The case involves an application for the approval of a Resolution Plan submitted by Jagdushah International Private Limited for Tribesmen Graphics Private Limited, which was undergoing Corporate Insolvency Resolution Process (CIRP). The CIRP was initiated following an application by an Operational Creditor, M/s Meera Garments. The Committee of Creditors (CoC) was formed, consisting of Zed Chem Pvt. Ltd. and Shriram Finance Ltd. Multiple CoC meetings were held to discuss and evaluate resolution plans. The CIRP period was extended. Ultimately, the CoC approved the resolution plan submitted by Jagdushah International Private Limited with a 99.80% voting share.
M/s Meera Garments, an Operational Creditor, filed an application under Section 9 of the IB Code, leading to the initiation of CIRP against Tribesmen Graphics Private Limited on 2023-01-23. Mr. Darshan Bharatbhai Patel was initially appointed as the Interim Resolution Professional (IRP), later replaced by Mr. Jigar Tarunkumar Bhatt. The Committee of Creditors (CoC) was formed, comprising Zed Chem Pvt. Ltd. with 99.80% voting share and Shriram Finance Ltd. with 0.20% voting share. Several CoC meetings were conducted to evaluate resolution plans. Two prospective resolution applicants (PRAs), Mr. Sunil Kumar Kabra and Jagdushah International Private Limited, submitted resolution plans. The CoC approved the resolution plan submitted by Jagdushah International Private
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The Corporate Debtor was admitted into CIRP…
Mr. Darshan Bharatbhai Patel, the Interim…
The case involves an application for the approval of a Resolution Plan submitted by Jagdushah International Private Limited for Tribesmen Graphics Private Limited, which was undergoing Corporate Insolvency Resolution Process (CIRP). The CIRP was initiated following an application by an Operational Creditor, M/s Meera Garments. The Committee of Creditors (CoC) was formed, consisting of Zed Chem Pvt. Ltd. and Shriram Finance Ltd. Multiple CoC meetings were held to discuss and evaluate resolution plans. The CIRP period was extended. Ultimately, the CoC approved the resolution plan submitted by Jagdushah International Private Limited with a 99.80% voting share.
M/s Meera Garments, an Operational Creditor, filed an application under Section 9 of the IB Code, leading to the initiation of CIRP against Tribesmen Graphics Private Limited on 2023-01-23. Mr. Darshan Bharatbhai Patel was initially appointed as the Interim Resolution Professional (IRP), later replaced by Mr. Jigar Tarunkumar Bhatt. The Committee of Creditors (CoC) was formed, comprising Zed Chem Pvt. Ltd. with 99.80% voting share and Shriram Finance Ltd. with 0.20% voting share. Several CoC meetings were conducted to evaluate resolution plans. Two prospective resolution applicants (PRAs), Mr. Sunil Kumar Kabra and Jagdushah International Private Limited, submitted resolution plans. The CoC approved the resolution plan submitted by Jagdushah International Private
…The Corporate Debtor was admitted into CIRP…
Mr. Darshan Bharatbhai Patel, the Interim…