The case pertains to an application filed by the Resolution Professional (RP) of Greendiamz Biotech Ltd. under Section 33(1), 33(2), and 34(1) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor. An earlier application filed by the Financial Creditor, Union Bank of India, under Section 7 of the IBC, 2016, for initiating the Corporate Insolvency Resolution Process (CIRP) was admitted by the Adjudicating Authority on 27.05.2020. Following the admission, an Interim Resolution Professional (IRP) was appointed, who was later re-appointed as the Resolution Professional (RP) to complete the CIRP. A public announcement was made to invite claims from creditors, and the IRP received claims from the Financial Creditor and three Operational
…The Resolution Professional (RP) of Greendiamz Biotech Ltd. filed an application for liquidation under Section 33(1), 33(2), and 34(1) of the Insolvency and Bankruptcy Code, 2016. Union Bank of India, the Financial Creditor, had previously filed an application under Section 7 of the IBC, 2016, for initiating the Corporate Insolvency Resolution Process (CIRP), which was admitted on 27.05.2020. Chandra Prakash Jain was appointed as the Interim Resolution Professional (IRP) and later re-appointed as the RP. A public announcement was made to invite claims from creditors. The IRP received claims from Union Bank of India and three Operational Creditors. The Committee of Creditors (CoC) consisted solely of Union Bank of India. Two resolution plans were submitted by Mr.
…Sign in to view the parties.
The Adjudicating Authority admitted the…
The IRP published a public announcement in…
The case pertains to an application filed by the Resolution Professional (RP) of Greendiamz Biotech Ltd. under Section 33(1), 33(2), and 34(1) of the Insolvency and Bankruptcy Code, 2016, seeking liquidation of the Corporate Debtor. An earlier application filed by the Financial Creditor, Union Bank of India, under Section 7 of the IBC, 2016, for initiating the Corporate Insolvency Resolution Process (CIRP) was admitted by the Adjudicating Authority on 27.05.2020. Following the admission, an Interim Resolution Professional (IRP) was appointed, who was later re-appointed as the Resolution Professional (RP) to complete the CIRP. A public announcement was made to invite claims from creditors, and the IRP received claims from the Financial Creditor and three Operational
…The Resolution Professional (RP) of Greendiamz Biotech Ltd. filed an application for liquidation under Section 33(1), 33(2), and 34(1) of the Insolvency and Bankruptcy Code, 2016. Union Bank of India, the Financial Creditor, had previously filed an application under Section 7 of the IBC, 2016, for initiating the Corporate Insolvency Resolution Process (CIRP), which was admitted on 27.05.2020. Chandra Prakash Jain was appointed as the Interim Resolution Professional (IRP) and later re-appointed as the RP. A public announcement was made to invite claims from creditors. The IRP received claims from Union Bank of India and three Operational Creditors. The Committee of Creditors (CoC) consisted solely of Union Bank of India. Two resolution plans were submitted by Mr.
…The Adjudicating Authority admitted the…
The IRP published a public announcement in…