The case involves an application filed by the Interim Resolution Professional (IRP) seeking closure of the Corporate Insolvency Resolution Process (CIRP) initiated against the Corporate Debtor, Basantipur Tea Co. Pvt. Ltd., vide order dated 23.12.2021. The CIRP was initiated based on an application against the Corporate Debtor. During the CIRP, two claims were received by the IRP, one from Indian Bank and another from S.L. Packaging Private Limited. The petitioning Operational Creditor, Jai Trading Company, did not file any claim with the IRP. The IRP received Form FA along with a copy of the settlement agreement with the petitioning Operational Creditor. The Operational Creditor has since withdrawn its claim. The IRP filed a report constituting the Committee of
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Basantipur Tea Co. Pvt. Ltd. based on an application. The Interim Resolution Professional (IRP) filed an application seeking closure of the CIRP. Two claims were received by the IRP, one from Indian Bank for Rs.3,03,73,634.80 and another from S.L. Packaging Private Limited for Rs.7,73,285.00. The petitioning Operational Creditor, Jai Trading Company, did not file any claim with the IRP. The IRP received Form FA along with a copy of the settlement agreement with the petitioning Operational Creditor. The Operational Creditor has since withdrawn its claim. The IRP filed a report constituting the Committee of Creditors (CoC). The CoC, consisting solely of Indian Bank, discussed the withdrawal of the
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CIRP initiated against…
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The case involves an application filed by the Interim Resolution Professional (IRP) seeking closure of the Corporate Insolvency Resolution Process (CIRP) initiated against the Corporate Debtor, Basantipur Tea Co. Pvt. Ltd., vide order dated 23.12.2021. The CIRP was initiated based on an application against the Corporate Debtor. During the CIRP, two claims were received by the IRP, one from Indian Bank and another from S.L. Packaging Private Limited. The petitioning Operational Creditor, Jai Trading Company, did not file any claim with the IRP. The IRP received Form FA along with a copy of the settlement agreement with the petitioning Operational Creditor. The Operational Creditor has since withdrawn its claim. The IRP filed a report constituting the Committee of
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Basantipur Tea Co. Pvt. Ltd. based on an application. The Interim Resolution Professional (IRP) filed an application seeking closure of the CIRP. Two claims were received by the IRP, one from Indian Bank for Rs.3,03,73,634.80 and another from S.L. Packaging Private Limited for Rs.7,73,285.00. The petitioning Operational Creditor, Jai Trading Company, did not file any claim with the IRP. The IRP received Form FA along with a copy of the settlement agreement with the petitioning Operational Creditor. The Operational Creditor has since withdrawn its claim. The IRP filed a report constituting the Committee of Creditors (CoC). The CoC, consisting solely of Indian Bank, discussed the withdrawal of the
…CIRP initiated against…
Public announcement in…