The case pertains to the Corporate Insolvency Resolution Process (CIRP) of Chhatrapati Agro Food Manufacturing Co Ltd. initiated by UCO Bank under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The CIRP was ordered on 07.11.2019. The applicant was appointed as the Interim Resolution Professional (IRP) and subsequently confirmed as the Resolution Professional (RP). Public announcements were made to invite claims from creditors. The Committee of Creditors (CoC) was constituted. Despite multiple invitations for Expression of Interest (EoI) and extensions, no viable resolution plan was received. The CoC ultimately decided to initiate liquidation proceedings.
UCO Bank initiated Corporate Insolvency Resolution Process (CIRP) against Chhatrapati Agro Food Manufacturing Co Ltd under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The CIRP was ordered on 07.11.2019, and an Interim Resolution Professional (IRP) was appointed, who was later confirmed as the Resolution Professional (RP). Public announcements were made to invite claims from creditors, and a Committee of Creditors (CoC) was constituted. The RP issued multiple invitations for Expression of Interest (EoI) for resolution plans, with several extensions granted. Despite these efforts, no viable resolution plan was received. The CoC, in its 14th meeting on 25.05.2021, decided to initiate liquidation proceedings, which was approved with 100% voting share. The
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Corporate Insolvency…
Applicant issued public announcement on IBBI…
The case pertains to the Corporate Insolvency Resolution Process (CIRP) of Chhatrapati Agro Food Manufacturing Co Ltd. initiated by UCO Bank under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The CIRP was ordered on 07.11.2019. The applicant was appointed as the Interim Resolution Professional (IRP) and subsequently confirmed as the Resolution Professional (RP). Public announcements were made to invite claims from creditors. The Committee of Creditors (CoC) was constituted. Despite multiple invitations for Expression of Interest (EoI) and extensions, no viable resolution plan was received. The CoC ultimately decided to initiate liquidation proceedings.
UCO Bank initiated Corporate Insolvency Resolution Process (CIRP) against Chhatrapati Agro Food Manufacturing Co Ltd under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The CIRP was ordered on 07.11.2019, and an Interim Resolution Professional (IRP) was appointed, who was later confirmed as the Resolution Professional (RP). Public announcements were made to invite claims from creditors, and a Committee of Creditors (CoC) was constituted. The RP issued multiple invitations for Expression of Interest (EoI) for resolution plans, with several extensions granted. Despite these efforts, no viable resolution plan was received. The CoC, in its 14th meeting on 25.05.2021, decided to initiate liquidation proceedings, which was approved with 100% voting share. The
…Corporate Insolvency…
Applicant issued public announcement on IBBI…