The case involves an application under Section 30(6) read with Section 31(1) of the Insolvency & Bankruptcy Code, 2016, and Regulation 39(4) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The application was filed on behalf of Mr. Rajesh Ramnani, the Resolution Professional (RP) of M/s. Turtle Books Private Limited ('Corporate Debtor'), seeking approval of the Resolution Plan submitted by M/s. Jigsaw Edu Solutions Private Limited ('Successful Resolution Applicant'). The Corporate Insolvency Resolution Process (CIRP) against M/s. Turtle Books Private Limited was initiated by the Adjudicating Authority on 19.01.2021, following an application under Section 9 of the Code, 2016, filed by M/s. TCI
…The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s. Turtle Books Private Limited ('Corporate Debtor') on 19.01.2021 by the Adjudicating Authority, following an application under Section 9 of the Code, 2016, filed by M/s. TCI Express Limited ('Operational Creditor'). The Corporate Debtor is engaged in the business of publishing books, which had declined due to the New Education Policy. Mr. Rajesh Ramnani was appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional (RP). A public announcement was made, inviting creditors to submit claims. The Committee of Creditors (CoC) was reconstituted, comprising the sole Financial Creditor, M/s. Aditya Birla Finance Limited. The Invitation for Expression of
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The Adjudicating Authority initiated the…
A public announcement…
The case involves an application under Section 30(6) read with Section 31(1) of the Insolvency & Bankruptcy Code, 2016, and Regulation 39(4) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The application was filed on behalf of Mr. Rajesh Ramnani, the Resolution Professional (RP) of M/s. Turtle Books Private Limited ('Corporate Debtor'), seeking approval of the Resolution Plan submitted by M/s. Jigsaw Edu Solutions Private Limited ('Successful Resolution Applicant'). The Corporate Insolvency Resolution Process (CIRP) against M/s. Turtle Books Private Limited was initiated by the Adjudicating Authority on 19.01.2021, following an application under Section 9 of the Code, 2016, filed by M/s. TCI
…The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s. Turtle Books Private Limited ('Corporate Debtor') on 19.01.2021 by the Adjudicating Authority, following an application under Section 9 of the Code, 2016, filed by M/s. TCI Express Limited ('Operational Creditor'). The Corporate Debtor is engaged in the business of publishing books, which had declined due to the New Education Policy. Mr. Rajesh Ramnani was appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional (RP). A public announcement was made, inviting creditors to submit claims. The Committee of Creditors (CoC) was reconstituted, comprising the sole Financial Creditor, M/s. Aditya Birla Finance Limited. The Invitation for Expression of
…The Adjudicating Authority initiated the…
A public announcement…