The case involves an application filed under Section 33(2) of the Insolvency and Bankruptcy Code (IBC), 2016, seeking the liquidation of the Corporate Debtor, GHO Agro Private Limited. The Corporate Insolvency Resolution Process (CIRP) commenced on 01.11.2021, pursuant to an application filed by the Financial Creditor, Punjab National Bank, under Section 7 of IBC, 2016. The Committee of Creditors (CoC) resolved to liquidate the Corporate Debtor, and the Resolution Professional (RP), Jayashree S Iyer, was appointed as the Liquidator.
The Corporate Insolvency Resolution Process (CIRP) commenced against GHO Agro Private Limited on 01.11.2021, based on an application by Punjab National Bank under Section 7 of the IBC, 2016. Mr. L.K. Sivaramakrishnan was initially appointed as the Interim Resolution Professional, followed by the appointment of Jayashree S Iyer as the Resolution Professional on 14.03.2022. Thirteen CoC meetings were held, during which a resolution plan presented by Indrayani Biotech Limited was discussed. However, the CoC voted against the resolution plan with a 99.36% majority on 08.11.2022. In the 13th CoC meeting on 15.11.2022, a 76.23% majority resolved to liquidate the company. The CIRP period was extended until 25.11.2022. The voting results show that Punjab National Bank held
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CIRP commenced vide order dated 01.11.2021…
Public announce…
The case involves an application filed under Section 33(2) of the Insolvency and Bankruptcy Code (IBC), 2016, seeking the liquidation of the Corporate Debtor, GHO Agro Private Limited. The Corporate Insolvency Resolution Process (CIRP) commenced on 01.11.2021, pursuant to an application filed by the Financial Creditor, Punjab National Bank, under Section 7 of IBC, 2016. The Committee of Creditors (CoC) resolved to liquidate the Corporate Debtor, and the Resolution Professional (RP), Jayashree S Iyer, was appointed as the Liquidator.
The Corporate Insolvency Resolution Process (CIRP) commenced against GHO Agro Private Limited on 01.11.2021, based on an application by Punjab National Bank under Section 7 of the IBC, 2016. Mr. L.K. Sivaramakrishnan was initially appointed as the Interim Resolution Professional, followed by the appointment of Jayashree S Iyer as the Resolution Professional on 14.03.2022. Thirteen CoC meetings were held, during which a resolution plan presented by Indrayani Biotech Limited was discussed. However, the CoC voted against the resolution plan with a 99.36% majority on 08.11.2022. In the 13th CoC meeting on 15.11.2022, a 76.23% majority resolved to liquidate the company. The CIRP period was extended until 25.11.2022. The voting results show that Punjab National Bank held
…CIRP commenced vide order dated 01.11.2021…
Public announce…