The case pertains to an application filed under Section 33 of the Insolvency and Bankruptcy Code, 2016, for the liquidation of the Corporate Debtor, M/s Coromandel Agrico Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated following a petition filed by the Operational Creditor, M/s Arysta Life Science India Limited, which was admitted by the Adjudicating Authority on 19.04.2022. Mr. Sushil Kumar Singh was appointed as the Interim Resolution Professional (IRP). The IRP made a public announcement of the CIRP and constituted the Committee of Creditors (CoC). The IRP was later confirmed as the Resolution Professional (RP) with 100% votes in the second CoC meeting held on 30.05.2022.
M/s Coromandel Agrico Private Limited underwent Corporate Insolvency Resolution Process (CIRP) following a petition by M/s Arysta Life Science India Limited. Sushil Kumar Singhal was appointed as the Resolution Professional (RP). The Committee of Creditors (CoC) was formed, and the RP invited resolution plans. Several entities expressed interest, but objections were raised against Mr. Anand Pradeep Kumar due to his status as a wilful defaulter. The RP received two resolution plans, one from Shiva Traders and another from Mr. Anand Pradeep Kumar. The CoC extended the CIRP period and the deadline for submitting resolution plans. Ultimately, the CoC rejected both resolution plans due to insufficient voting support and resolved to liquidate the Corporate Debtor. The RP was
…Sign in to view the parties.
Adjudicating Authority admitted the Petition…
The IRP made public announcement of CIRP of…
The case pertains to an application filed under Section 33 of the Insolvency and Bankruptcy Code, 2016, for the liquidation of the Corporate Debtor, M/s Coromandel Agrico Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated following a petition filed by the Operational Creditor, M/s Arysta Life Science India Limited, which was admitted by the Adjudicating Authority on 19.04.2022. Mr. Sushil Kumar Singh was appointed as the Interim Resolution Professional (IRP). The IRP made a public announcement of the CIRP and constituted the Committee of Creditors (CoC). The IRP was later confirmed as the Resolution Professional (RP) with 100% votes in the second CoC meeting held on 30.05.2022.
M/s Coromandel Agrico Private Limited underwent Corporate Insolvency Resolution Process (CIRP) following a petition by M/s Arysta Life Science India Limited. Sushil Kumar Singhal was appointed as the Resolution Professional (RP). The Committee of Creditors (CoC) was formed, and the RP invited resolution plans. Several entities expressed interest, but objections were raised against Mr. Anand Pradeep Kumar due to his status as a wilful defaulter. The RP received two resolution plans, one from Shiva Traders and another from Mr. Anand Pradeep Kumar. The CoC extended the CIRP period and the deadline for submitting resolution plans. Ultimately, the CoC rejected both resolution plans due to insufficient voting support and resolved to liquidate the Corporate Debtor. The RP was
…Adjudicating Authority admitted the Petition…
The IRP made public announcement of CIRP of…