The case pertains to an application filed under Section 30(6) of the Insolvency and Bankruptcy Code (IBC), 2016, for the approval of a resolution plan for M/s. K K Kadri Paper Mills Pvt. Ltd., the Corporate Debtor. The Corporate Debtor was admitted into Corporate Insolvency Resolution Process (CIRP) on 25.07.2019, following an application by Edelweiss Asset Reconstruction Company Ltd./Financial Creditor under Section 7 of the IBC. The applicant was appointed as the Interim Resolution Professional (IRP). The IRP made a public announcement of the CIRP and constituted a Committee of Creditors (CoC) consisting of Edelweiss Asset Reconstruction Company Ltd. The CoC initially sought liquidation, but the Adjudicating Authority rejected this, directing efforts to resolve
…On 25.07.2019, M/s. Edelweiss Asset Reconstruction Company Ltd./Financial Creditor filed an application under Section 7 of the IBC, 2016, leading to the initiation of CIRP for M/s. K K Kadri Paper Mills Pvt. Ltd. The applicant was appointed as the Interim Resolution Professional (IRP). The IRP made a public announcement of the CIRP and constituted a Committee of Creditors (CoC) consisting of Edelweiss Asset Reconstruction Company Ltd. The CoC initially sought liquidation, but the Adjudicating Authority rejected this, directing efforts to resolve insolvency. This decision was challenged but the appeal was withdrawn. The CoC then held a second meeting on 20.08.2021. The CIRP period had completed, but the Adjudicating Authority allowed an exclusion of certain period from
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CIRP initiated as per the application filed by…
The IRP made a public announcement of CIRP of…
The case pertains to an application filed under Section 30(6) of the Insolvency and Bankruptcy Code (IBC), 2016, for the approval of a resolution plan for M/s. K K Kadri Paper Mills Pvt. Ltd., the Corporate Debtor. The Corporate Debtor was admitted into Corporate Insolvency Resolution Process (CIRP) on 25.07.2019, following an application by Edelweiss Asset Reconstruction Company Ltd./Financial Creditor under Section 7 of the IBC. The applicant was appointed as the Interim Resolution Professional (IRP). The IRP made a public announcement of the CIRP and constituted a Committee of Creditors (CoC) consisting of Edelweiss Asset Reconstruction Company Ltd. The CoC initially sought liquidation, but the Adjudicating Authority rejected this, directing efforts to resolve
…On 25.07.2019, M/s. Edelweiss Asset Reconstruction Company Ltd./Financial Creditor filed an application under Section 7 of the IBC, 2016, leading to the initiation of CIRP for M/s. K K Kadri Paper Mills Pvt. Ltd. The applicant was appointed as the Interim Resolution Professional (IRP). The IRP made a public announcement of the CIRP and constituted a Committee of Creditors (CoC) consisting of Edelweiss Asset Reconstruction Company Ltd. The CoC initially sought liquidation, but the Adjudicating Authority rejected this, directing efforts to resolve insolvency. This decision was challenged but the appeal was withdrawn. The CoC then held a second meeting on 20.08.2021. The CIRP period had completed, but the Adjudicating Authority allowed an exclusion of certain period from
…CIRP initiated as per the application filed by…
The IRP made a public announcement of CIRP of…