The case involves a company petition filed by Shiva Parvati Poultry Feed Private Ltd under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, against Parameswara Poultry Farm Pvt Ltd. The Adjudicating Authority admitted the petition on 17.09.2019 and initiated the Corporate Insolvency Resolution Process (CIRP). An Interim Resolution Professional (IRP) was appointed, who continued as the Resolution Professional (RP). The CIRP period ended on 15.03.2020, and after extensions and exclusions, it concluded on 24.10.2020. The RP constituted a Committee of Creditors (CoC) with Andhra Bank (now Union Bank of India) as the sole member initially, later reconstituted with Union Bank of India and Binjusaria Solvents Private Limited. The RP invited Expression of Interest
…Shiva Parvati Poultry Feed Private Ltd initiated a corporate insolvency resolution process (CIRP) against Parameswara Poultry Farm Pvt Ltd under Section 9 of the IBC, 2016. The petition was admitted on 17.09.2019. An Interim Resolution Professional (IRP) was appointed and continued as the Resolution Professional (RP). The CIRP period ended on 15.03.2020, extended, and concluded on 24.10.2020. The Committee of Creditors (CoC) was formed, initially with Andhra Bank (now Union Bank of India) as the sole member, later reconstituted with Union Bank of India and Binjusaria Solvents Private Limited. An Expression of Interest was invited but received no responses. A Section 12-A application for withdrawal of the CIRP was filed by the Operational Creditor, but Union Bank of
…Sign in to view the parties.
The Adjudicating Authority admitted the Company…
The initial CIRP period…
The case involves a company petition filed by Shiva Parvati Poultry Feed Private Ltd under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, against Parameswara Poultry Farm Pvt Ltd. The Adjudicating Authority admitted the petition on 17.09.2019 and initiated the Corporate Insolvency Resolution Process (CIRP). An Interim Resolution Professional (IRP) was appointed, who continued as the Resolution Professional (RP). The CIRP period ended on 15.03.2020, and after extensions and exclusions, it concluded on 24.10.2020. The RP constituted a Committee of Creditors (CoC) with Andhra Bank (now Union Bank of India) as the sole member initially, later reconstituted with Union Bank of India and Binjusaria Solvents Private Limited. The RP invited Expression of Interest
…Shiva Parvati Poultry Feed Private Ltd initiated a corporate insolvency resolution process (CIRP) against Parameswara Poultry Farm Pvt Ltd under Section 9 of the IBC, 2016. The petition was admitted on 17.09.2019. An Interim Resolution Professional (IRP) was appointed and continued as the Resolution Professional (RP). The CIRP period ended on 15.03.2020, extended, and concluded on 24.10.2020. The Committee of Creditors (CoC) was formed, initially with Andhra Bank (now Union Bank of India) as the sole member, later reconstituted with Union Bank of India and Binjusaria Solvents Private Limited. An Expression of Interest was invited but received no responses. A Section 12-A application for withdrawal of the CIRP was filed by the Operational Creditor, but Union Bank of
…The Adjudicating Authority admitted the Company…
The initial CIRP period…