issued RFRP to prospective resolution applicants. Two resolution plans were submitted, one by Vishwaraj Sugar Industries Limited and another by Mr. Syed Fahad jointly with Gudagunti Sugar & Bioenergies Private Limited.
…M/s Shri Shivsagar Sugar and Agro Products…
Ms. Devika Sathyanarayan…