The case involves an application filed by the Resolution Professional (RP) under Section 31 of the Insolvency and Bankruptcy Code, 2016, seeking approval of the Resolution Plan submitted by the successful Resolution Applicant, Dr. K.V. Tolins. The Corporate Insolvency Resolution Process (CIRP) was initiated against Orma Marble Palace Private Limited based on a petition filed by Dhanalaxmi Bank Limited under Section 7 of the IBC. The RP issued invitations for Expression of Interest (EOI) from potential resolution applicants, received EOIs from three prospective applicants, and subsequently, the Resolution Applicant submitted a revised Resolution Plan which was approved by the Committee of Creditors (CoC) with 100% votes.
Dhanalaxmi Bank Limited initiated Corporate Insolvency Resolution Process (CIRP) against Orma Marble Palace Private Limited by filing a petition under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The petition was admitted on 2021-04-09. Mr. Jasin Jose was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The RP issued invitations for Expression of Interest (EOI) and received EOIs from three prospective resolution applicants. Dr. K.V. Tolins, submitted a Resolution Plan, which was revised multiple times based on feedback from the Committee of Creditors (CoC). The CoC approved the revised Resolution Plan with 100% votes in its 9th meeting held on 2022-05-31. The Resolution Applicant provided
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The underlying Company Petition in…
The Company Petition…
The case involves an application filed by the Resolution Professional (RP) under Section 31 of the Insolvency and Bankruptcy Code, 2016, seeking approval of the Resolution Plan submitted by the successful Resolution Applicant, Dr. K.V. Tolins. The Corporate Insolvency Resolution Process (CIRP) was initiated against Orma Marble Palace Private Limited based on a petition filed by Dhanalaxmi Bank Limited under Section 7 of the IBC. The RP issued invitations for Expression of Interest (EOI) from potential resolution applicants, received EOIs from three prospective applicants, and subsequently, the Resolution Applicant submitted a revised Resolution Plan which was approved by the Committee of Creditors (CoC) with 100% votes.
Dhanalaxmi Bank Limited initiated Corporate Insolvency Resolution Process (CIRP) against Orma Marble Palace Private Limited by filing a petition under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The petition was admitted on 2021-04-09. Mr. Jasin Jose was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). The RP issued invitations for Expression of Interest (EOI) and received EOIs from three prospective resolution applicants. Dr. K.V. Tolins, submitted a Resolution Plan, which was revised multiple times based on feedback from the Committee of Creditors (CoC). The CoC approved the revised Resolution Plan with 100% votes in its 9th meeting held on 2022-05-31. The Resolution Applicant provided
…The underlying Company Petition in…
The Company Petition…