The case involves an application (I.A No. 162/2022) filed in CP(IB) No.02/BB/2020 under Section 30(6) read with Section 31 and Section 60(5)(c) of the Insolvency and Bankruptcy Code, 2016, along with Rule 11 of the National Company Law Tribunal Rules, 2016, seeking approval of a Resolution Plan for Maylari Agro Products Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated against Maylari Agro Products Limited based on a petition filed by an Operational Creditor, Smt. Yogitha Vijaykumar, under Section 9 of the IBC, 2016. The CIRP commenced on 08.03.2021. An Interim Resolution Professional (IRP) was appointed, followed by the constitution of a Committee of Creditors (CoC) consisting of Canara Bank and Karnataka Bank. Several IAs were filed, including
…Smt. Yogitha Vijaykumar, an Operational Creditor, filed a Company Petition (CP(IB) No. 02/BB/2020) under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Maylari Agro Products Limited for initiating the Corporate Insolvency Resolution Process (CIRP). The Adjudicating Authority admitted the petition on 08.03.2021. Mr. S. Viswanathan was appointed as the Interim Resolution Professional (IRP). The IRP made a public announcement on 13.03.2021, inviting claims from creditors, with a deadline of 27.03.2021. The Committee of Creditors (CoC) was constituted, consisting of Canara Bank (84.66% voting share) and Karnataka Bank (15.34% voting share). Canara Bank filed I.A. No. 276 of 2021, seeking the replacement of Mr. S. Viswanathan with Ms. Shirley Mathew as the
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Main Company Petition bearing CP(IB) No.…
The Adjudicating Authority admitted the…
The case involves an application (I.A No. 162/2022) filed in CP(IB) No.02/BB/2020 under Section 30(6) read with Section 31 and Section 60(5)(c) of the Insolvency and Bankruptcy Code, 2016, along with Rule 11 of the National Company Law Tribunal Rules, 2016, seeking approval of a Resolution Plan for Maylari Agro Products Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated against Maylari Agro Products Limited based on a petition filed by an Operational Creditor, Smt. Yogitha Vijaykumar, under Section 9 of the IBC, 2016. The CIRP commenced on 08.03.2021. An Interim Resolution Professional (IRP) was appointed, followed by the constitution of a Committee of Creditors (CoC) consisting of Canara Bank and Karnataka Bank. Several IAs were filed, including
…Smt. Yogitha Vijaykumar, an Operational Creditor, filed a Company Petition (CP(IB) No. 02/BB/2020) under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Maylari Agro Products Limited for initiating the Corporate Insolvency Resolution Process (CIRP). The Adjudicating Authority admitted the petition on 08.03.2021. Mr. S. Viswanathan was appointed as the Interim Resolution Professional (IRP). The IRP made a public announcement on 13.03.2021, inviting claims from creditors, with a deadline of 27.03.2021. The Committee of Creditors (CoC) was constituted, consisting of Canara Bank (84.66% voting share) and Karnataka Bank (15.34% voting share). Canara Bank filed I.A. No. 276 of 2021, seeking the replacement of Mr. S. Viswanathan with Ms. Shirley Mathew as the
…Main Company Petition bearing CP(IB) No.…
The Adjudicating Authority admitted the…