The case involves an application (IA 713/2021) filed in an ongoing Corporate Insolvency Resolution Process (CIRP) against Athena Energy Ventures Pvt Ltd. The CIRP was initiated by State Bank of India (SBI) under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. Initially, SBI's application was dismissed by the Adjudicating Authority, but the National Company Law Appellate Tribunal (NCLAT) overturned this decision and admitted the corporate debtor into CIRP. Mr. C. Bala Mouli was appointed as the Interim Resolution Professional (IRP). Subsequently, Mr. Kumar Rajan was appointed as the Resolution Professional (RP). The Committee of Creditors (CoC) resolved for early liquidation of the Corporate Debtor with a majority of 86.80% voting in favor, and approved the
…State Bank of India (SBI), a financial creditor, filed a company petition (CP(IB)No.466/7/HDB/2019) against Athena Energy Venture Private Limited (Corporate Debtor) under Section 7 of the IBC. The Adjudicating Authority initially dismissed SBI's application on 04.03.2020. SBI appealed to the NCLAT, which allowed the appeal on 24.11.2020 and admitted the Corporate Debtor into CIRP. Mr. C. Bala Mouli was appointed as the IRP. Mr. Bala Mouli filed IA(IBC) No.210/2021 on 26.04.2021 seeking clarification on his assignment. Mr. Kumar Rajan was appointed as Liquidator of the principal borrowers-APCL. The CoC resolved for early liquidation of the Corporate Debtor with 86.80% majority and approved Mr. Kumar Rajan as Liquidator with 85.20% voting share. The RP then filed IA No.
…Sign in to view the parties.
State Bank of India filed…
The Adjudicating…
The case involves an application (IA 713/2021) filed in an ongoing Corporate Insolvency Resolution Process (CIRP) against Athena Energy Ventures Pvt Ltd. The CIRP was initiated by State Bank of India (SBI) under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. Initially, SBI's application was dismissed by the Adjudicating Authority, but the National Company Law Appellate Tribunal (NCLAT) overturned this decision and admitted the corporate debtor into CIRP. Mr. C. Bala Mouli was appointed as the Interim Resolution Professional (IRP). Subsequently, Mr. Kumar Rajan was appointed as the Resolution Professional (RP). The Committee of Creditors (CoC) resolved for early liquidation of the Corporate Debtor with a majority of 86.80% voting in favor, and approved the
…State Bank of India (SBI), a financial creditor, filed a company petition (CP(IB)No.466/7/HDB/2019) against Athena Energy Venture Private Limited (Corporate Debtor) under Section 7 of the IBC. The Adjudicating Authority initially dismissed SBI's application on 04.03.2020. SBI appealed to the NCLAT, which allowed the appeal on 24.11.2020 and admitted the Corporate Debtor into CIRP. Mr. C. Bala Mouli was appointed as the IRP. Mr. Bala Mouli filed IA(IBC) No.210/2021 on 26.04.2021 seeking clarification on his assignment. Mr. Kumar Rajan was appointed as Liquidator of the principal borrowers-APCL. The CoC resolved for early liquidation of the Corporate Debtor with 86.80% majority and approved Mr. Kumar Rajan as Liquidator with 85.20% voting share. The RP then filed IA No.
…State Bank of India filed…
The Adjudicating…