The application IA 3804 of 2022 was filed on 2022-12-05 by the Resolution Professional (RP), Mr. Ajay Marathe, of the Corporate Debtor, Paranjape Agro Products (I) Private Limited, seeking an extension of the Corporate Insolvency Resolution Process (CIRP) by 90 days. The application was made under Section 12(2) of the Insolvency and Bankruptcy Code, 2016, read with Regulation 40 of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The CIRP was initiated following a Company Petition No. 3755 of 2019 filed by Canara Bank against the Corporate Debtor, admitted by the Tribunal on 2022-06-10, where the applicant was appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional by the Committee of
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Paranjape Agro Products (I) Private Limited following a petition by Canara Bank. Mr. Ajay Marathe was appointed as the Resolution Professional (RP). The initial CIRP period of 180 days was set to expire on 2022-12-10. The RP sought a 90-day extension of the CIRP period under Section 12(2) of the Insolvency and Bankruptcy Code, 2016. The Committee of Creditors (CoC) approved the resolution to file for the extension. The RP published Form G inviting Expressions of Interest (EOI) from Prospective Resolution Applicants (PRA) and received two EOIs. The RP re-published EOI, received six EOIs, issued RFRP, and circulated the final list of Resolution Applicants. The CoC had not yet approved or rejected
…Sign in to view the parties.
Canara Bank filed Company Petition No. 3755…
The Tribunal admitted Company Petition No. 3755…
Sign in to view related legal provisions.
The application IA 3804 of 2022 was filed on 2022-12-05 by the Resolution Professional (RP), Mr. Ajay Marathe, of the Corporate Debtor, Paranjape Agro Products (I) Private Limited, seeking an extension of the Corporate Insolvency Resolution Process (CIRP) by 90 days. The application was made under Section 12(2) of the Insolvency and Bankruptcy Code, 2016, read with Regulation 40 of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The CIRP was initiated following a Company Petition No. 3755 of 2019 filed by Canara Bank against the Corporate Debtor, admitted by the Tribunal on 2022-06-10, where the applicant was appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional by the Committee of
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Paranjape Agro Products (I) Private Limited following a petition by Canara Bank. Mr. Ajay Marathe was appointed as the Resolution Professional (RP). The initial CIRP period of 180 days was set to expire on 2022-12-10. The RP sought a 90-day extension of the CIRP period under Section 12(2) of the Insolvency and Bankruptcy Code, 2016. The Committee of Creditors (CoC) approved the resolution to file for the extension. The RP published Form G inviting Expressions of Interest (EOI) from Prospective Resolution Applicants (PRA) and received two EOIs. The RP re-published EOI, received six EOIs, issued RFRP, and circulated the final list of Resolution Applicants. The CoC had not yet approved or rejected
…Canara Bank filed Company Petition No. 3755…
The Tribunal admitted Company Petition No. 3755…
Sign in to view related legal provisions.