The case pertains to an application (I.A.(IBC)/3916/2023) filed in the Corporate Insolvency Resolution Process (CIRP) of M/s. Mothers Pride Education Personna Private Limited, initiated based on a Section 7 application by Yes Bank. The Resolution Professional sought exclusion of time and extension of the CIRP period due to non-cooperation from the suspended directors of the Corporate Debtor. The Committee of Creditors (CoC) had approved resolutions for both exclusion of time and extension of the CIRP period.
The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s. Mothers Pride Education Personna Private Limited on 04.01.2023 based on a Section 7 application filed by M/s. Yes Bank. Mr. Ganga Ram Agarwal was initially appointed as the Interim Resolution Professional (IRP) but was later replaced by AAA, Insolvency Professionals (IPE), with Mr. Anil Goel as the designated partner. The IRP made requests to the suspended directors of the Corporate Debtor for necessary information to prepare the Information Memorandum and carry out valuation, but received no response. An Interlocutory Application (I.A. No./1359/2023) was filed seeking cooperation from the suspended directors and auditors. The CoC held meetings where the suspended directors promised to
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Corporate Insolvency Resolution Process…
The Committee of Creditors (CoC) replaced…
The case pertains to an application (I.A.(IBC)/3916/2023) filed in the Corporate Insolvency Resolution Process (CIRP) of M/s. Mothers Pride Education Personna Private Limited, initiated based on a Section 7 application by Yes Bank. The Resolution Professional sought exclusion of time and extension of the CIRP period due to non-cooperation from the suspended directors of the Corporate Debtor. The Committee of Creditors (CoC) had approved resolutions for both exclusion of time and extension of the CIRP period.
The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s. Mothers Pride Education Personna Private Limited on 04.01.2023 based on a Section 7 application filed by M/s. Yes Bank. Mr. Ganga Ram Agarwal was initially appointed as the Interim Resolution Professional (IRP) but was later replaced by AAA, Insolvency Professionals (IPE), with Mr. Anil Goel as the designated partner. The IRP made requests to the suspended directors of the Corporate Debtor for necessary information to prepare the Information Memorandum and carry out valuation, but received no response. An Interlocutory Application (I.A. No./1359/2023) was filed seeking cooperation from the suspended directors and auditors. The CoC held meetings where the suspended directors promised to
…Corporate Insolvency Resolution Process…
The Committee of Creditors (CoC) replaced…