The case pertains to IA(IBC)(Liq) No. 21/2024 filed in CP(IB) No. 398/7/HDB/2022 concerning M/s. Indore Dewas Tollways Limited, a corporate debtor. The application was filed by the Resolution Professional (RP) under Section 33 read with Section 34 of the Insolvency and Bankruptcy Code (IBC), 2016, seeking liquidation of the corporate debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated, and Mr. Madhu Sudhanarao Mallipaddi was appointed as the Interim Resolution Professional (IRP). The Committee of Creditors (CoC) decided to go for liquidation due to the absence of a viable resolution plan. The RP took steps, including issuing public announcements and inviting expressions of interest (EoI). Claims were received, and the CoC was constituted,
…M/s. Indore Dewas Tollways Limited faced Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC), 2016. Madhu Sudhanarao Mallipaddi was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). The Committee of Creditors (CoC) was formed, consisting of Union Bank of India, Punjab National Bank, State Bank of India, and India Infrastructure Finance Corporation Limited. Several attempts were made to find a resolution plan, including inviting Expressions of Interest (EoI) and extending the CIRP period. A resolution plan was submitted by M/s. Anirudh Agro Farms Limited but was not approved by the CoC. The Corporate Debtor had claims against the National Highways Authority of India (NHAI) for
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Mr. Madhu Sudhanarao Mallipaddi was appointed…
On 27.09.2024, the CoC conducted its 14th…
The case pertains to IA(IBC)(Liq) No. 21/2024 filed in CP(IB) No. 398/7/HDB/2022 concerning M/s. Indore Dewas Tollways Limited, a corporate debtor. The application was filed by the Resolution Professional (RP) under Section 33 read with Section 34 of the Insolvency and Bankruptcy Code (IBC), 2016, seeking liquidation of the corporate debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated, and Mr. Madhu Sudhanarao Mallipaddi was appointed as the Interim Resolution Professional (IRP). The Committee of Creditors (CoC) decided to go for liquidation due to the absence of a viable resolution plan. The RP took steps, including issuing public announcements and inviting expressions of interest (EoI). Claims were received, and the CoC was constituted,
…M/s. Indore Dewas Tollways Limited faced Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC), 2016. Madhu Sudhanarao Mallipaddi was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). The Committee of Creditors (CoC) was formed, consisting of Union Bank of India, Punjab National Bank, State Bank of India, and India Infrastructure Finance Corporation Limited. Several attempts were made to find a resolution plan, including inviting Expressions of Interest (EoI) and extending the CIRP period. A resolution plan was submitted by M/s. Anirudh Agro Farms Limited but was not approved by the CoC. The Corporate Debtor had claims against the National Highways Authority of India (NHAI) for
…Mr. Madhu Sudhanarao Mallipaddi was appointed…
On 27.09.2024, the CoC conducted its 14th…