The application was filed by CA Jasin Jose, the Resolution Professional for Ms Devi Kalesh, Personal Guarantor to M/s Tanish My Zone Supermarkets India Limited, seeking an order of the Tribunal to take on record the decisions of the meeting of Committee of Creditors under section 112 of IBC, and order Non-submission of Repayment Plan is as good as rejecting the repayment plan under section 114 of IBC, and pass order declaring creditors are entitled to proceed with bankruptcy. The Insolvency Resolution Process against Ms Devi Kalesh was initiated on 25.06.2024 by an order passed by the Tribunal in CP(IBC)/26/KOB/2023 wherein the Applicant herein was appointed as the Resolution Professional. The Applicant/Resolution Professional made a public announcement of the
…The Resolution Professional (CA Jasin Jose) for Ms. Devi Kalesh, the Personal Guarantor to M/s Tanish My Zone Supermarkets India Limited, filed an application seeking an order to record the decisions of the Committee of Creditors under section 112 of the IBC. The application also sought a declaration that non-submission of a repayment plan is equivalent to rejecting it under section 114 of the IBC, allowing creditors to proceed with bankruptcy. The Insolvency Resolution Process against Ms. Devi Kalesh was initiated on 25.06.2024. The Resolution Professional made a public announcement on 01.07.2024, inviting claims from creditors. The South Indian Bank Limited, the financial creditor, submitted a claim of Rs. 4,64,63,373.09/-. The Resolution Professional requested the
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The Insolvency Resolution Process against Ms…
The Applicant/Resolution Professional made a…
The application was filed by CA Jasin Jose, the Resolution Professional for Ms Devi Kalesh, Personal Guarantor to M/s Tanish My Zone Supermarkets India Limited, seeking an order of the Tribunal to take on record the decisions of the meeting of Committee of Creditors under section 112 of IBC, and order Non-submission of Repayment Plan is as good as rejecting the repayment plan under section 114 of IBC, and pass order declaring creditors are entitled to proceed with bankruptcy. The Insolvency Resolution Process against Ms Devi Kalesh was initiated on 25.06.2024 by an order passed by the Tribunal in CP(IBC)/26/KOB/2023 wherein the Applicant herein was appointed as the Resolution Professional. The Applicant/Resolution Professional made a public announcement of the
…The Resolution Professional (CA Jasin Jose) for Ms. Devi Kalesh, the Personal Guarantor to M/s Tanish My Zone Supermarkets India Limited, filed an application seeking an order to record the decisions of the Committee of Creditors under section 112 of the IBC. The application also sought a declaration that non-submission of a repayment plan is equivalent to rejecting it under section 114 of the IBC, allowing creditors to proceed with bankruptcy. The Insolvency Resolution Process against Ms. Devi Kalesh was initiated on 25.06.2024. The Resolution Professional made a public announcement on 01.07.2024, inviting claims from creditors. The South Indian Bank Limited, the financial creditor, submitted a claim of Rs. 4,64,63,373.09/-. The Resolution Professional requested the
…The Insolvency Resolution Process against Ms…
The Applicant/Resolution Professional made a…